Improvement of Methods of Analysis of Effectiveness of Stock Management at Industrial Enterprises
The article views methods of analysis of effectiveness of functioning of a stock management system and determines differences in approaches to management of stock of particular departments of industrial enterprises. Various methodologies of stock analysis
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Abstract The article views methods of analysis of effectiveness of functioning of a stock management system and determines differences in approaches to management of stock of particular departments of industrial enterprises. Various methodologies of stock analysis are studied which are used at present. Main stages of conduct of analysis of effectiveness of stock management are determined. Based on this, analysis of effectiveness of the system of stock management at industrial enterprises is performed (by the example of enterprises of cellulose and paper industry). For the purpose of evaluation of influence of stock management at assets profitability, a three-factor model is offered which allows assessing the influence of effectiveness of stock management on the results of activities of an industrial enterprise on the whole.
1 Introduction Reduction of demand for paper products in the EU countries, growth of the volume of imported goods, and increase of production capacities in Asian countries, together with relatively low prices for realization increase negative consequences of the global economic crisis, which leads to quick growth of expenditures of cellulose and paper enterprises as compared to growth of their revenues, reduction of income, and, as a consequence, of investment activity. These negative tendencies actualize the issue of search for possible ways for reduction of costs of current financing of business. Due to that, provision of competitiveness, reduction of costs, T. Tereshkina (*) • E. Drevaleva St. Petersburg State Technological University of Plant Polymers, St. Petersburg, Russia e-mail: [email protected]; [email protected] S. Tereshchenko S.M. Kirov St. Petersburg State University of Forest Engineering, St. Petersburg, Russia e-mail: [email protected] T. Bezrukova • O. Pecherskaya G.F. Morozov Voronezh State University of Forestry and Technologies, Voronezh, Russia e-mail: [email protected]; [email protected] © Springer International Publishing AG 2017 E.G. Popkova et al. (eds.), Integration and Clustering for Sustainable Economic Growth, Contributions to Economics, DOI 10.1007/978-3-319-45462-7_45
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and increase of quality of products manufactured at cellulose and paper enterprises (CPE) require effective use of their turnover assets. A significant role in the structure of turnover assets and reduction of costs of enterprises of CPE belongs to stock. A significant volume of assets invested into stock makes the issues of managing them of the top-priority. The situation at CPE causes necessity for formation of new approaches to improvement of methods of analysis of efficiency of stock management, as one of the most important conditions for increase of efficiency of business on the whole.
2 Methods of Analysis of Efficiency of Stock Management at Industrial Enterprise The issue of stock management has many aspects and is topical for a large number of departments of any enterprise. Thus, the purchase department influences the volume of stock of raw materials, pr
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