Modern Methods of Evaluating the Efficiency of Logistics Processes in a Company

The article discusses modern methods of assessing the efficiency of logistics processes, which are one of the most important components of the successful functioning of any company, especially in today's fierce competition and globalization. The article assesses the efficiency of logistics processes, which are an integral part of the company's strategic management and allow ensuring its stable development. The analysis of modern methods for assessing the efficiency of logistics processes in a company has allowed to identify three important tools, such as: data envelopment analysis (DEA), ABC analysis and cost analysis and control method. It is proved that the DEA method can be applied to a wide range of logistics systems, regardless of their complexity and specificity. In addition, DEA allows to identify factors that limit efficiency and develops recommendations for its improvement. The value of ABC analysis is highlighted, which lies in the potential to increase sales volumes by improving the availability of goods that are most valued by customers. An assessment of the efficiency of logistics processes in a company using ABC analysis is proposed. The importance of such a method as cost analysis and control is analyzed. Thanks to a detailed analysis and control of costs, it is possible to identify bottlenecks in the logistics chain, optimize delivery routes, reduce storage costs and increase the efficiency of vehicle use. The author proposes the key stages of the logistics cost analysis based on the “Five Steps” system. It is proved that the joint use of the proposed methods creates synergy, allowing for a deeper and more accurate analysis than when each of them is applied separately. The methods we have studied complement each other, providing company managers with tools for comprehensive analysis and evaluation of logistics efficiency.

Authors

Publication Details

Journal
Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020
Published
2024-10-01
DOI
https://doi.org/10.46783/smart-scm/2024-27-4
Citations
1
Primary Topic
Enterprise Management and Information Systems
Type
article
Field-Weighted Citation Impact
0.73
Controls
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article

Modern Methods of Evaluating the Efficiency of Logistics Processes in a Company

В.В. Давиденко, Ірина Суворова, Oksana Pozniak, Sergey Basanets
1 citations
Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020
Enterprise Management and Information Systems
0.73
article

Modern Methods of Evaluating the Efficiency of Logistics Processes in a Company

В.В. Давиденко, Ірина Суворова, Oksana Pozniak, Sergey Basanets
article en
1 citations

Abstract

The article discusses modern methods of assessing the efficiency of logistics processes, which are one of the most important components of the successful functioning of any company, especially in today's fierce competition and globalization. The article assesses the efficiency of logistics processes, which are an integral part of the company's strategic management and allow ensuring its stable development. The analysis of modern methods for assessing the efficiency of logistics processes in a company has allowed to identify three important tools, such as: data envelopment analysis (DEA), ABC analysis and cost analysis and control method. It is proved that the DEA method can be applied to a wide range of logistics systems, regardless of their complexity and specificity. In addition, DEA allows to identify factors that limit efficiency and develops recommendations for its improvement. The value of ABC analysis is highlighted, which lies in the potential to increase sales volumes by improving the availability of goods that are most valued by customers. An assessment of the efficiency of logistics processes in a company using ABC analysis is proposed. The importance of such a method as cost analysis and control is analyzed. Thanks to a detailed analysis and control of costs, it is possible to identify bottlenecks in the logistics chain, optimize delivery routes, reduce storage costs and increase the efficiency of vehicle use. The author proposes the key stages of the logistics cost analysis based on the “Five Steps” system. It is proved that the joint use of the proposed methods creates synergy, allowing for a deeper and more accurate analysis than when each of them is applied separately. The methods we have studied complement each other, providing company managers with tools for comprehensive analysis and evaluation of logistics efficiency.

Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020(27)
Openalex Percentile: Top 22%
Enterprise Management and Information Systems
0.73
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