OPTIMIZATION OF PRODUCTION COSTS: THEORETICAL AND PRACTICAL APPROACHES
Keywords:
cost of production, cost optimization, management accounting, resource efficiency, digitization, production costs, economic analysis.Abstract
This scientific article deeply studies the issue of optimizing the cost of production. In today’s conditions of globalization, intensifying competition, diversification of production and volatility of resource prices, the economic importance of reducing costs for enterprises is increasing. The study presents the concept of cost, its structural elements, theoretical foundations of optimization, practical mechanisms, and an analysis of foreign experience. The example of Uzbek enterprises highlights current areas of cost reduction, the role of digital technologies, the effectiveness of energy-saving technologies, and the impact of management decisions. The results of the study are of practical importance in strengthening internal economic management at enterprises, increasing profitability and improving production efficiency.
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