OPTIMIZATION OF PRODUCTION ASSET MANAGEMENT TO REDUCE PRODUCT COSTS

The article is devoted to a comprehensive analysis of methods for optimizing the management of production assets in order to reduce the cost of production. The relevance of the work is due to the need to reduce costs, which is an important factor for improving the financial performance and competitiveness of the enterprise in a market economy. The article discusses in detail the concept of cost, as well as its functions, including production control, accounting, optimization of production processes and pricing of products. Cost reduction is considered as the main task for increasing the profit of the enterprise. One of the main methods is to optimize the management of production assets, which is aimed at improving the use of tangible and intangible assets. The authors of the article describe the optimization process, including improvement of depreciation management of fixed assets. Based on the analysis, it is concluded that a systematic approach to the management of production assets helps to reduce costs and improve the financial results of the enterprise, which is confirmed by the results of enterprises in any industry.