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On Necessity to Introduce Innovative Production Planning at Russian Metallurgical Enterprises

Table 4:

Basic economic characteristics of innovative production planning introduction Expected outcomes
The required amount of investments to implement the innovative planning process From 0.3 to 0.7% of the actual (depreciated) value of fixed assets of the enterprise
Shipment discipline The increase of this indicator up to 85-90%
Optimization of the volume of the work in progress Reduction of the amount of the work in progress without breaking the rhythm of production (percentage work in progress reduction largely depends on the goals of the company and the characteristics of the technological cycle)
Reduction of the production cycle with the help of reducing non-productive time loss 15-20% of the time
The increase of the output volume without the increase of the production capacity Depending on the needs of the market
Performance of the basic equipment Increase of equipment utilization rate up to 15-20%
The payback period for the implementation of innovative planning system The average payback period duration 1 - 1.5 years
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