scholarly journals Modern problems of fixed capital management of the industrial enterprise

2021 ◽  
pp. 23-27
Author(s):  
Olena STANISLAVYK ◽  
Oleksandr KOVALENKO
Keyword(s):  
High Efficiency ◽  
Industrial Sector ◽  
Basic Element ◽  
Fixed Capital ◽  
Industrial Enterprise ◽  
Capital Management ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Long Run ◽  
Fixed Assets

Introduction. Production activity is impossible without the presence of fixed capital and its basic element – fixed assets, in the operation of which the depreciation fund is formed and the targeted use of depreciation deductions and quality reproduction of fixed assets of the enterprise are positioned to the fore. The importance of this issue increases due to need to enter markets with competitive goods and services, which leads to innovative and active activities of industrial enterprises, which require, above all, significant investments into the fixed assets. The purpose of the paper is to highlight the essence and modern problems of fixed capital management of industrial enterprise. Results. The paper explores the essence of fixed capital management of industrial enterprise and identifies modern key issues in this area facing managers of domestic industrial enterprises. The role of strategic and tactical planning of the process of reproduction of fixed assets in the management of fixed capital of the industrial enterprise and the reasons for its renewal are highlighted. The requirements for the formation of strategy and management system of fixed capital of the industrial enterprise are presented. The stages of formation of the effective strategy of fixed capital management under conditions of the modern market and the basic directions of activity of the industrial enterprise in this sphere are offered. The necessity of implementing the rational depreciation policy and correct revaluation of fixed assets is shown. The importance of using leasing as effective tool for investment and renewal of fixed assets of domestic enterprises of the industrial sector of economy is considered. Conclusion. For the effective management of fixed capital, it is important for industrial enterprises to perform a number of tasks, which involve the development of long-term strategy and tactics for the formation and effective use of fixed assets; determination of fixed capital renewal needs; adequate assessment of the conditions of fixed assets, maintaining the proper conditions of machinery and equipment; implementation of rational depreciation policy; finding acceptable sources of funding for the restoration of fixed capital, as well as finding more efficient ways of using the investment resources. It should allow the industrial enterprise to produce products, which are in demand, and ensure stable competitive positions and high efficiency in the long run.

scholarly journals The mechanism for increasing the efficiency of business processing of industrial enterprises on the basis of antocrossing

2018 ◽  
Vol 11 (1) ◽  
pp. 37-43
Author(s):  
H. G.W. Alkarawy
Keyword(s):  
Economic Activity ◽  
Business Processes ◽  
High Efficiency ◽  
Industrial Process ◽  
Industrial Enterprise ◽  
Competitive Advantages ◽  
Management Tools ◽  
Industrial Enterprises ◽  
Business Entities ◽  
The Impact

Studying the problems associated with dynamism and the volatility of the economic environment require the constant development of the enterprise is a complex and multifaceted phenomenon, marked by many unresolved problems. The choice of other business processes for outsourcing is an important problem, from the decision of which depends the efficiency of the development of industrial enterprises. They require constant development and improvement of the organization of the enterprise, development of new, progressive forms and management methods that can minimize and neutralize the impact of negative factors on the indicators of their development. Especially it concerns the industrial enterprises. The problems of low competitiveness of industrial enterprises, the limited resources necessary for their effective functioning, and the low level of human resources require changes in economic activity through effective management methods, high efficiency of business processes and increase the competitiveness of business entities, which should become the basis for the formation of a new model of economic activity of industrial enterprises on the basis of the constructed model for choosing the optimal outsourcing, providing to increase the efficiency of the industrial process of an industrial enterprise. The development of modern economy is based on the effectiveness of business processes, therefore research of business processes of industrial enterprises, are based on it, deserves special attention. Accelerating the pace of modernization, the speed of creating new knowledge and competition need not just the use of more advanced technical and technological solutions, but the introduction of management methods based on the model of choice of optimal outsourcing. Therefore, business processes in industrial enterprises are closely related to the introduction of new methods, technologies and management tools aimed at adapting business entities to the changing conditions of the external environment and the full realization of their production and potentials, and those that allow an industrial enterprise to obtain other competitive advantages.

scholarly journals A method for optimisation of enterprise logistic supply chain

2018 ◽  
Vol 239 ◽  
pp. 03009
Author(s):  
Liubov Lisienkova
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chains ◽  
Central Element ◽  
Industrial Enterprise ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Chain Management ◽  
Goods And Services

The aim of the study was to develop an optimisation method for management of current assets of an industrial enterprise by the concept of logistics supply chains. The ways of acceleration of working capital turnover at the stages of supply, production and marketing of goods and services have been identified. The necessity of applying the concept of supply chain management to working capital management has been justified. This allowed defining the management principles in the supply chain of an industrial enterprise. As a result, a method for optimization of enterprise current assets of an industrial enterprise as a central element of a supply chain has been offered. It has been proved that the presented method makes it possible to determine the effect of working capital acceleration both in the material and financial subsystems. A tool for realisation of this effect is the structuring of working capital by title deeds.

scholarly journals ENVIRONMENTAL ECONOMIC EFFICIENCY OF INDUSTRIAL ENTERPRISES: EVALUATION AND MANAGEMENT

2019 ◽  
pp. 7-20
Author(s):  
Sergey Vladimirovich Ponomarev ◽  
Galina Stepanovna Merzlikina
Keyword(s):  
Environmental Protection ◽  
Environmental Factor ◽  
Economic Efficiency ◽  
Objective Assessment ◽  
Environmental Accounting ◽  
Industrial Enterprise ◽  
Environmental Reporting ◽  
Protection Measures ◽  
Industrial Enterprises ◽  
Fixed Assets

The article presents the results of a study of the ecological and economic efficiency of the industrial enterprise. It has been stated that industry has a significant environmental impact on the environment. According to the results of the analysis of the environmental activities of enterprises, it has been inferred that the environmental factor should be taken into account in assessing the economic efficiency of an industrial enterprise. Some enterprises provide environmental accounting, but these are, as a fact, the large industrial leaders in the status of “national treasure”. It has been revealed that the majority of industrial enterprises either pays for environmental pollution losing part of their profits, or takes environmental protection measures bearing a heavy burden of costs and loosing profitability. There has been given the analysis of research publications on the assessment of ecological and economic efficiency of the enterprise. It was mentioned that despite the importance of improving the methods of assessment, there was not offered any available and generally accepted indicator (indicators). Many projects are difficult for economic practice and can only be used in scientific research. There has been worked out and submitted a methodological toolkit - a new indicator of environmental and economic efficiency (EEefficiency) defined as the ratio of results to resources. The result is the profit of the enterprise minus (if environmental protection measures are not carried out) pollution charges (from January 1, 2020, excluding the environmental tax). The fixed assets and circulating assets (production resources) and, in the case of conducting environmental protection measures, the fixed assets and circulating assets (resources directed to protect the environment) are considered as resources. The indicator EEefficiency is based on the so-called balanced approach, in the context of the study - an adequate, objective assessment of economic efficiency subject to the environmental factor. There have been defined the problems of possible using of the proposed indicator: “equity” and validity of the assessment of damage (fine) from pollution; difficulty of accounting for environmental resources and costs; difficulties in compiling special environmental reporting. The necessity of creating a special platform of environmental and economic indicators of the industrial enterprise efficiency has been substantiated.

scholarly journals Formation of an Innovative Stratergy for Industrial Business in the Context of Economy Digitalization

2020 ◽  
pp. 24-31
Author(s):  
Vladimir Klimuk ◽  
Anastasiya Dzhikiya
Keyword(s):  
Industrial Development ◽  
Innovation Policy ◽  
Continuous Process ◽  
Industrial Sector ◽  
Innovative Strategy ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Graphical Tool ◽  
Goods Market

As a result of growing competition in the market of industrial goods and services, the mechanism of sustainable development of the industry is a continuous process of generating innovations. Moreover, the development of innovations is one of the first elements of the industrys competitiveness mechanism along with testing innovations and bringing them into use. The innovations which have successfully passed the stages of approbation and implementation, or the so-called “useful” innovations, present the basic complex of competitive advantages of the industry, its new vector of development, what is a tool of operational management of the countrys (regions) innovation policy which provides a set of specific tasks and mechanisms for the development of the system. The work pays attention to the study of corresponding methods and tools for the formation of an innovative strategy, taking into account the starting positions of the development of society and economy, and new conditions for the development. As a general methodological base, the authors chose the principles of the system methodology and the institutional approach to analyzing the role of innovative tactics of industrial enterprises in developing an effective strategy in the context of economy digitalization. The authors analyze and substantiate the role of “useful” innovations in industrial development in the context of growing competition in the industrial goods market. The researchers offer a tool for assessing the effectiveness of industrial policy based on indicators evaluating the effectiveness of the industrial sector. The authors also analyze the calculated indicators, including with the use of the proposed graphical tool. The types of strategies for the development of a new direction of policy, i.e. neo-industrialization, are presented. A set of main components influencing the level of industrial development, taking into account the barriers to neo-industrialization is added.

Improvement of information support at an industrial enterprise for the purposes of accounting and auditing of funds

2021 ◽  
Vol 83 (1) ◽  
pp. 52-62
Author(s):  
O. I. Zhaltyrova ◽  
◽  
T.B. Kuvaldina ◽  
G.O. G.O. Abisheva ◽  
◽  
...  
Keyword(s):  
Market Economy ◽  
Cash Flow ◽  
Cash Flows ◽  
Industrial Enterprise ◽  
Information Support ◽  
Production Cycle ◽  
Accounting Data ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Economic Entity

The main problem is that money plays a huge role in a market economy. The market is impossible without the movement of money that carries out the turnover of goods and services. The movement of money serves the sale of goods, as well as the movement of the financial market. The cash resources of an industrial enterprise are an integral part of current assets. The money is needed for settlements with suppliers and contractors, for making payments to the budget, for issuing salaries, bonuses to employees, and for making other types of payments. The meaning of the organization of funds is to effectively manage the cash flows of an economic entity on the basis of data obtained from the results of the analysis of cash flows for a certain period of time and accounting data. Information support is a system of information and methods of its processing that allow us to assess the real state of an industrial enterprise and identify factors that contribute to improving the effectiveness of management decisions. In these conditions, it becomes inevitable to improve the information support for accounting and auditing of funds. The purpose of this study is to identify the problems of accounting and auditing of funds at industrial enterprises by improving information support. The implementation of the research goal is facilitated by the use of methods of comparative analysis, synthesis, graphical method for visualizing the results obtained. For any enterprise, it is necessary that there is enough money at the beginning of the production cycle, and at the end their growth is ensured. With such business management, a constant turnover of funds will be ensured, which will provide the enterprise with an influx of funds, and will make it possible to carry out activities in other areas (investment or financial) at the expense of the money generated by the main activity. In a market economy, it is necessary to proceed from the principle that the skillful use of funds brings additional income to the enterprise, and, therefore, the enterprise should constantly think about the rational investment of temporarily free funds to make a profit. The authors analyzed the cash flow by type of activity on the basis of financial statements, and developed recommendations for solving the problems of accounting and auditing of funds, which are aimed at improving cash flow management, which will allow an industrial enterprise to achieve its goals and plans as much as possible.

scholarly journals ANALISIS PENGELOLAAN MODAL KERJA DAN AKTIVA TETAP TERHADAP KEMAMPULABAAN

2019 ◽  
Author(s):  
Dita Andita Oftayani ◽  
Yoyon Supriadi
Keyword(s):  
Correlation Coefficients ◽  
Fixed Capital ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Fixed Assets ◽  
Simultaneous Testing ◽  
Key Word ◽  
The Relationship ◽  
A Company

Every business has its own different goals, but in generally the success of the business is the main goals. One of the criteria to achieve the business succes is efficiency, it is shown when a company has a high profitability. The effective and efficient working capital and fixed assets management influence the level of profitability achievement in a company.The purpose of this research is to know the effect of capital to profitability, fixed capital to profitability, and the management of working capital and fixed capital to profitability in PT. Kimia Farma Tbk dan PT. Kalbe Farma Tbk. to know the effect of that three variables.And to test the significance of the effect of working capital (NWCTO) and Fixed Capital (FATO) to profitability (NPM) in both companies, the author analyzed and measured the relationship and influence between variables using regression coefficients, correlation coefficients (r) and coefficient determination (r square). Based on the results of this study concluded that partial testing shows that inPT. Kimia Farma Working Capital Management (NWCTO) has a significant influence to Fixed Capital (FATO), and Fixed Capital (FATO) has a significant impact on profitability (NPM). Simultaneous testing shows that working capital (NWCTO) and Fixed Capital (FATO) has a significant impact to profitability (NPM). Meanwhile, partial testing shows that in PT. Kalbe Farma Tbk. Working Capital Management (NWCTO) does not have a significant effect to Fixed Capital (FATO) and for Fixed Capital (FATO) does not have a significant impact on profitability (NPM). ). Simultaneous testing shows that working capital (NWCTO) and Fixed Capital (FATO) does not have a significant impact to profitability (NPM).Key word :working capital management, fixed capital, profitability.

scholarly journals Mechanism of managing expenses and earnings of the industrial enterprise in current market conditions

2018 ◽  
pp. 124-130
Author(s):  
G. L. Andryuk
Keyword(s):  
New Technologies ◽  
Industrial Enterprise ◽  
Raw Material ◽  
Equipment Management ◽  
Accounts Receivable ◽  
Material Resources ◽  
Industrial Enterprises ◽  
Efficient Management ◽  
Fixed Assets ◽  
Turn Over

Today industrial enterprises are facing the problem of efficient management of expenses and earnings, as prospects of enterprise development depend more and more seriously on these figures and factors influencing their change, as well as the degree of managerial impact. The article analyzes key finance tools of managing enterprise expenses and earnings illustrated by the limited company ‘Grantmash’, identifies their basic advantages and shows possibilities of their use in practice of managing industrial enterprise expenses and earnings. The author proposes to introduce principles of thrifty production as the most effective tool of managing expenses and earnings in industrial sphere. Within the frames of this program it is recommended to optimize personnel by cutting human resources being used infectively, to lower labour-intensity of production through introduction of new technologies of mechanization and automation and to upgrade machinery and equipment. Management of the industrial enterprise should take a number of steps aimed at rationalization of using work places and storages, liquidation of extra functions and simplification of document turn-over and accounting scheme. It is also recommended to cut costs of material resources at the expenses of suppliers selling necessary for production resources at lower prices and to take managerial, technical and technological steps, which can raise efficiency of the available raw material basis and cut a proportion of rejects. In order to optimize the value of fixed assets and improving efficiency of their use it is necessary to reduce the volumes of unnecessary raw material and component purchase, to optimize the structure of stocks at storages and the need in certain material and technical items, as well as to take steps aimed at building the system of accounts receivable control.

China's Defence Industrial Base in 1985

2013 ◽  
Vol 214 ◽  
pp. 432-455
Author(s):  
David Bachman
Keyword(s):  
National Economy ◽  
Industrial Sector ◽  
Industrial System ◽  
Industrial Base ◽  
Medium Scale ◽  
Additional Information ◽  
Industrial Enterprises ◽  
Fixed Assets ◽  
The Military

AbstractThis essay assesses various dimensions of China's defence industrial enterprises. It argues that the defence industrial system should be divided into two tiers: tier one, composed of weapons and equipment producers for the military, and tier two, composed of “civilian” industrial enterprises that provided critical inputs for tier one enterprises, and which in national emergencies could be mobilized to produce weapons themselves. In 1985, there were 1,158 tier one defence enterprises and 827 tier two enterprises among China's 8,285 large- and medium-scale enterprises. Additional information is provided on defence enterprise shares of the economy at the provincial and the national levels, on enterprise distribution by industrial sector, and on when enterprises were built. The article attempts to estimate the total number of workers, output value and fixed assets of the defence industrial sector, and their weight in the national economy.

The technological transformation of Russia's industrial sectors: Difficulties and prospects

2020 ◽  
Vol 16 (9) ◽  
pp. 1674-1697
Author(s):  
O.P. Smirnova ◽  
A.O. Ponomareva
Keyword(s):  
Production Method ◽  
Industrial Sector ◽  
The State ◽  
Industrial Complex ◽  
Economic Activities ◽  
Resource Saving ◽  
Technological Transformation ◽  
Modern Approach ◽  
Industrial Enterprises ◽  
Industrial Sectors

Subject. The article focuses on contemporary trends in the industrial and socio-economic development of Russia during the technological transformation of its sectors. Objectives. The study is an attempt to analyze what opportunities and difficulties may arise for the development of the industrial sectors in Russia. We also examine the dynamics of key development indicators of the industrial sectors, point out inhibitors of their competitiveness. Methods. The methodological framework comprises general methods of systems, structural-functional and comprehensive approaches to analyzing economic phenomena. We applied graphic, economic-statistical methods of research, conventional methods of grouping, comparison and generalization, and the logic, systems and statistical analysis. Results. We display how industrial sectors develop over time by type of economic activities. The article provides the rationale for structural rearrangements and further innovation-driven development of the industries. We display that the Russian industries technologically depend om imported production technologies. We substantiate the renewal of assets and technologies at industrial enterprises, and retain and develop human capital. Conclusions and Relevance. Primarily, the Russian economy should be digitalized as a source of the long-term economic growth. Notably, industrial enterprises should replace their linear production method with that of the circular economy and implement resource-saving innovative technologies. The State evidently acts as the leading driver of technological retrofitting of the industrial sector. If the State holds the reasonable and appropriate industrial policy at the federal and regional levels and configure its tools to ensure the modern approach to developing the industries in a competitive fashion, the industrial complex will successfully transform into the innovative economy.

Business Environment in West Bengal: An Ethical Issue

Think India ◽  
2016 ◽  
Vol 19 (1) ◽  
pp. 35-41
Author(s):  
Sreekumar Ray
Keyword(s):  
West Bengal ◽  
Balance Sheet ◽  
Business Environment ◽  
Business Practices ◽  
Ethical Business ◽  
Industrial Growth ◽  
Long Run ◽  
Fixed Assets ◽  
Finance Company ◽  
Set Up

Ethics in Business are keywords in any business environment which are lacking in most of the cases. In a broad sense ethics means not to cheat others and to do the business in an honest way, to abide by the rules and regulations of the soil, and above all to keep the morale high so that the business can grow to a new height in long run. Unfair means and unethical business practices to earn money quickly are often fraught with the danger of losing the business permanently or losing the goodwill and respect of society. West Bengal has got bad reputation for industrial growth and fake chit funds and it has been named as ponzy capital of India by many as 72 out of 86 fake chit funds are in the state of West Bengal (as per the Report of Ministry of Corporate Affairs, Govt. of India). On the other hand the micro finance company Bandhan which has got Banking license last year (set up in 2001 in West Bengal) and Eins Edutech the company which was originally incorporated on March 9, 1983, as Ganpat Udyog in West Bengal are worth mentioning and at ease one can feel proud of them. As on 17th April, 2015 the latter company has got market capital of Rs.700 crore with its fixed assets, as per its balance sheet, as only two cell phones and one printer. As per monthly status of Bandhan in February 2015 it has 2,022 branches, 63,66,269 borrowers, 15,956 staff, loan disbursed for the month Rs.1,572 crores, and loan outstanding Rs.8,908 crores. Under such situation, this study focuses on the ethical business environment prevailing in West Bengal and the strategies adopted by them.

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