Mechanisms of Influence of Intellectual Capital on Production Costs of Industrial Enterprises

This article examines intellectual capital as a factor in increasing the efficiency of managing production costs in industrial enterprises. Its three-component structure, including human, structural, and relational capital, has been revealed. It has been shown that the development of intellectual capital contributes to cost reduction, increasing the innovative potential, and increasing the competitiveness of the enterprise. A conceptual model for its impact on the cost management system has been proposed.