Abstract

The modern mining industry is full of unique solutions for the implementation of key performance indicators accounting. The task of the mining enterprise, like any business, is to make a profit. An important role in assessing the performance of a mining enterprise is played by performance indicators combined into a system called KPI. The system for setting and recording key indicators developed by specialists from the D.A. Kunaev Institute of Mining The main task of this system of indicators is to assess the effectiveness of the company, aimed at achieving the main strategic goals and objectives. Thanks to the system of setting and recording key indicators, it is possible to assess the strengths and weaknesses of the enterprise, as well as understand what factors negatively affect and inhibit the development process. The use of the system for setting and recording key performance indicators allows:  To ensure transparency and predictability of technological and organizational processes of the company due to a properly built process of digitalization of the system for setting and recording key indicators.  To assess the quality of work of each employee / project / company.  To focus the activities of all departments on priority tasks.  To form an honest and effective system of staff motivation to achieve super-results.  To increase the level of responsibility for the result of each employee involved in the project.  When dismissing or replacing specialists, to use the accumulated information to train new employees in the workplace. To implement this accounting, in the process of designing the system, universal digital technologies were integrated, which made it possible to keep records of inventories, determine the positioning of personnel, etc. It should be noted that the project for the implementation of this system in small, medium and large businesses will have its own characteristics and priorities.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call