Tools for implementing the process approach to cost management in enterprises

Cost management is one of the key tasks of an industrial enterprise. In today’s world, cost reduction helps an enterprise to improve competitiveness, attract more customers and increase profits. Process optimization, efficient resource utilization, market adaptation, and investment in innovation are all made possible through cost reduction. The process management model and principles of lean production are actively promoted and implemented in enterprises across various industries as part of the national project “Labor Productivity”. The synergy of these approaches, along with other modern methodologies and methods, provides a toolkit for the formation and implementation of a comprehensive process-based cost management model in enterprises. The paper presents the results of some enterprises - participants of the national project, proving the effectiveness of the process approach to management. The author identifies key problems and tasks in cost management within enterprises and proposes a toolkit for addressing them.