Financial Analytics: Science and Experience

Cost management system perfection using the example of compound feed industry

Vol. 10, Iss. 10, OCTOBER 2017

Received: 27 July 2017

Received in revised form: 28 August 2017

Accepted: 4 September 2017

Available online: 16 October 2017


JEL Classification: D24, G39, L69

Pages: 1141–1156

Yakovleva I.V. Orenburg State University, Orenburg, Russian Federation

Importance The article deals with the issues of industrial cost management.
Objectives The article aims to propose a methodology of cost management, taking into account the specific activity of feed industry enterprises, in particular, OAO Orenburg Feed Mill.
Methods For the study, I used dialectical and comparative methods.
Results The article identifies the advantages and shortcomings of the current accounting systems and proposes an efficient cost management system of feed industry enterprises. As well, the article proposes the introduction of the combined cost management model AB Kaizen-Costing, involving flexible planning and cost control based on the specified profit and output target values.
Conclusions The establishment of an efficient feed industry cost management system will provide high income, minimize costs, and find reserves for optimization.

Keywords: cost management, driver, overheads, compound feed industry


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