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Improvement of Financial Standing of Enterprise by Means of Sourcing Maneuver Model Application

Author

Listed:
  • Ilnour I. Farkhoutdinov*

    (Kazan Federal University, Naberezhnye Chelny Institute, Russia)

  • Alexey G. Isavnin

    (Kazan Federal University, Naberezhnye Chelny Institute, Russia)

Abstract

The most important characteristic of the economic activity of an industrial enterprise is the level of its financial standing. The higher this level, the more attractive is the company for shareholders, banks, service, raw materials and components buyers and suppliers, the more competitive its products are. In recent years, we have seen an unfavorable business climate both in Russia and around the world, which, on the one hand, forces some companies to cut costs or completely withdraw from the market, and on the other, it fosters companies’ attention to creative function, and not only in relation to the products being created, but also to the enterprise management model, the distribution and use of resources. In this connection, the possibility of using sourcing’s technologies in the issue of improving the financial stability of an industrial enterprise through the restructuring of its distribution model and the use of resources is of interest. To achieve this goal, we have used the sourcing’s maneuver model "higher utilization of production areas by providing outsourcing services". The development of proposals for improving the financial standing of the enterprise was carried out through the application of the "direct-hosting" system. In the present work, the authors developed proposals for improving the financial standing of an industrial enterprise through the application of the sourcing’s maneuver model. The results of this work can be useful for further scientific research in the field of economy of sourcing and development of the "direct-hosting" system. They can also be useful for managers of financial and economic units of large industrial enterprises. The developed proposals for improving the financial standing of an industrial enterprise through sorsing maneuver suggest the prospect of further scientific work in the field of forming methodological approaches for making managerial decisions.

Suggested Citation

  • Ilnour I. Farkhoutdinov* & Alexey G. Isavnin, 2018. "Improvement of Financial Standing of Enterprise by Means of Sourcing Maneuver Model Application," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 29-33:5.
    • Handle: RePEc:arp:tjssrr:2018:p:29-33
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    References listed on IDEAS

    as
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    2. Panzar, John C & Willig, Robert D, 1981. "Economies of Scope," American Economic Review, American Economic Association, vol. 71(2), pages 268-272, May.
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