THE ALGORITHM OF THE FUNCTIONAL AND COST ANALYSIS IN COST MANAGEMENT OF THE EDUCATIONAL INSTITUTIONS ON THE BASIS OF THE SAVINGS

Abstract

Lean production technologies are gradually being introduced into all spheres of life, as well as in the sphere of education. Insufficient funding is one of the problems of educational institutions, so it is important for educational institutions to apply the concept of lean production, which will reduce management losses. Many scientists have paid attention to the development of the concept of lean production. This paper reveals the role and importance of functional-cost analysis in the management of educational institution costs. The main economic prerequisites for the introduction of functional-cost analysis in the practice of the educational institution are analyzed. This method is one of the effective ways to reduce costs. The preconditions for the application of its elements in higher education to support decisions in cost management are assessed. An algorithm for conducting a functional-cost analysis of an educational institution on the basis of thrift is proposed. The differences of this method from traditional methods of economic analysis are described. The scenario of conducting functional-cost analysis in an educational institution is presented. Globalization of the economy makes adjustments to the management system of educational institutions and therefore the application of functional cost analysis in educational institutions can significantly improve their financial condition, reduce unreasonable and irrational costs, improve the quality of training, increase productivity and motivation of employees and teachers. improve the well-being of people and the quality of the environment within the institution, which helps to attract more applicants.