Author(s): Sidorova, E. Y., Polezharova, L. V., Muradov, I. V., Savinova, D. K., Lipatova, I. V., & Skryabin, O. O.
The improvement of the process of calculating the capability of manufacturing a new product at the enterprise is described in the study. To achieve high profitability indicators of business processes, their radical redesign is required. For this purpose, reengineering is applied through a process approach to management. The object of the study was Novolipetsk Steel PJSC, the main production site of the international NLMK Group. The presented figures and tables were the result of analytical work performed by a team of researchers. The scientific novelty consisted in clarifying the definition of a business process and developing an economic model for the process of analyzing the capability of manufacturing new products. As a result, the concept of a business process was formulated, an economic model was developed for analyzing the capability of manufacturing new products and the characteristics of this process were identified. The capability of obtaining an economic effect from improving the business process was justified. At the same time, the specified business process was organized from the point of view of a system approach so that it can be replicated in the case of business enlargement in the form of a proven algorithm.