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Vol 12, Issue 1, 2022
Pages: 179 - 187
Review Scientific Paper
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Received: >> Accepted: >> Published: 05.06.2022. Review Scientific Paper

COST MANAGEMENT USING ERP SOFWARE FOR MORE EFFICIENT BUSINESS IN THE INDUSTRIAL SECTOR OF SERBIA

By
Milica Ničić ,
Milica Ničić

Preschool Teacher Training and Bussines Informatics College of Aplied Studies Sirmium , Sremska Mitrovica , Serbia

Dragan Dukić ,
Dragan Dukić

Preschool Teacher Training and Bussines Informatics College of Aplied Studies Sirmium , Sremska Mitrovica , Serbia

Dragan Rastovac
Dragan Rastovac

Preschool Teacher Training and Bussines Informatics College of Aplied Studies Sirmium , Sremska Mitrovica , Serbia

Abstract

 Reindustrialization is of particular importance for securing the conditions for growth and development of the economies of Southeast European countries, including Serbia, which have undergone a difficult period of transition and privatization. The rapid effects of accelerated reindustrialization are evident not only in the form of job creation and increase in population employment, but also in raising living standards and strengthening the competitiveness of the country's economy. Keeping pace in the field of industry with developed companies in the world today implies that the management and leaders of companies put the main emphasis in business on the introduction of continuous change and innovative development projects through cost rationalization for: research, development, production, marketing and quality assurance. The aim of the authors is to point out the importance of market-oriented behavior in the planned preparation of production, with an emphasis on the efficient use of factors of production and management of depreciation of labor resources, knowing that they base affect the business profitability. In addition, the paper highlights the importance of systematically monitoring the depreciation costs of labor resources and their timely replacement with the advantages of application of the Calculus 12 ERP program, which is used to manage the fixed asset costs in order to operate more efficiently in the industrial sector of Serbia 

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