System analysis in preventive anti-crisis management of textile industry enterprises’ turnover assets

The article presents the developed information and analytical platform for working capital management according to the methodology of a systematic approach, considering the specifics of textile production and modern requirements of preventive crisis management. The project is presented, and an effective algorithm for preventive crisis management of working capital is adapted on the basis of an information and analytical environment using progressive analysis techniques. The author’s approach is presented to the regulation of the analytical information formation in the designated block of anti-crisis management, integrated into the analytical environment of the enterprise through the interrelations and interdependencies of quantitative and qualitative parameters of the use efficiency of working capital. The anti-crisis management project of organization working capital on the basis of a systematic approach allowed to identify the disproportions of individual parameters of the efficiency of working capital management, typical financial problems associated with a high level of operational, including production and financial cycles, which together poses a real threat to the sustainable development of the enterprise (innovation, investment, market and financial stability of development). In addition, due to this project, it became possible to develop a set of interrelated measures to improve the efficiency of working capital management in the format of optimization tasks in the stocks’ regulation of raw materials, finished products, accounts receivable. The results of the analytical study indicate the need to use innovative approaches to managing the turnover of working capital in the production and financial cycles with access to high-margin design solutions for the sustainable development of the enterprise.

1. Berg T., Lyngstadaas H. Working capital management: evidence from Norway. International Journal of Managerial Finance. 2016;12(3):295–313.

2. Chumachenko E.A. Information support for the management of working capital of enterprises. Vestnik TIUiJe. 2016;1(23):34– 38. (In Russian).

3. Datsko E.P., Gnilickaja L.V. The place of analytical support for the management of current assets in the general enterprise management system. Topical issues of modern science. 2013;28:224–232. (In Russian).

4. Gorevaja A.R. Modern methods of managing the company’s working capital. Business education in the knowledge economy. 2017;1(6):19–23. (In Russian).

5. Lavrova V.A. Principles of management of current assets of the enterprise from the point of view of financial management. Bulletin of Science and Education. 2020;12–3(90):50–53. (In Russian).

6. Pavlova Ju. A. Methods and models for analyzing the state of working capital and the effectiveness of the current assets management system of a business organization. Theoretical economics. 2020;8(68):55–64. (In Russian).

7. Savickaja G.V. Problematic aspects of calculating capital turnover indicators. Economic analysis: theory and practice. 2018;5(476):981–986. (In Russian).

8. Sulejmanova A.L., Blazhevich O.G. Estimation of the duration of the operational and financial cycles. Bulletin of Science and Practice. 2016;10(11):203–211. (In Russian).

9. Tereliansky P.V. Decision support systems. Design experience: monograph. Volgograd: VolgSTU; 2009. (In Russian).

10. Tereliansky P.V., Ivanyuk V.A. Theory of systems and system analysis. Successes of modern natural science. 2011;1:152–153. (In Russian).

11. Vajlunova Ju.G. Substantiation of the directions of increasing the competitiveness of textile and clothing production in Belarus based on the development of the concept of the value chain. Bulletin of VSTU.2015;1(28):162–173. (In Russian).

12. Zhambalov Zh.Ch., Goloveckij N.Ja. Working capital in production: analysis and effective use. Bulletin of Eurasian Science. 2019;2:2–9. (In Russian).