Cost optimization on example of hotel-restaurant complex enterprises
Journal Title: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу: міжнародний збірник наукових праць - Year 2017, Vol 37, Issue 2
Abstract
Optimization of costs is important for increasing competitiveness and profitability of the enterprise, therefore, the purpose of the study is to establish and visualize the basis of cost optimization on the example of hotel-restaurant complex enterprises. The essence of cost optimization is investigated through the analysis of the views of various scholars for this purpose. It is established that cost optimization is the process of planning, accounting, analysis, cost control for searching and selecting of the most effective methods of managing of the conditions of limited resources. The author has developed the sequence of cost optimization on the example of enterprises of the hotel-restaurant complex, which helps to structure the process of cost management. In this sequence, there are areas where costs can be reduced, and the technical and economic conditions under which they can be changed. In addition, it is noted that such implementation is important in the cost management at the enterprise. It is also proposed to optimize costs using the simplex method to carry out a quantitative assessment of the quality of services by the qualimetric method. It is noted that it is necessary to form alternative ways of using resources for rational use of scarce resources. The article proposes cost grouping by the XYZ-analysis with individual approaches to cost management, namely, target costing, the theory of constrains, lean manufacturing. For this purpose, the author develops the table that should be filled in to compare which costs and ways can be reduced or replaced. Besides, the author has added recommendations for filling in the table and commented that with this analysis a transaction and unreasonable costs can be controlled. Thus, with such a sequence of actions, redistribution of funds is possible to optimize costs and save money, which can be directed to enterprise development. The conclusion is made of the need of system analysis to use resources efficiently and identify cost savings reserves.
Authors and Affiliations
Ya. V. Volkovska
Keywords
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