Analyzing and Evaluating Economic Indicators and Occupational Safety to Raise Performance Efficiency in Industrial Company: Applied Research in the Babylon Cement Factory

Abstract

Purpose: Using appropriate indicators to evaluate the efficiency of the economic performance and its ability to achieve its basic and planned goals, and the ability to make optimal use of productive capacities, available economic and human resources, in order to achieve profits.

Theoretical framework: The cement industry in Iraq is considered one of the important industries for its role in the economic and development process, Therefore, those in charge of that industry should strive to find adequate and appropriate methods to develop production in quantity and quality to achieve the principle of self-sufficiency, one of the most important of these methods is the subject of evaluating the efficiency of the economic performance of existing projects for Take appropriate decisions that lead to achieving national economic development.

Design/methodology/approach: Babel Cement Factory suffers from the existence of deviations represented in the decrease in the amount of kiln production, the high production costs and the failure to reach the planned production capacities.

Findings: The economic evaluation criteria of the plant indicate that the year 2018 is better than the year 2017, and the reason is the increase in the amount of oil well cement production for the year 2018. The factory was supplied with quantities of clinker prepared from the Kufa Cement Factory, and this measure helped cover 12% of the salaries and wages value for the year 2018.

Research, Practical & Social implications: The processes of analyzing and evaluating economic factors contribute to improving the performance of companies by focusing on critical factors, developing and adopting them according to the requirements of the labor market and fulfilling the local need for the company’s products using advanced environmentally friendly production equipment, as well as contributing to providing a healthy environment for employees and the surrounding communities.

Originality/value: The results indicate the need to pay attention to modern technical developments and to use equipment with high productivity and a quality level that meets the requirements of the local need in construction and reconstruction, and to reduce the potential environmental impacts.