Budget efficiency as management technology for trade enterprises
Journal Title: Стратегія економічного розвитку України - Year 2018, Vol 42, Issue
Abstract
The article considers methodological issues of implementing budgeting for trade enterprises in order to determine its effectiveness as a management technology. Applying a comparative and structural analysis of statistical information on balance indicators of the economic activity of companies, it is revealed that for trading enterprises the most urgent management tasks that can be solved with the use of budgeting technology are constant control over the costs of stock formation and management of receivables and payables. The corresponding control is aimed at increasing the liquidity of the enterprise. The authors formulated the definition of budgeting as management technology, which allows to synchronize it with the management system in such key elements as methodology, organization and automation. The effectiveness of budgeting is proposed to be determined through a set of indicators of the rhythm of the supply of goods, based on the rational allocation of the company’s resources in the budget of revenues and costs, and supporting the planned level of solvency in the budget for cash flow. The results of approbation of the proposed methodology in the practice of the Ukrainian trading company are discussed. The results of the implementation of budgeting as management technology were evaluated for this company through the impact on the financial result of such indicators as the conversion of «lost sales», the amount of overdue payables, the level of discounts on basic contracts for replenishment of stocks, the amount of penalties. Areas for further research on the configuration of budgeting at enterprises of various fields of activity, taking into account the specificity of their operating flow.
Authors and Affiliations
Olena Kyzenko, Vitalia Prokopenko
Keywords
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