Improving the Organizational and Economic Mechanism for Reducing Production Cost in the Textile Industry

In this article, we will take a detailed look at the organizational and economic mechanisms that can be optimized to reduce production costs in the textile industry. In the course of the study, we analyzed the structure of production costs, identified the factors influencing their formation, and identified ways to use resources effectively. The analysis showed that the main reasons for the cost increase are the high cost of raw materials, high energy consumption, equipment wear and management problems. Optimizing production, implementing digital technologies, recycling waste, and improving energy efficiency can significantly reduce costs. As a result of the analysis of the practical case, it was revealed that the costs can be reduced by an average of 13%. The article also presents evidence-based initiatives and recommendations aimed at optimizing production processes, increasing competitiveness and ensuring sustainable economic growth.