Фінансово-кредитна діяльність: проблеми теорії та практики (Feb 2024)

RE-ENGINEERING OF BUSINESS PROCESSES OF MACHINE-BUILDING ENTERPRISES: INCREASING THE EFFICIENCY OF COMMERCIAL ACTIVITIES

  • Farouq Ahmad Faleh Alazzam,
  • Iryna Safronska,
  • Svitlana Rodchenko,
  • Tetiana Kornieieva,
  • Oleksii Zaiarniuk,
  • Yuriy Kushnir

DOI
https://doi.org/10.55643/fcaptp.1.54.2024.4275
Journal volume & issue
Vol. 1, no. 54

Abstract

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The main purpose of the article is a theoretical and methodological substantiation of the choice of the optimal form of re-engineering for machine-building enterprises in modern conditions of a changing external environment. The object of the study is the business processes, commercial activities and financial potential of machine-building enterprises. The scientific task is to present a modern methodological approach to choosing the form of re-engineering that is better for a mechanical engineering company in the context of its current state. For this purpose, methods of financial analysis, matrix analysis and ranking were used. In addition, such auxiliary methods as graphical and abstract-logical were used. As a result of the research and calculations, a ranking of key indicators of the financial potential of machine-building enterprises was determined and carried out. An approach to determining the level of efficiency of business processes is presented. The author's vision of the matrix for choosing the optimal form of re-engineering is proposed. The practical value of the results obtained is revealed in the possibility of applying the proposed approach in the activities of machine-building enterprises in Ukraine. The study is limited by taking into account the specifics of the activities of machine-building enterprises exclusively when selecting indicators and ranking them. Prospects for further research are considered through the prism of applying the developed methodological approach to other industrial enterprises in Ukraine.

Keywords