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Physical Resources Prioritization

Author

Listed:
  • T. L. Veynbender

    (Department of Economics and production management Tyumen Industrial University, 38 Volodarskogo St., Tyumen, Russian Federation)

  • V. Kashintseva

    (Department of Physics and construction aerodynamics, National Research University - Moscow State University of Civil Engineering (NRU MGSU), Yaroslavskoye Shosse, 26, Moscow, Russian Federation)

Abstract
In the context of highly competitive environment, enterprises are looking for a way to increase productivity while reducing financial expenses. This situation leads to the fact that manufacturers affect the level of product quality by reducing it for costs reasons. The purpose of this article is to consider an alternative way to save financial resources without compromising the product quality by prioritizing commodities and materials. Thus, we have used a set of methods relevant to the subject matter: abstract-logical, analytical and economic-statistical methods. We have also generalized the experience of domestic and foreign researchers. Oil and Gas Company was considered as an example. Thus, economic benefit in the amount of RUB 4.016.45 million is achieved by accounting for physical resources by priority. The article also provides the examples of a new way to maintain documentation on a priority basis.

Suggested Citation

  • T. L. Veynbender & V. Kashintseva, 2018. "Physical Resources Prioritization," Journal of Mechanical Engineering Research & Developments (JMERD), Zibeline International Publishing, vol. 41(2), pages 75-81, July.
    • Handle: RePEc:zib:zjmerd:v:41:y:2018:i:2:p:75-81
    DOI: 10.26480/jmerd.02.2018.75.81
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    References listed on IDEAS

    as
    1. Nicholas Bloom & Luis Garicano & Raffaella Sadun & John Van Reenen, 2014. "The Distinct Effects of Information Technology and Communication Technology on Firm Organization," Management Science, INFORMS, vol. 60(12), pages 2859-2885, December.
    2. Vladimir Vladimirovich Kolmakov & Aleksandra Grigorievna Polyakova & Vasily Sergeevich Shalaev, 2015. "An Analysis Of The Impact Of Venture Capital Investment On Economic Growth And Innovation: Evidence From The Usa And Russia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 60(207), pages 7-38, September.
    3. repec:zib:zjmerd:2jmerd2018-75-81 is not listed on IDEAS
    4. Cheng Chen, 2015. "Management Quality, Firm Organization and International Trade," 2015 Meeting Papers 53, Society for Economic Dynamics.
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