The process of implementing the functions and principles of management occurs in the case of the application of many various methods.
Management methods are, first of all, the totality of all applied rules and methods that affect the managed object in order to achieve the highest performance and obtain effective results for the goals set by the organization.
The very meaning of the word "method - metodis" in Greek means a method that is designed to achieve the goal. With the help of management methods, the task that is set for managerial activity is realized . Describing and justifying management methods, first of all, it is necessary to characterize their orientation, then their organizational form and content.
The directional management methods are focused on the management system - the company, the department, as well as people who are involved in various types of activities in the organization. Organizational form is the impact on a specific situation that has happened.
In practice, in the management process, as usual, different types of methods and their combinations are used simultaneously. No matter what, all management methods almost always complement each other, and are constantly in balance.
It is necessary to pay attention to the fact that in each specific management method, in accordance with certain rules, a clear focus, meaningful content and organizational form are combined.
In the current situation on the market there is quite high competition, as a result of which, in order to achieve positive results, you need to constantly monitor the functionality of your organization.
To achieve maximum efficiency of own enterprise activity, economically competent management of its activity is required. Financial methods of cost management - this is what a qualified financial manager should have, including modern methods of efficient cost allocation in the organization. As a result, being well versed in engineering and technology, the financial manager will be able to easily adapt to any changes in the market situation, plus he will be able to easily find effective solutions and the right answers.
Financial methods of cost management solve numerous problems.
These tasks include:
- calculation and change of norms;
- Creation of planned and reporting costing;
- streamlining the regulatory framework;
- cost accounting for production;
- search for reserves of savings;
- carrying out careful control over the amount of costs.
Cost management methods - their goal is to continuously maintain at a high level the competitiveness of products and at the same time the financial stability of the enterprise.
To effectively and evenly manage costs in the enterprise, you must:
- determine their nature and nature;
- classify them according to specific criteria.
These features provide the ability to set an acceptable or minimum level of costs. And also there will be an opportunity to carry out planning, accounting and control by type of cost. These features and actions allow you to explore the most basic methods of cost management in the enterprise.
As a result, financial cost management methods include:
- taxation;
- planning;
- lending;
- forecasting;
- investing;
- settlement system;
- lending itself;
- self-financing;
- rent;
- material incentives and responsibility;
- collateral operations;
- trust operations;
- insurance;
- leasing;
- factoring;
- fund education;
- transfer operations.
In practice, cost management has stages in it, which, in turn, are characteristic of all management processes without exception.