ANALYSIS OF THE EFFICIENT USE OF MANUFACTURING RESOURCES / MODELS AND METHODOLOGY FOR ANALYSIS /

Abstract

The efficiency of use of manufacturing resources is a crucial aspect of any enterprise’s business.
Enterprises would not be able to make business if they do not have the necessary manufacturing resources available,
and their financial performance would be adversely affected, i.e. the profit would decrease or the loss would
increase, provided such resources be not used efficiently. Today, this issue becomes even more relevant due to the
effect of the health crisis as a result of the Covid-19 pandemic, which has further caused various problems and crises
in the economic and social development worldwide, due to the price increase of energy resources and other
materials and supplies, due to the military conflict in the vicinity of the territory of Bulgaria, etc. The object of this
study refers to the indicators for analysis and assessment of the efficient use of manufacturing resources. On this
basis, the methods for analysis and assessment of these resources of the enterprise are reviewed.With view of
manufacturing resources available to and used by the enterprise, the change (increase or decrease) of the production
volume is subject to the impact of provision, use and efficient use of:
1) Fixed tangible assets;
2) Materials and
3) Workforce.
The indicators for analysis and assessment of the efficient use of manufacturing resources are relative values. They
may be presented as an output to input ratio or as an input for achievement of the relevant output of the enterprise’s
business. The efficient use of manufacturing resources may be analysed from two perspectives. Firstly, as a separate
object of the analysis, i.e. as a resultative indicator. In other words, the indicators for analysis of the efficient use of
manufacturing resources are studied as resultative values formed and changed under the effect of the relevant direct
factors. Secondly, the indicators for efficient use of manufacturing resources are studied as factors that directly
affect the changes in the volume of production. In this publication the indicators that are typical for the efficient use
of the enterprise’s manufacturing resources are studied exactly from this perspective.
The load ratio and absorption ratio indicators of these resources of the enterprise are used for the analysis and
assessment of efficient use of fixed tangible assets. The efficient use of supplies in the enterprise is analysed and
assessed through the material productivity and material-output ratios, and the efficient use of workforce – through
the labour efficiency indicator.
The author’s aim is to improve the methodology for analysis of the efficient use of manufacturing resources in the
enterprises’ business.