ASPECTS OF FINANCIAL FLOW MANAGEMENT IN LOGISTICS
Journal Title: Економіка транспортного комплексу - Year 2018, Vol 31, Issue
Abstract
The article deals with the approaches to the definition of “financial flow”. The analysis of existing approaches allows arriving at a conclusion that all authors agree that the financial flow is associated with material, informational and other flows in the logistics system; it is a movement that occurs within the system itself and beyond. The definition presented by the author complements other definitions with the financial aspects of the flow. The article substantiates and defines the main aspects of managing financial flows in logistics systems. The aspects mentioned concern synchronization in the first place of receipts and payments in the logistic system. Taking into account this aspect will reduce the need of the enterprise in borrowed funds, which will have a positive effect on the financial independence and financial performance of the organization. In logistics systems, there are a large number of mixed flows having dissimilar assessment that makes it difficult to compare these flows for optimization purposes. Therefore, taking into account this aspect will improve the processes of optimization in logistics systems. The lack of optimal composition of the financial flow parameters results in a problem of the complication of assessing financial flows in the presence of a large number of parameters, on the one hand, and reducing the objectivity of such an assessment on the other hand. The peculiarities of individual stages of logistics activity significantly influence the choice of methods of financial flows management. Taking this aspect into ac-count in the management process will reduce expenditures of time and means for optimizing finan-cial flows in logistics systems. Taking into account the aspects identified in the work will allow comprehensively approach to the management of financial flows in logistics systems and improve the efficiency and financial performance of enterprises.
Authors and Affiliations
L. АCHKASOVA
Keywords
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