Lean production as a factor of effective working capital management of agricultural enterprises

The current crisis situation in the agrarian sector of the economy, which has arisen as a result of the instability of foreign economic relations at the international level, the consequences of a viral pandemic, destabilization of partnerships, changes in price policy influenced the state and development of various sectors and sub-sectors of agriculture. Lack of financial resources leads to the need to search for new directions of the agricultural business development, contributing to the stabilization of the economic situation in the agricultural sector, internal reserves with minimal costs and expenses. One of these reserves is conducting lean production along the entire value chain of an agricultural product. Reducing waste and losses, rational use of working capital, material, labor and financial resources require improving methods and techniques for managing working capital, methodological tools for the formation of costs, reducing production costs and circulation at the stages from the production of agricultural products and bringing it to the consumer in accordance with established product quality standards. To study the lean production problem in this article, its conceptual and criterial characteristics are considered, the theoretical concepts of domestic and foreign scientists are assessed, and practical results are generalized, based on the information from integrated agro-industrial formations. To study the material on the stated problems, the authors used general scientific and applied methods and techniques, inductive methods, statistical method, heuristic methods, methods of comparison and grouping, analysis and generalization. The study used the financial and non-financial statements of enterprises and companies operating in agriculture. The main results of the study are the development of recommendations for the formation of information that contributes to the disclosure of the efficiency of a lean economy, methodological tools for collecting, recording and summarizing information on the occurrence and reduction of waste and losses, the introduction of innovative technologies, disclosure of the agricultural production results, which is necessary for making management decisions taking interests of various stakeholder groups.