Physical Resources Prioritization

Author(s): 
T. L. Veynbender†, V. Kashintseva‡

Affiliation(s): 

†Department of Economics and production management, Tyumen Industrial University, 38 Volodarskogo St., Tyumen, Russian Federation,
‡Department of Physics and construction aerodynamics, National Research University – Moscow State University of Civil Engineering (NRU MGSU), Yaroslavskoye Shosse, 26, Moscow, Russian Federation
 
Cite this paper
T. L. Veynbender and V. Kashintseva, “Physical Resources Prioritization”, Journal of Mechanical Engineering Research and Developments, vol. 41, no. 1, pp. 117-124, 2018.  DOI: 10.7508/jmerd.2018.01.014

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.

Keywords : Commodities And Materials; Stock; Oil And Gas Enterprises; Procurement Activity; Cost Efficiency.