Controlling as a tool for managing mechanical engineering enterprises

In a dynamic market environment, companies are forced to flexibly transform their organizational architecture by implementing controlling – a comprehensive system of budgeting, management accounting and analysis that optimizes production costs and increases the effectiveness of financial indicators. The article analyzes the implementation of the cost control system in mechanical engineering companies and substantiates its strategic and economic effectiveness. The modern significance of this study is explained by the fact that the knowledge management system, which is an integrated complex of interrelated processes and tools for processing corporate information, is becoming a strategically decisive factor for achieving the competitive goals of a business. Therefore, it is important for executives and managers to competently apply the latest scientific achievements and specialized management techniques that allow them to fully realize the potential of digital progress. This study was aimed at analyzing the practice of using controlling in the management system of an industrial enterprise and developing proposals for the further development of this mechanism; the subject of the analysis was the Kamyshin Plant of Metalworking and Assembly Tools.