scholarly journals THE FORMATION AND EFFECTIVE USE OF INVENTORIES BY ENTERPRISES

2021 ◽  
pp. 81-92
Author(s):  
Svitlana Koshelenko
Keyword(s):  
Inventory Management ◽  
Management Policy ◽  
Foreign Firms ◽  
Main Trend ◽  
Just In Time ◽  
Modern Approach ◽  
Doing Business ◽  
The Subject ◽  
Direct Delivery ◽  
Effective Use

The article considers the issues of formation and effective use of inventories by enterprises. It is confirmed that the subject of the inventory management policy consists of two main blocks: the inventory formation policy and the inventory use management policy. Inventory formation management occurs by applying inventory management models. Inventory use management performed by means of indicator calculations of reserves effective use. Inventories are grouped and classified according to the most important features. Inventory management tasks and exiting models is carried out, which takes into account the classic and modern approach to doing business. It is proved that the concepts previously used fail to justify themselves in the new conditions. It is established that most companies in the world improve the efficiency of inventory management as follows: rationalization of processes between companies, shifting ownership of inventory towards suppliers (implementation of the principle of “inventory managed by supplier”), direct delivery of finished products to the consumer in accordance with his wishes and financial capabilities, inventory management using the principle of “just in time”, introduction of flexible (lean) production, etc. Thus, the main trend of foreign firms, in contrast to domestic ones, is the spread of the concept of inventory minimization. Nine provisions (theses) have been formulated for the methodology of forming various for managing inventory values of an enterprise.

scholarly journals Japanese And Western Management Approaches: Is Convergence Occurring?

2011 ◽  
Vol 2 (4) ◽  
Author(s):  
Edwin C. Duerr ◽  
Mitsuko Saito Duerr
Keyword(s):  
Foreign Firms ◽  
Just In Time ◽  
Total Quality ◽  
Business Press ◽  
Doing Business ◽  
Excessive Competition ◽  
Rapid Economic Growth ◽  
Management Approaches ◽  
Degree Of Convergence ◽  
Japanese Companies

Japans rapid economic growth in the 1970s and 1980s, and the success of a number of Japanese factories overseas, led to great interest in the Japanese managerial system and some specific techniques used by Japanese companies. A plethora of books and articles were written about the value of (or threat from) Japanese business-government cooperation, the Japanese employment system and management-labor cooperation, the avoidance of excessive competition, the wide use of long-term relationships and planning, and the emphasis on growth rather than short-term profits. There was also much written about specific Japanese techniques including the use of quality circles, continuous improvement, total quality management, flexible production, and just-in-time and lean production. Many European, Canadian, and U.S. companies adopted some of the most widely publicized Japanese techniques, often in substantially modified form. Important aspects of production and logistics were revolutionized. Some companies also used modified Japanese approaches in attempting to improve management-labor relations.In Japan, the economic problems from the 1990s to the present, and the success of some foreign firms, led to increased interest in Western management approaches. There was growing concern that the traditional Japanese ways of doing business were inadequate to cope with the changing international and domestic environments. During the past decade, there has been wide discussion in the business press of the need for adopting selected Western methods. A number of Japanese companies have announced that they are changing their traditional employment practices, and mergers and acquisitions have become increasingly common. It thus might appear that Japanese and Western managerial philosophy and approaches are converging.While Japan and the West have each benefited substantially from the adoption of ideas and techniques from the other, basic differences remain in the values, beliefs, and objectives of business, government, and society. In this paper, these differences are discussed, and the degree of convergence is seen to be limited more to techniques than to the basic assumptions, objectives, and strategies that drive business.

APPLICATION OF THE PDCA MODEL AND MODIFICATIONS OF THE ABC-XYZ ANALYSIS IN PRODUCTION INVENTORY MANAGEMENT

2021 ◽  
Vol 4 (5) ◽  
pp. 12-23
Author(s):  
N. M. BAKLAEVA ◽  
Keyword(s):  
Inventory Management ◽  
Management Policy ◽  
Just In Time ◽  
Analysis Model ◽  
Production Inventory ◽  
Inventory Turnover ◽  
Abc Analysis ◽  
Proposed Modification ◽  
Analysis Models ◽  
A Company

The article discusses the possibility of using a process approach in managing the company's inventory based on the Shewhart-Deming cycle (PDCA model), as well as identifies modern problems of using ABC-analysis and XYZ-analysis models in practice, and proposes the introduction of a modified ABC-XYZ analysis model. The results of the study showed that the development of an inventory management policy in a company based on the PDCA model with the use of the proposed modification of the ABC-XYZ analysis will make it possible to systematize the processes of warehousing and supply of stocks using the «Just-in-Time» method, minimize warehouse costs by reducing the volume of stock, reduce the volume of illiquid inventory, improve customer satisfaction, accelerate inventory turnover.

scholarly journals Modeling the Supply Process Using the Application of Selected Methods of Operational Analysis

2017 ◽  
Vol 7 (1) ◽  
pp. 50-54 ◽  
Author(s):  
Mária Chovancová ◽  
Vladimír Klapita
Keyword(s):  
Inventory Management ◽  
Economic Efficiency ◽  
Raw Materials ◽  
Service Level ◽  
Effective Management ◽  
Operational Analysis ◽  
Intermediate Products ◽  
The Subject

AbstractSupply process is one of the most important enterprise activities. All raw materials, intermediate products and products, which are moved within enterprise, are the subject of inventory management and by their effective management significant improvement of enterprise position on the market can be achieved. For that reason, the inventory needs to be managed, monitored, evaluated and affected. The paper deals with utilizing the methods of the operational analysis in the field of inventory management in terms of achieving the economic efficiency and ensuring the particular customer’s service level as well.

THE ROLE OF ACCOUNTING AND CONTROL IN THE MANAGEMENT OF ECONOMIC SECURITY OF AN ORGANIZATION

2021 ◽  
Vol 7 (2) ◽  
pp. 165-178
Author(s):  
Nicolay T. Labyntsev ◽  
Lyubov F. SHILOVA ◽  
Ocsana V. Chukhrova
Keyword(s):  
Economic Security ◽  
Accounting Profession ◽  
Economic Management ◽  
Economic Interests ◽  
Doing Business ◽  
The Subject ◽  
The Stability ◽  
High Level ◽  
And Control

This article revises the mission and the name of the accounting profession in the context of strengthening the economic security of enterprises under the conditions of digitalization of the economy. The authors note that in the contemporary conditions of economic management, enterprises should form and ensure the functioning of the economic security of the enterprise at the proper level. The necessity of in-depth research of economic security at microlevel was considered, the factors influencing the stability of the enterprise were highlighted. High level of economic security of the subject of management consists in guaranteeing him maximum effective and stable functioning now and in future. Subjects of economic security were individual enterprises, and objects — their economic interests. The main goals of ensuring economic security of the enterprise in the part of accounting were singled out, the tasks of accounting policy, aimed at ensuring economic security, were determined. The prospects of the accounting profession in the process of ensuring economic security and reliable safe presentation of the results of doing business in reporting are substantiated. The study contains proposals on the revision of requirements for the qualifications of accountants in order to emphasize their activities aimed at strengthening the economic security of the enterprise.

Improving the Sustainability and Effectiveness of the Inventory Management in Manufacturing Company

2014 ◽  
Vol 693 ◽  
pp. 141-146
Author(s):  
Jan Prachař ◽  
Helena Fidlerová ◽  
Peter Sakál ◽  
Tatiana Zbojová
Keyword(s):  
Sustainable Development ◽  
Inventory Management ◽  
Integrated Management ◽  
Theory And Practice ◽  
Study Program ◽  
Industrial Management ◽  
Business Units ◽  
The Subject ◽  
Kanban System ◽  
Corporate Social

The aim of the project was to optimize the company's inventory management and to suggest measures to minimize inventory and costs and maximize production in an effective and sustainable way. The effectiveness and sustainability of the logistics processes was focused on streamlining of inventory management through the actualization and improvement of existing system Kanban. In the context of sustainable development we propose the Kanban method because its principles are to eliminate waste and to ensure employees satisfied. In the centre of attention is the employee and the company should care for its satisfaction by means of enhancement of workplaces. The objective of this paper is to present characteristics of the Kanban method in theory and practice; it addresses actualization and improvement of the Kanban system and recommendations for future sustainable Kanban system. The work is a part of KEGA project No. 037STU-4/2012 -Implementation of the subject “Sustainable Corporate SocialEntrepreneurship” into the study program Industrial management in the second degree at the MTF STU Trnava.and submitted project VEGA No.č.1/0510/15Sustainable strategic management vs. sustainable corporate social responsibility vs. integrated managementsystem of strategic business units.

scholarly journals Intellectual Capital of a Trading Company: Comprehensive Analysis Based on Reporting

2020 ◽  
Vol 12 (17) ◽  
pp. 7095
Author(s):  
Oksana Pirogova ◽  
Olga Voronova ◽  
Tatyana Khnykina ◽  
Vladimir Plotnikov
Keyword(s):  
Content Analysis ◽  
Intellectual Capital ◽  
Value Added ◽  
Management Policy ◽  
Annual Reports ◽  
Trading Company ◽  
Significant Relationships ◽  
The Subject ◽  
The Russian Federation

The study is devoted to the analysis of the efficiency of use and the effectiveness of disclosing the intellectual capital (IC) of a trading company operating in the market of the Russian Federation. The subject of the research is an assessment of the quality of disclosure of information about the IC company involved in the creation of financial results of activities and the growth of the company’s value. The study examines the assessment of IC and the search for links between the involvement of IC in the formation of the financial result of a trading company and the degree of its reflection in the company’s annual reports. Methods of using intellectual value-added coefficients (VAIC) such as the trademark logo (written as ™), Calculated Intangible Value (CIV) and content analysis of the company’s annual reports are used to assess the IC and its elements. The influence of IC and its components, on the financial results of a trading company are also investigated and calculated using various methods. It is shown that there are no statistically significant relationships between the assessments of IC and its elements obtained using financial ratios, and those obtained using content analysis. This indicates that the opinions and assessments of the heads of a trading company regarding IC are formed regardless of the size of IC involved in the formation of economic results and testifies to the absence of an effective investment management policy in the studied company. Some of the results obtained confirm the trends in IC structures previously observed for companies in other industries. The results also indicate that the existing system for preparing annual reports does not sufficiently consider the size, dynamics and efficiency of using the intangible assets of a trading company. The results of this study are likely to be useful to management and academics.

scholarly journals Main elements of formation of the mechanism of providing innovative development of industrial enterprises

2020 ◽  
Vol 11 (1) ◽  
pp. 57-66
Author(s):  
I. V. Levytska ◽  
Keyword(s):  
Research Literature ◽  
Innovative Development ◽  
Technological Transformation ◽  
Industrial Enterprises ◽  
Enterprise Innovation ◽  
General Scientific ◽  
Enterprise Level ◽  
The Subject ◽  
Methodological Principles ◽  
Effective Use

The article is devoted to the research of theoretical and methodological principles of formation of the basic elements of the mechanism of providing innovativ edevelopment of domestic enterprises. The urgency of a thorough study of the elements of forming a mechanism for ensuring the innovative development of industrial enterprises, which effective use of which all ows to increase the competitivenes sof the enterprise, contributing to the achievement of certaingoals and align them with the task sin the direction of their solution. The purpose of the article is to form the basic elements of the mechanism for ensuring innovative development of industrial enterprises. The object of research is the innovative development of industrial enterprises. The subject of the study is the formation of the mechanism of providing innovative development of industrial enterprises. The methodological basis of the research is general scientific and special methods of cognition, research and research literature, scientific works of main elements of formation of the mechanism of providing innovative development of industrial enterprises. The essence of the mechanism and the basic conditions for its provisionared etermined. It is proved that the overall result of the mechanism is to achieve current and predicted indicators that will be better than competitors indifferent are asof the enterprise, which will ensuret argeted innovation and technological transformation sat the enterprise. The structurals cheme of the main elements of the mechanism for providing innovative development of the enterpriseis presented, which should contain the established goal and settasks, functions and principles, the basic requirements, that are put to the formation of the mechanism, the components of ensuring the operation of the mechanism that ensure the achievement of the set innovation goals. In addition, the sequence of actions to develop a mechanism for providing innovative development of the enterprise is proposed. The main levers that ensure the operation of the mechanis matthenational and regional level sas well as atthe enterprise level are highlighted. Furt her research will address the issue sof developing monitoring of industrial innovation impvement process esaimed attracking enterprise innovation performance indicators and improving the irimplementation of appropriate measures.

scholarly journals Colour Studies: Clarification and Alpha-Numeric Adaptation of Notation Systems for Artists and Designers

1970 ◽  
Vol 4 (2) ◽  
pp. 121-148
Author(s):  
ZS Ebigbagha
Keyword(s):  
Subject Matter ◽  
Design Education ◽  
Qualitative Approach ◽  
Pivotal Role ◽  
Art And Design ◽  
Wide Range ◽  
The Subject ◽  
Effective Use ◽  
Creative Construction

Colour studies have generated much confusion in art and design education, particularly among students of the discipline in Nigeria. This is due to the complexity of the subject matter itself, wide-range of available materials and a variety of concepts developed in its multi-disciplinarity that is not kept distinct. Therefore, this paper utilizes a qualitative approach that employs the critical, historical, and analytic examination to provide clarification on the constructive and expressive aspects of colour studies. The paper introduces the reader to the pivotal role of colour and its multi-disciplinary interest. Also, it adequately clarifies paradigms and theories in the physical, psychophysical and psychological domains with particular emphasis on areas of practical value to art and design. Moreover, it considers the numeric adaptation of the colour wheel to a set of numbers for harmonic relationship. And it ends with the need for artists and designers to comprehensively grasp the contextual behaviour of colour and develop colour originality through creative construction and effective use in order to successfully express themselves in colour.

scholarly journals Analysis of the real estate market for business activities

2021 ◽  
pp. 60-68
Author(s):  
O. A. Zemlyanskiy
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Market Analysis ◽  
Entrepreneurial Activity ◽  
Market Segments ◽  
The Real ◽  
The Real Estate ◽  
Doing Business ◽  
The Real Estate Market ◽  
The Subject

Effective business activities conducting in the real estate market is impossible without an objective analysis of the real estate market, its individual segments, comparing the possibilities and efficiency of doing business in different market segments. Based on the generalization of various methods, the author proposes an analysis of the real estate market to determine the possibility of effective business activity, including setting goals for the analysis of the real estate market and its individual segments, determining the subject, conditions and opportunities for entrepreneurial activity in the real estate market, analysing the market in accordance with the factors of market analysis, its characteristics and identification of the most attractive market segments and areas of activity in order to achieve these goals. The analysis of the real estate market determines the opportunities, conditions and prospects of presence on the market for various companies and types of business related to the creation and sale of real estate objects, as well as credit and financial, legal, insurance, valuation, commercial and other types of business.

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