FORMATION OF AN ACCOUNTING AND ANALYTICAL SYSTEM FOR MANAGING PRODUCTION STOCKS

Abstract

Inventory management is an important component of effective business operation. However, many companies face problems regarding reliable accounting and rational use of inventories. The purpose is the research and analysis of directions for the formation of an accounting and analytical system for the management of production stocks. In order to achieve the goal, it is proposed to consider the tools for the formation of an accounting and analytical system for the management of production stocks; define different approaches to inventory management; substantiate the importance of implementing accounting and analytical systems for managing production stocks. These areas will contribute to the improvement of practical aspects of inventory management.
 The article analyzes an important aspect of modern management at enterprises, in particular the formation of an accounting and analytical system for effective inventory management. The tools that help create such an inventory management system are considered in detail, various approaches to inventory optimization are defined, and the importance of implementing accounting and analytical systems for effective inventory management is substantiated. It has been proven that one of the key goals of the inventory management strategy is to achieve optimization of their structure which can lead to a significant increase in efficiency without increasing the total amount of inventory. To achieve this goal it is advisable to use the proposed algorithm for managing the inventory structure. Effective management of production stocks, taking into account their structure and relying on this model, will allow enterprises to approach this process with greater strategic importance and awareness, which in turn contributes to increased efficiency and competitiveness in the market.
 For the formation of the accounting and analytical system of management of production stocks, recommendations are highlighted that will contribute to the correct formation of the accounting and analytical system of managing production stocks, which will help reduce the costs of an enterprise, increase efficiency and ensure the proper quality of customer service. It has been proven that the formation of an accounting and analytical system for the management of production stocks is an important task for an enterprise which allows to ensure effective control, optimization and making informed decisions regarding the management of stocks. Such a system helps to increase the competitiveness of an enterprise and ensures its stability in the market. This article is an important source of information for business managers, logistics and inventory management specialists who seek to improve the efficiency of their processes and implement modern accounting and analytical systems for more accurate and strategic inventory management.