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Financial Flows in the Logistic Activity of an Enterprise

Author

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  • Golofaeva Irina P.

    (Kharkiv National University of Economics)

Abstract

Financial flow could be considered as the most important factor that performs a number of indispensable functions on provision, co-ordination and accounting of movement of resources in the logistical process. Moreover, financial parameters allow determination of economic viability of an enterprise, its stability in the market and also strength of the consumer and supplier interaction. That is why importance of managing financial flows in the logistic system cannot be overestimated. Optimisation of movement of financial flows in logistics is provision of movement of material flows with financial resources in required volumes and terms with the use of the most effective sources of financing. This could be achieved by two main ways: timely receipt of funds by an enterprise in the volume required for its further activity and ensuring effective spending of funds that brings profit and is co-ordinated with the enterprise mission.

Suggested Citation

  • Golofaeva Irina P., 2013. "Financial Flows in the Logistic Activity of an Enterprise," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 8, pages 248-252.
    • Handle: RePEc:idp:bizinf:y:2013:i:8:p:248_252
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