This model is used in macrological systems when the costs of fulfilling an order and checking the actual state of inventory in a warehouse are high, and the procurement period and damage from resource shortages (non-fulfillment of an order) are small.

Another inventory management model, based on the previously discussed models with a fixed order size and with a fixed order frequency, is a model with a set frequency of replenishment of inventory to a constant level. In this model, resources are ordered at regular intervals, but if the actual balance of resources in the warehouse drops to the level of the second bin, an extraordinary order is made. The order quantity is equal to the difference between the maximum order and the actual stock available at the time of ordering or between the maximum stock and the stock at the order point.

The use of this model is advisable when there are significant changes in the need for resources and the need to eliminate the possibility of their shortage before the next delivery date. Implementation of the model requires operational control of inventory availability in the warehouse.

In cases where the nonstationarity or stochasticity of individual parameters of the inventory system cannot be neglected, more complex inventory management models are used, for which Q = var and τ = var.

2. INVENTORY REGULATION SYSTEM WITH A FIXED INVENTORY PERIODICITY

The inventory management model with a fixed order frequency (τ = const, Q = var) is characterized by the fact that resources are ordered and delivered to the warehouse at regular intervals. The features of this model are shown in Fig. 7.

At the time of ordering resources, the availability of stock in the warehouse is checked. The order size is equal to the difference between the fixed required stock and its actual availability

qз = Qmax – Qfact.

Thus, qз is a variable quantity.

In this model, the level of maximum inventory and the period between two adjacent supplies of resources are subject to determination. The maximum stock level in the system should be equal to:

Qmax = qз + Qstr,

and the value of the period between adjacent orders:

τсз = qз / λ.

The use of this model is advisable when establishing regular delivery times and the ability to stock resources in any quantity. The advantage of the model is that when using it there is no need to maintain regular (daily) records of inventory availability in the warehouse. This is only necessary at the time of ordering resources.

Rice. 7. Inventory management model with fixed order frequency

3. PRACTICAL TASK

Determine the transport stock in physical terms if 200 tons of pipes were shipped per quarter, and the average transportation time is 7 days.

Transport stock in physical terms is determined by the formula

Ztr. n. = Zo dn ∙ R,

where Zo dn is the relative supply in days of supply of consumption volume (turnover); P – volume of average daily consumption (vacation) in natural units.

P = 200 tons / 90 days = 2.2 tons per day.

Hence,

Ztr. n. = 2.2 tons per day ∙ 7 days = 15.4 tons.

The transport stock in physical terms is 15.4 tons.

LIST OF SOURCES USED

1. Anikin B. A., Tyapukhin A. P. Commercial logistics: textbook. – M.: TK Welby, Prospekt Publishing House, 2005.

2. Inventory logistics: Workshop for full-time and part-time students of the specialties “Commerce (trade business)” and “Marketing” / Comp. k.e. n., i. O. prof. O. V. Saenko. – Khabarovsk: RIC KhSAEP, 2001.

3. Tretyakov M. M., Khalzova N. A. Commercial logistics: Textbook. allowance. – Khabarovsk: Khabar Publishing House. state tech. University, 2002.

Determining the need for current inventories. Optimization of current inventories

Own standard working capital for raw materials and basic materials is determined by the direct counting method by multiplying the cost of one-day consumption by the stock rate in days. The norm is calculated as the sum of working capital norms in transport, preparatory, technological, current and insurance stocks.

The size of the transport stock is determined as the difference between the time of movement of cargo and the time of document flow, i.e. is equal to the gap time between payment of the invoice and the receipt of raw materials and materials at the enterprise warehouse.

Preparatory stock includes time for acceptance, unloading, sorting, warehousing, and laboratory analysis of raw materials. It is determined by timing these works at enterprises and averages 1–2 days.

Technological reserve is the time required to prepare for production (natural drying of wood in furniture production, aging of metal castings in mechanical engineering, etc.). It is taken into account in cases where its value is greater current stock.

The current (warehouse) stock is the main one when calculating the need for working capital. The amount of the current stock is influenced by the following factors: the length of time the stock is in the warehouse (delivery interval), delivery conditions (frequency, volume of each delivery), schedule for the transfer of materials from the warehouse to production.

With uniform consumption of materials, its value is equal to 50% of the average interval between supplies of raw materials and materials. This is explained by the fact that at the same time, the amount of inventory in some enterprises is maximum (on the day of receipt), while in others it is minimum (on the eve of the arrival of the next batch). With a small range of raw materials and materials and a limited number of suppliers, as well as with an average delivery interval not exceeding 5 days, the working capital rate for the current stock can be increased to 100% of the average interval. The current stock standard is calculated using the following formula:

Ntek = Ic: Oc / 2,

where Oc is the average demand for materials;

Ic – interval between deliveries.

The interval between deliveries is determined as the quotient of the quantity divided calendar days per year (360) by the number of deliveries provided for in supply contracts. When deliveries are relatively equal in volume, excessively large and random small deliveries are excluded from the total quantity.

Safety stock is necessary in case of possible interruptions in supply, transport, or in case of violation of delivery deadlines. Its rate is set at up to 50% of the current stock. With irregular and very frequent deliveries and continuous consumption of materials, the size of the safety stock can be increased. If raw materials come from different suppliers, the sizes of transport stock, the interval between deliveries, and the current stock for the enterprise as a whole are calculated as weighted average values. The total production inventory rate will be equal to the sum of all inventories. As a special case, the size of the production inventory may correspond to the size of the current inventory.

The need for working capital advanced to work-in-process inventories is determined as the product of the cost of one-day costs according to the estimated cost of gross production (commodity output in the mechanical engineering industry) and the working capital norm in days. The rate is determined by multiplying the production cycle duration by the cost increase factor.

The duration of the production cycle (the time from the first technological operation to the acceptance of the finished product) includes the following types of inventories:

Technological (direct processing process);

Transport (time the products lie at work stations);

Turnover (the time spent by products between individual operations and individual workshops due to differences in the rhythms of equipment operation);

Insurance (time spent by products during mass production in the form of a reserve in case of interruptions).

The duration of the production cycle for the enterprise as a whole is calculated as a weighted average. The growth rate reflects the degree of readiness of products and is the ratio of the average cost of work in progress to the total cost of producing finished products. With a uniform increase in costs, it is determined by the formula:

K = Zp + 0.5Zo: C,

where K is the cost increase coefficient;

Zp - one-time (material) costs at the beginning of the production process (costs of the first day of the production cycle);

Zo - all subsequent (increasing) production costs ( wage, depreciation, other overhead expenses);

If there is no uniformity in the increase in costs, then the coefficient is determined according to the sequence schedule of the increase in costs for the main products. When calculating the coefficient, the formula can be used:

K= (C 1 x D-1)+(C 2 x D-2)+(Z 3 x D3)+(Zn x D-n) / Z x D,

where C 1, C 2, C 3…Cn are the costs of individual days of the cycle duration;

D – duration of the production cycle;

C – production cost of production.

For enterprises in which one part of production costs increases evenly throughout the entire duration of the production cycle, and the other - in the form of one-time costs at individual stages of production and, according to the technology conditions, they are made at the beginning of the working day, the cost increase coefficient is determined by the formula:

K = (Zp x C)+(Z 1 x B 1)+(Z 2 x B 2)+(0.5 x Zp x C) / C x C,

where Zp - initial costs;

Z 1, Z 2, etc. - one-time costs at individual stages of production;

B 1, B 2, etc. - time from the moment of one-time costs to the day of completion of production of products;

Зр - costs incurred evenly throughout the entire production cycle;

Ts - duration of the production cycle;

C is the production cost of production.

The need for working capital for finished products is determined as the product of one-day costs for the production of marketable products at production cost and the working capital norm in days. The working capital norm for finished products includes the time for selection, packaging, accumulation, transportation, loading of the required volume of products, issuing payment documents and submitting them to the bank for collection. To characterize working capital as a whole, the total working capital norm in days is calculated. It is determined as the quotient of dividing the total need for working capital by type by one-day costs according to the production cost estimate.

It is proposed to determine the need for monetary assets on the basis of their forthcoming expenditure on calculations of wages (excluding accruals for it); on advance and tax payments; for marketing activities (advertising expenses); for utilities and others.

In the practice of forming monetary assets of newly created enterprises, the need for them is determined in the context of the listed types of payments for the next three months (which ensures a sufficient reserve of solvency at the first stage of the enterprise’s functioning). In the process of subsequent economic activity Standards for assets in monetary form are reduced (especially in conditions of inflation).

It is proposed to calculate the need for other assets using the direct counting method for their individual varieties, taking into account the characteristics of the enterprise being created. Based on the results of the calculations, the total need for current assets of the enterprise is determined by summing up the need for inventories of inventories, monetary assets and other types of current assets.

The task of optimizing the size of current inventories is one of the key tasks of company management. The solution to this problem is the responsibility of not only the financial services of the enterprise, but also requires constant coordination and adjustment of plans and actions of supply, production and sales departments. At the same time, optimization of the amount of inventory in a modern enterprise is carried out within the framework of the production logistics system, the subject of management of which is material flows within the enterprise.

Unlike the traditional production management system, the logistics concept involves the rejection of excess inventory; refusal to manufacture series of parts for which there is no customer order; turning suppliers into partners; elimination of equipment downtime; mandatory elimination of defects. Whereas when traditional system the goal is to maintain by any means the maximum utilization rate of the main equipment; produce products in as large batches as possible; maintain the largest possible supply of material resources.

As part of the logistics approach to material resource management, the so-called “pull” material flow management system is often implemented, when the necessary parts, raw materials or semi-finished products are transferred to the next production site (shop) as needed. At the same time, centralized management determines the task only for the final link of the production technological chain. Each production unit orders necessary materials or semi-finished products from the previous one in the production chain. Thus, the material flow is “pulled out” by each subsequent link.

Such systems include, for example, the “kanban” system (meaning “card” with which an order is made), implemented at Toyota enterprises. It presupposes high supply discipline and personnel responsibility and allows for a significant reduction in production inventories. Toyota's parts inventory for one car is $77. For US car companies this figure is $300. It should be noted that the use of such a “pulling” system in practice is not always possible.

Great importance for development effective systems inventory management enterprises have information Technology. Currently on modern enterprises the second generation MRP (Manufacturing Resource Planning) system (MRP-II) is used, developed in the USA and supported by the American Production and Inventory Control Society (APICS), which regularly publishes the MRP-II Standard System document, which describes the basic requirements for integrated information systems automated production management.

The amount of production inventory depends on the interval of delivery of raw materials and supplies to the warehouse, and the frequency of deliveries is determined by the size of the batch of purchased material. Special models have been developed to determine the optimal volume and frequency of purchases. The most famous model in the theory of financial management is the model of the optimal order batch, called in the literature the R. Wilson formula, or the EOQ (Economic Order Quantity) model, which allows you to determine the fixed size of the ordered batch for the upcoming planning period.

This model is based on the idea of ​​minimizing the total costs associated with order fulfillment and inventory storage in the enterprise warehouse. It is assumed that the costs associated with holding inventories increase as the volume of inventories increases. At the same time, with an increase in the size of the ordered batch of raw materials and supplies, the total annual costs of fulfilling orders decrease. Summing up the costs associated with inventory storage and order fulfillment gives the sum of the enterprise's total operating costs associated with inventory management (Figure 3).

Order size at which total costs reach a minimum, is optimal (EOQ point). The calculation of the optimal size of a batch of purchased raw materials can be made using a formula called the R. Wilson formula:

where EOQ - optimal value purchased batch;

Q is the annual volume of purchased raw materials in physical terms (annual demand for reserves);

F - procurement servicing costs per batch;

H - storage costs as a share of the cost of the average annual current stock.

Costs per order

EOQ

Delivery lot size

Figure 7 - Dependence of total operating costs for inventory management on the size of the delivery lot

Other policies are used in inventory management:

“Batch by batch” policy (“just in time”, JIT (“Just in time”);

Constant interval policy;

Fixed delivery rate policy.

The first assumes that the size and delivery time fully correspond to the magnitude of production needs and the timing of this need. With this policy, no reserves are created. The policy is acceptable for high-value inventories with significant storage costs with low supply costs

The policy of constant intervals involves the formation of order batches of different sizes and the same duration; it is applicable for raw materials and materials, the demand for which is variable in size and time.

The policy of a fixed delivery rhythm is a type of policy of constant intervals, provided that there are no breaks between intervals, i.e. orders of different sizes are carried out rhythmically in accordance with the established delivery interval. This option is most suitable for raw materials and materials, the demand for which is constant and stable. Both of the latter policy options are used primarily for ordering expensive raw materials.

Based on balance sheet dates, the average balances for the year are calculated. It is cleared of excess slow-moving stocks. And we will find out the net remainder.

Stock norm = average balance/one-day consumption of raw materials.

This is a simplified formula.

2. Through the given delivery.

Atypical supplies are excluded from the total volume of receipts in kind.

Cleared Receipts/Number of Typical Deliveries =average supply quantity.

Total revenues/ average value supplies =number of deliveries given.

Example: Total supply volume - 2240 tons

Number of deliveries - 22

atypical: - large - 1 (320 t);

Small - 2 (77 t).

2. If unique types of raw materials are used in production, as well as with a delivery interval of 5 days or less, if transport communication with the supplier turns out to be unreliable, then the safety stock may be more than half of the current stock norm (up to 100%).

III Time for acceptance, storage, control and analysis

There are technological standards for carrying out these processes. If they are not there, then the calculation is made by timing such work. Such work can be performed in parallel.

IV Technological stock

It is taken into account as part of the standard for production reserves when it comes to preparing materials for production (for furniture production, wood must be air-dried for about 2 years).

Funds for standards for a group of materials = received standards/one-day consumption.

The calculation is carried out in tables.

Group of regulated raw materials (materials). HK steel (cold rolled)

name of material (grade, size, type)

one-day consumption

delivery interval

current stock

fear stock

unloading, warehouse

input control and analysis

technol stock

total daily norm

standard Ob. Wed

Total for the group

Z = Sg / one day supply

This takes into account transport stock for all groups Ob. S. or by individual groups (materials will be located outside the enterprise).

To count in days transport stock norm, the average amount of inventory balances en route is determined by balance sheet items.

Transport stock norm = average value of inventory balances / homogeneous actual consumption raw materials and materials in general for the period in which the norm is calculated

It is advisable to show in this table the maximum and minimum inventory values ​​for each specific item, since it is important for us to effectively manage inventory. The minimum value is the calculated rate, increased by the second half of the delivery interval.

The frequency of such calculations is 3-5 years, but the rules and regulations of Ob. are updated annually. C. based on production and supply conditions (new assortment, suppliers, transport conditions, consumption rates, etc. appear).

In addition, they are used in production auxiliary materials. If there are a significant number of them, then the calculation of the stock norm is carried out as for the main ones. If their number is insignificant, then the calculation is made using a simplified method (using the value of average balances).

1.Fuel reserve rationing (solid, liquid), then by direct counting. If it is main gas, then fuel standards and standards are not calculated.

2. Spare parts - the norm is established per 1 million value of fixed assets.

3. IBP . IBPs are divided into several groups:

general purpose tools and devices;

household equipment;

workwear and footwear;

special tools and equipment;

production packaging.

1. The tool in use and in storage is taken into account. In a warehouse, the norm is calculated using the direct counting method. In operation, the calculation is carried out separately:

tools at work places;

tools in workshop dispensing storerooms.

Determination of the standard for households. inventory is carried out in 2 groups:

office;

For office needs, the need is determined based on the number of personnel and the standard supply of this equipment.

In terms of household - by the number of residents in the hostel and by the set of equipment per 1 resident.

According to special The need for devices is determined by the direct counting method.

For production inventory - based on the required set of equipment and its cost.

Determining the need for working capital invested in work in progress.

Work in progress - products at various stages of production. The need for it must be determined to ensure uniform, uninterrupted delivery of products to the warehouse.

The amount of work in progress depends on:

production organizations

production volume

structure of products

the nature of the products being manufactured.

The standard for unfinished production is calculated by groups and types of products for each production department. If the assortment is very wide, then the standard is determined by the main part of the product (70-80% of the total volume).

H = O * T * K, where T * K is the norm,

O - one-day costs according to the production cost estimate. If it is seasonal, then the quarter with the lowest production volume is taken into account when calculating the standard; if it is non-seasonal, then the 4th quarter. In the estimate, the line “Costs on gross output” is taken.

T is the duration of the production cycle in days.

K is the coefficient of increase in costs in work in progress.

T - reflects the time the product remains in work in progress and characterizes the time from the first technological operation to the complete manufacture of the product. This time includes:

technological stock - time of direct processing of products;

transport stock - the time the products remain at the machine before and after processing;

working stock - the time it takes for parts to remain between individual operations due to different rates of equipment operation;

safety stock - in case of an unexpected stop in the production process.

In the case of a wide range of products, the average duration of the production cycle is calculated - a weighted average based on specific gravity each type of product in the total production output and the duration of the production cycle for each product.

T = (30*10+30*8+30*6+10*12)/100=8.4 days.

Cost increase factor.

TO- its definition is necessary, because funds are invested in unfinished production gradually, according to production days. cycle, and not all of their amount is in production throughout the entire production. cycle.

The following options are possible:

costs increase evenly over the days of the production cycle.

costs increase unevenly over the days of the production cycle.

One-time costs - incurred at the beginning of the production cycle (usually material costs).

Increasing costs: salary, depreciation, overhead.

TO reflects the ratio of the production of unfinished production to the planned production of the product.

In practice, k is defined differently (for uniform and uneven increases in costs).

for uniform - K = (З p + 0.5З о)/С

Z p - initial costs incurred on 1 day of production. cycle.

Z about - all subsequent costs included in the production of the product.

C - prod. s/s products.

for uneven - K = (Z p * T + Z 1 *B 1 + Z 2 *B 2 +...+ 0.5Z p *T)/(C*T)

Z p - costs per 1 day of production. cycle.

Z 1,2,... - one-time costs at individual stages of production.

B 1,2,.. - time from the moment of one-time costs to the complete production of the product.

Zp - costs incurred evenly throughout the entire production cycle.

C - production cost.

T is the duration of the production cycle.

All standards for departments of the enterprise are added up and the general standard for work in progress is calculated.

Rationing under the item “Future expenses”

This includes the costs of preparing new types of production and releasing new products;

expenses for mining and preparatory work

expenses for subscription to periodicals.

R b.p. = P n + R P + R With

R n - deferred expenses at the beginning of the plan. accounting period balance or expected performance.

R P - deferred expenses in the planned year.

R With- expenses of future periods, which are supposed to be written off to the cost of production.

Rationing under the article “Finished products”

This is a product that has been completely finished in production and delivered to the warehouse. Transition of working capital from the production stage to the circulation stage.

Reasons for rationing:

the enterprise must carry out certain warehouse, transport and settlement operations for finished products;

To regulate the shipment of products, it is necessary to select products into batches of the appropriate assortment, accumulate batches to the appropriate sizes, time for packaging, loading, transportation, execution of payment documents and handing them over to the bank.

N = O * D, where

O - one-day costs according to the production cost estimate under the item “Production cost” for the corresponding quarter.

D - inventory norm in days, a weighted average value based on inventory norms for individual types of products and their share in the total cost of finished products.

The time spent in the warehouse is measured from the moment the finished product arrives at the warehouse until it is shipped to the buyer. This time is affected by:

transportation conditions;

acquisition conditions;

packaging methods.

After calculating the private working capital standards, the total standard for the enterprise is calculated.

The calculation of the total standard can be shown in the following table:

Negotiable facilities	Standard	Costs for Q4		stock norm	standard per kg.	increase (+), reduction (-) standard
productive reserves
unfinished production
finished products

The enterprise determines the increase or decrease in all items of working capital.

If an increase is planned, then you need to find sources to cover this increase.

If there is a reduction in working capital in the planning year, the company can use it for other needs.

The shortage (surplus) of own working capital is determined by comparing the availability of working capital according to accounting records. balance sheet with the aggregate working capital ratio as of the corresponding reporting date. If the actual availability is less than the standard, then there is a deficiency, on the contrary, a surplus.

Excess working capital serves as a source of covering the increase in the standard in the planning year.

Reasons for lack of working capital:

Dependent on the activities of the enterprise - failure to ensure the safety of its own working capital; loss of profit; working at a loss.

Not dependent on the activities of the enterprise: inflation, crisis of non-payments, decline in production, etc.

IBPs are standardized depending on where they are located:

In a warehouse - the standard is calculated using the direct counting method;

In production.

The peculiarity of rationing liquid raw materials is that in the containers where these raw materials are stored, there is always a non-decreasing supply of raw materials.

The peculiarity of fuel rationing is that all fuel that is transported through pipelines is not subject to rationing. Only solid fuel is regulated.

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Transport stock is not established in cases where the deadline for receiving materials coincides with the deadline for payment of settlement documents or is ahead of it.  

Transport stock is provided when materials are paid for before they arrive at the enterprise. The time for unloading, receiving and warehouse processing of incoming materials is determined on the basis of established standards for these works or the actual time spent.  

The need for transport stock (NJ) is due to the discrepancy between the movement of goods and payment documents in time. In the period between payment of the invoice and receipt of the cargo, the enterprise’s need for resources is covered by the transport stock.  

The amount of transport stock is determined by the time between two subsequent deliveries of material and technical resources. Technological stock is determined by specific production conditions and is calculated based on established standards on the average size shipments.  

The size of transport stocks is determined by many indicators: first of all, the nature of economic relations, delivery speed (time in transit) and the volume of average daily movement of raw materials.  

The transport stock norm is determined by the distance of the enterprise from the supplier, average speed cargo movement and documentation processing time.  

The size of the transport stock in days is determined by the time the materials are in transit from the moment of payment of monetary documents until the day the materials arrive at the association's warehouse. Working capital for transport stock is required if the time spent by material assets in transit exceeds the time of movement of settlement documents. This stock is taken into account when rationing because the association, having received settlement documents, is obliged to pay for material assets within the appropriate period, despite the fact that they are still in transit and cannot be used in production.  

In the form of transport stocks (stocks in transit), there are material resources that are in the process of moving from producer to consumer.  

When calculating transport stock, the period from the date of payment of the invoice (payment request) by the buyer to the date of arrival of the cargo is taken into account. The size of this reserve in days is determined as follows. Based on the logistics plan, suppliers of basic materials, structures and parts are identified. Then, based on the reporting data or through consultations with transport organizations, the duration of the cargo run from each supplier to the consumer is determined.  

When calculating transport stock, the time from the date of payment of the payment request to the date of arrival of the cargo is taken into account. The norm of preparatory (technological) stock includes the time required for acceptance, times: loading, sorting, picking, warehousing and laboratory analysis basic materials, structures and parts, and are determined by established standards or empirical data on the time spent on these types of operations. The size of the current inventory depends on the average daily consumption and frequency of deliveries. The more often materials arrive at construction site, the smaller the current stock should be with an unchanged volume of construction and installation work. The frequency of deliveries is established by contracts or work orders. Warranty (insurance) stock of basic building materials created to prevent consequences possible violations delivery times due to supply disruptions and is set within 50% of the current stock norm.  

Grouped in various ways. Usually isolated two groups, differing by degree of planning: normalized and non-standardized working capital.

Standardized working capital- negotiable production assets and finished products, i.e. working capital in inventory inventories.

Non-standardized working capital- circulation funds are usually not standardized, they include funds in settlements, cash in the cash register of the enterprise and in bank accounts.

Determining the enterprise's need for its own working capital carried out in the process of standardization, i.e. determining the working capital standard.

Rationing of working capital

Rationing of working capital- the process of determining the minimum, but sufficient (for normal flow) amount of working capital at the enterprise, i.e. This establishment of economically justified (planned) stock standards and standards for elements of working capital.

The value of the standard is not constant. The size of own working capital depends on the volume of production; conditions of supply and sales; range of products; applied forms of payment. It should be noted that this is one of the most volatile indicators of current financial activity.

Rationing of working capital is carried out in monetary terms. The basis for determining the need for them is production cost estimate for the planned period. At the same time, for enterprises with non-seasonal nature of production It is advisable to take the data from the 4th quarter as the basis for calculations, in which the production volume is, as a rule, the largest in the annual program. For companies with seasonal nature of production- data from the quarter with the lowest production volume, since the seasonal need for additional working capital is provided by short-term bank loans.

To determine the standard, it is taken into account average daily consumption of standardized elements in monetary terms.

Working capital rationing process

The standardization process consists of several successive stages where private and aggregate standards are established. At first stock standards are being developed for each element of standardized working capital.

Norm- This relative value, which determines the stock of working capital; as a rule, the norms are set in days.

This indicator is relatively stable and may change in the event of: changes; suppliers; technologies and production organization.

Further, based on the stock and consumption rate of this type of inventory, it is determined the amount of working capital required to create normalized reserves for each type of working capital. This is how they are determined private standards.

Standard for a separate element of working capital calculated by the formula:

• N is the standard of own working capital for the element;
• O - turnover (consumption, output) for a given element for the period;
• T is the duration of the period;
• NZ is the working capital stock norm for this element.

Working capital ratio represents the monetary expression of the planned stock of inventory items, the minimum necessary for the normal economic activities of the enterprise.

General working capital standard

General working capital standard consists of the sum of private standards:

N total = N p.z + N n.p + N g.p + N b.r,

• Np.z - production reserve standard;
• Nn.p - work-in-progress standard;
• Ng.p - finished product standard;
• Nb.r is the standard for future expenses.

Inventory standard

The production inventory standard for each type or homogeneous group of materials takes into account the time spent in preparatory, current and safety stocks and can be determined by the formula:

N p.z = Q day (N p.z + N t.3 + N line),

• Q day - average daily consumption of materials;
• N p.z. — norm of preparatory stock, days;
• N t.z. — current stock norm, days;
• N page - safety stock norm, days;

Preparatory stock is associated with the need to receive, unload, sort and store inventory. The time standards required to complete these operations are established for each operation for the average size of delivery based on technological calculations or through timing.

Current stock- the main type of stock necessary for the uninterrupted operation of the enterprise between two next deliveries. The size of the current stock is influenced by the frequency of supplies of materials under contracts and the volume of their consumption in production. The rate of working capital in the current inventory is usually taken in the amount 50% of the average supply cycle, which is due to the supply of materials from several suppliers and at different times.

Technological stock is created in cases where this type raw materials needs pre-treatment or exposure to give it certain . This stock is taken into account if it is not part of the production process. For example, when preparing for the production of certain types of raw materials and materials, time is required for drying, heating, grinding, etc.

Transport stock is created in case of exceeding the terms of cargo turnover compared to the terms of document flow at enterprises located significant distances from suppliers.

Safety stock- the second largest type of reserve, which is created in case of unforeseen deviations in supply and ensures the continuous operation of the enterprise. Safety stock is usually accepted in the amount of 50% of current stock, but may be less than this value depending on the location of suppliers and the likelihood of supply disruptions.

Rationing of work in progress

The value of the working capital standard in work in progress depends on four factors:

• volume and composition of products produced;
• duration;
• production costs;
• the nature of the increase in costs during the production process.

The volume of production directly affects the amount of work in progress: The more products are produced, the larger the work in progress will be.. Changing the composition of manufactured products affects the amount of work in progress in different ways. With an increase in the share of products with a shorter production cycle, the volume of work in progress will decrease, and vice versa.

Standardization methods

The following methods of rationing working capital are distinguished:

Direct counting method provides for a reasonable calculation of reserves for each element of working capital, taking into account all changes in the level of organizational and technical development of the enterprise. This method is very labor-intensive, but it allows you to most accurately calculate the company's need for working capital.

Analytical method is applied in the case when in the planning period there are no significant changes in the operating conditions of the enterprise compared to the previous one. In this case, the calculation of the standard working capital is carried out on an aggregate basis, taking into account the relationship between the growth rate of production volume and the size of the normalized working capital in the previous period.

With the coefficient method new standard determined on the basis of the standard of the previous period by introducing changes into it taking into account production conditions; supplies; sales of products; calculations.

In practice, the most common method is direct counting. The advantage of this method is its reliability, which allows you to make the most accurate calculations private and aggregate standards.