Logistics costs and their impact on performance
Keywords:
logistics system; performance; digitization; competitive advantage; profit
Abstract
The development of an efficient and effective logistics system within a national economy has a direct impact on the work of enterprises, their management as well as their financial performance. To enable a good logistics system, it is necessary to achieve costs of a different nature, which vary depending on different factors. Logistics costs depend on the activities that the entity undertakes in its operations, that is, which part of the logistics it has in its operations. Globalization and the process of digitization have provided ways to make savings in the logistics costs that can be achieved by exploiting innovative ways of working. Lower costs largely mean a greater competitive advantage for the company as well as a higher profit.
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References
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[4] Horngren, Charles, Srikant Datar, and George Foster. (1997). Managerial Cost Accounting. Upper Saddle River, NJ: Prentice-Hall.
[5] Reynolds, Richard, and K. Celeste Gaspari. 1986. “Cost-Effectiveness Analysis” PRICOR, Monograph Series, Methods Paper No. 2. Chevy Chase, Md.: Center for Human Services.
[6] M. Poliak, J. Hammer, N. Reuter, A. Poliakova (2018) The impact of the transport route on the cost of the transfer. Automotive Safety
[7] M. Poliak, V. Konecny (2008) Factors determining the electronic tolling scope of road network. Journal of Economics, 36, 7
[8] Hovi I.B., Jordbakke D., Pinchasik D., Killi M., Auråen E. (2018) Variability in Transport Time and Demand for Freight Transport in Norway. Institute of Transport Economics, Oslo, Norway TØI Report 1644/2018
[9] Kilibarda M. (2017) SMANJENJE TROŠKOVA U LOGISTICI: Kako racionalizovati sektor transporta? Pluton Logistics, Saobracajni fakultet – Univerzitet Belgrad
[10] Robinson. A., (2017) The Surprisingly Simply Marketing Tactic That Unlocked My Company's
Growth, Inc. (Accessed on 10.12.2021 - https://www.inc.com/adam-robinson/why-i-send-my-company-to200-trade-shows-a-year.html)
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[12] Jenkins, A. (2020) Digital Supply Chain Explained, Oracle NETsuite (Accessed on 10.12.2021 - https://www.netsuite.com/portal/resource/articles/erp/digital-supply-chain.shtml)
[13] Iansiti M., Lakhani. K.,R. (2017), The truth about Blockchain, Harvard Business Review, p. 118-127 ( Accessed on 11.12.2021 - https://hbr.org/2017/01/the-truth-about-blockchain)
[14] The World Bank (Accessed on 11.12.2021 - https://lpi.worldbank.org/about)
[15] Kilpatrick. J., Barter., L. (2021) COVID-19: Managing supply chain risk and disruption. Deloitte
(Accessed on: 03.01.2022 –
https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-COVID-19managing-supply-chain-risk-and-disruption.pdf)
[16] Twinn. I., Qureshi., N., Conde., M., L., Guinea., C., G., Rojas., D., P., Luo., J., Gupta., H. (2020) The impact of Covid-19 on logistics. International Finance Corporation – World Bank
Group (Accessed on 03.01.2022 - https://www.ifc.org/wps/wcm/connect/2d6ec419-41df-46c98b7b-96384cd36ab3/IFC-Covid19-Logistics-final_web.pdf?MOD=AJPERES&CVID=naqOED5)
[17] Chamola V., Vikas H., Vatsal G., Mohsen G. (2020) A Comprehensive Review of the COVID-19 Pandemic and the Role of IoT, Drones, AI, Blockchain, and 5G in Managing Its Impact. IEEE
[18] Nirupam D., Sewani R., Wang J., Tiwari M., K. (2020) Synchronized Truck and Drone
Routing in Package Delivery Logistics. IEEE Transactions on Intelligent Transportation Systems
[19] Singh. S., Kumar R., Panchal R., Tiwar K., M. (2020) Impact of COVID-19 on logistics systems and disruptions in food supply chain. International Journal of production research. Vol.59 (7). p. 1993-2008
Published
2023-03-30
Section
Management and Business
