Types of resources of the organization

When they talk about an enterprise, they use the concept of "costs". This term refers to the different costs of the organization. The costs are the cost of the resources used by the enterprise. In other words, the costs are based on the application of all that makes up the company's assets.

Enterprise resources and their types

The company uses various means to achieve its goals, meet its needs and the needs of third parties. Types of resources include intangible assets, fixed assets, stocks of goods, raw materials, materials, work in progress, receivables, funds, and so on. Simply put, all these funds are represented in the company's assets.

Types of resources of the enterprise are divided into financial and production.

The first include money, securities, share in the authorized capital of other organizations, financial investments and so on.

The peculiarity of these means is that they can not be used directly in production. Moreover, financial resources can not be created within the enterprise. Their formation and application occurs when the organization interacts with the external environment.

Production means are those types of resources that are used or created (in the process or as a result of production) directly within the organization. These means, in particular, include finished products, in-house services and work, materials, and so on.

If we talk about the successful operation of the company as a whole, then the financial and production types of resources are important.

If more attention is paid to profitability, then in the first place production assets. They have their own classification. In particular, production types of resources can be used and output.

The funds used are applied within the organization and do not go beyond it. These include fixed assets, materials, labor, work and services within the production.

Output assets include finished goods, work in progress, services and work carried out "on the side." In other words, these funds are implemented in the external environment, go beyond the organization.

At the same time, it should be noted that the same assets of the enterprise can be referred to as output, and to the funds used.

The resources used, in turn, are divided into secondary and primary.

The latter include funds coming to the company from the external environment. These include work and services of outside organizations, fuel, labor, materials, raw materials and so on.

Secondary funds are formed within the production. They are mainly attributed to the basic assets formed by the company's own forces, internal work and so on.

The activity of the organization is a continuous cycle of resources. So, financial means pass into production and vice versa. The transformation of means and their movement, the connection of the organization with external actors, experts illustrate with the help of a "transformational" (transitional) process.

In the supply market, the transfer of funds to production is carried out. For example, material is purchased for money.

Within the company, primary resources are transformed into secondary ones. For example, the acquired material is transformed into a part that is subsequently used to create the product (output means).

On the sales market, the output resource is transferred to financial resources. For example, products are sold with a certain delay in payment and are transformed into a financial asset - receivables.