MANAGEMENT OF FINANCIAL FLOWS IN LOGISTICS SYSTEMS IN THE POST-CRISIS PERIOD

Abstract

The article is devoted to the investigation of the issue of implementation of financial management system in logistics systems in the post-crisis period. Based on the conducted research it was found that currently the economical situation in Ukraine is extremely difficult. It was found that in 2014 the economy of Ukraine functioned in the conditions of hybrid war with Russia, and, having shown relative stability, quickly moved from the phase of crisis to the phase of recovery growth. But as a result of the full-scale war in February 2022, the Ukrainian economy was again negatively affected, many enterprises found themselves in a situation where the problems of functioning of market participants led to disruptions in the logistics sector. It is noted that not only the continuity of economic activity of enterprises but also the achievement of strategic goals depends on the development and implementation of efficient methods of financial flows management. In the course of a survey the issue of the status of logistics activities in Ukraine under the conditions of crisis has been studied. The problems in the field of logistics activities were highlighted and analyzed. It has been stated that after the economy of Ukraine recovers from the consequences of the war, logistics activities will encounter a range of significant problems resulting in the necessity to improve the financial aspects of the activity, in particular, to reduce the added value and optimize supply chains. Thuswise, all participants of the logistics process will have to enhance financial stability without reducing their economic efficiency. The definitions of "financial stability" and "financial flow" have been decomposed. It is grounded that the efficiency of the logistics system activity is largely determined by the rationalization of financial flows and their harmonious combination with material, information and service flows. The main conditions of financial stability are determined and the principles of improving the system of financial flows management in logistics systems in the post-crisis period are decomposed. As a conclusion, it was specified that in order to manage financial flows in logistics systems in the post-crisis period, the company needs to understand possible risks, know its weaknesses and calculate potential expenses and losses. Comprehension of such consequences is possible under the condition of using innovative programs and technologies based on analytical data of the enterprise's activity in the present time and projecting activities for future periods.