THE IMPACT OF REDUCING PRODUCTION COSTS AND IMPROVING MANAGEMENT SYSTEMS ON ECONOMIC GROWTH
DOI:
https://doi.org/10.5281/zenodo.20384750Keywords:
production costs, economic growth, strategic management, competitiveness, lean management, digitalization, energy efficiency, innovative management, logistics optimization, economic stability, investment attractiveness, industrial transformation.Abstract
This article analyzes the theoretical and practical impact of reducing production costs and modern changes in management systems on economic growth. During the research, the main directions of optimizing production costs, including improving energy efficiency, digitalization, logistics optimization, and localization, as well as their impact on economic efficiency, were examined. In addition, the significance of lean management, kaizen, and automated management systems in enterprise activities, as well as their role in increasing operational efficiency, profit margins, and investment attractiveness, was highlighted. Based on international and national experiences, the article analyzes the influence of the competitive environment, innovations, and effective management systems on economic stability and GDP growth rates. The research findings demonstrate that the strategic management of production costs is one of the important factors in enhancing the competitiveness of the national economy.
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