MANAGEMENT OF THE FINANCIAL FLOWS OF LOGISTICS SYSTEMS

In the context of globalization and integration of the world economy, the main task of every business entity is to ensure financial stability and security of its operations. The logistics industry is no exception. In such a context, there is a necessity of fundamentally new approaches to the development of an effective system for managing financial flows of logistics systems. The insufficiency of the theoretical and practical study of the problems of managing financial flows of logistics systems, the difficult current economic conditions of management, outlined by the impact of the financial crisis and economic instability, the necessity to manage and control the level of financial stability of logistics enterprises in order to prevent bankruptcy, are the key reasons for the relevance of the study. In article considers issues of management of financial flows of logistics systems. The analysis of management processes in the system of financial activity of the logistics industry has been conducted. It is noted that the relevant aspects of managing the financial flows of logistics systems should include measures to improve the efficiency of using borrowed capital and investment resources. The study theoretically substantiates and solves a set of issues related to the development of an effective concept for managing financial flows of logistics systems under conditions of uncertainty. The analysis of the status and trends in the development of the logistics sector, as well as topical aspects of financial management of logistics enterprises, has allowed to develop a set of measures to improve the system of management of financial flows of logistics systems, which should be implemented on the principles of financial management. The concept of management of financial flows of logistics systems is proposed. A scheme for ensuring the financial security of logistics systems has been developed. The key principles of management of financial flows of logistics systems under conditions of uncertainty are determined. The study made it possible to state that the conceptual approach to managing the financial flows of logistics systems will help to prevent the crisis, increase the efficiency of activities and the successful development of the industry as a whole.

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Publication Details

Journal
Economic scope
Published
2024-11-11
DOI
https://doi.org/10.30838/ep.194.49-54
Primary Topic
Operations Management Techniques
Type
article
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article

MANAGEMENT OF THE FINANCIAL FLOWS OF LOGISTICS SYSTEMS

Лілія Кустріч
Economic scope
Operations Management Techniques
article

MANAGEMENT OF THE FINANCIAL FLOWS OF LOGISTICS SYSTEMS

Лілія Кустріч
article en

Abstract

In the context of globalization and integration of the world economy, the main task of every business entity is to ensure financial stability and security of its operations. The logistics industry is no exception. In such a context, there is a necessity of fundamentally new approaches to the development of an effective system for managing financial flows of logistics systems. The insufficiency of the theoretical and practical study of the problems of managing financial flows of logistics systems, the difficult current economic conditions of management, outlined by the impact of the financial crisis and economic instability, the necessity to manage and control the level of financial stability of logistics enterprises in order to prevent bankruptcy, are the key reasons for the relevance of the study. In article considers issues of management of financial flows of logistics systems. The analysis of management processes in the system of financial activity of the logistics industry has been conducted. It is noted that the relevant aspects of managing the financial flows of logistics systems should include measures to improve the efficiency of using borrowed capital and investment resources. The study theoretically substantiates and solves a set of issues related to the development of an effective concept for managing financial flows of logistics systems under conditions of uncertainty. The analysis of the status and trends in the development of the logistics sector, as well as topical aspects of financial management of logistics enterprises, has allowed to develop a set of measures to improve the system of management of financial flows of logistics systems, which should be implemented on the principles of financial management. The concept of management of financial flows of logistics systems is proposed. A scheme for ensuring the financial security of logistics systems has been developed. The key principles of management of financial flows of logistics systems under conditions of uncertainty are determined. The study made it possible to state that the conceptual approach to managing the financial flows of logistics systems will help to prevent the crisis, increase the efficiency of activities and the successful development of the industry as a whole.

Economic scope(194)
Openalex Percentile: Top 75%
Operations Management Techniques
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MANAGEMENT OF THE FINANCIAL FLOWS OF LOGISTICS SYSTEMS — Лілія Кустріч · Economic scope (2024) | TGRS Research Map | TGRS