Method of Assessing The Effectiveness of Resource Use of Industrial Enterprises
Abstract
Efficient resource utilization is a crucial determinant of industrial enterprises' economic performance, particularly in resource-limited environments. The ability of enterprises to manage material, labor, and financial resources effectively influences their market competitiveness and sustainability. Despite existing methodologies, there is a need for a comprehensive, index-based assessment method that holistically evaluates resource use efficiency across multiple dimensions. This study aims to develop an index-based approach for assessing the efficiency of resource utilization in industrial enterprises, integrating material, labor, and financial resource evaluation. The study proposes a methodological framework incorporating index assessments for growth rates of resource utilization, measuring changes in productivity, cost efficiency, and financial performance. It introduces a cumulative integral indicator to quantify resource potential. Unlike traditional methods, the proposed index-based approach offers a dynamic, flexible evaluation mechanism that enables comparative analysis across different time periods and enterprises. The findings provide industrial enterprises with a strategic decision-making tool for optimizing resource use, improving efficiency, and enhancing financial sustainability. The methodology facilitates better resource allocation and management, contributing to long-term business growth and economic resilience.
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