THE IMPACT OF INFLATION IN THE PRODUCTION PROCESS OF A SELECTED ENTERPRISE

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63565558" target="_blank" >RIV/70883521:28120/23:63565558 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.7441/dokbat.2023.31" target="_blank" >http://dx.doi.org/10.7441/dokbat.2023.31</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7441/dokbat.2023.31" target="_blank" >10.7441/dokbat.2023.31</a>

Result language

angličtina

Original language name

THE IMPACT OF INFLATION IN THE PRODUCTION PROCESS OF A SELECTED ENTERPRISE

Original language description

The aim of the study is to investigate the impact of inflation in the production process of a selected company in the Czech Republic. In this study, I analyse inflation because the relationship between it and the production process in the enterprise under study remains unclear. The study of the effect of inflation on the production process, which I have analysed step by step, was carried out in a medium-sized Czech engineering company. In my research, I collected and evaluated the main input data of this company, namely the prices of hot rolled sheets for the period 2018 to 2022. 90% of the production of this engineering company is made from the said material. I conducted research on large orders sorted by kilogram prices over time, setting 2018 as the starting date and comparing it to 2022. I also calculated the average inflation over a five-year period (2018 to 2022) and created three possible scenarios for future inflation and hot-rolled sheet prices in my study, including their impact on the corporate economy. I examined how inflation may affect costs associated with materials procurement, manufacturing processes, logistics and other aspects of the production process. The findings revealed gaps regarding the impact of inflation on the entire production process. It is important to note that inflation is not the only factor affecting hot rolled sheet prices and the overall production process. Other factors such as market supply and demand, exchange rates, raw materials and many others play an important role in determining prices and operating costs in the production process. I have also created an implication with a logical statement regarding the increase in inflation and the price of input material, I have elaborated and explained how inflation in the company under study can affect its production process.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

19th International Bata Conference for Ph.D. Students and Young Researcher

ISBN

978-80-7678-194-8

ISSN

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e-ISSN

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Number of pages

23

Pages from-to

415-437

Publisher name

Fakulta managementu a ekonomiky, UTB ve Zlíně

Place of publication

Zlín

Event location

Zlín

Event date

Sep 13, 2023

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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