Integrated assessment of economic efficiency of regional logistics systems of enterprises in grain products sub-complex of AIC of Ukraine
Journal Title: Регіональна Економіка - Year 2016, Vol 80, Issue 2
Abstract
In the real economic systems, along with the factors of production performance evaluation, it is necessary to use the integrated performance indicator, which may be a level of profitability. The study aims to determine the most appropriate type of profitability for assessing the economic efficiency of logistics systems and calculate its index on the example of a representative group of companies, which reflects the logistics system in the grain productive sub-complex of the AIC of Ukraine. <br>International practice of comparing the efficiency of logistics systems was considered and place of Ukraine by logistics performance index (LPI) among the countries was determined. According to the logistics performance index Ukraine in 2014 took the 61st place among 160 countries. The development of logistics in our country is characterized by progressive dynamics and on-time delivery of goods is the most developed component of the national logistics system, and the least developed is the quality of trade and transport infrastructures. <br>Configuration of regional logistics systems in the grain productive subcomplex of AIC of Ukraine was considered and their structural and functional characteristics were presented. The most vividly, in our opinion, the logistics system is represented by the JSC «SFGCU» which is a vertically integrated national operator that provides virtually all logistical functions and owns 10% of elevator capacity of Ukraine, exports through its own port infrastructure 12% of grain and generates 15% of domestic flour, cereals and animal feed supply. <br>Various indicators were characterized and the choice of operating profitability as an integrated performance indicator of the logistics system for the grain productive sub-complex AIC enterprises was grounded. The fact that offered integrated parameter allows to remove the investment and financial activities of branches from the assess orbit, while focusing on the implementation of logistics functions related to the transfer and modification of grain flow, was defined. The tendencies of changes in profitability factors of the grain market in Ukraine were outlined, as well as the integral index of efficiency of the logistics system in a representative group of enterprises – JSC «SFGCU» was calculated. Profitability of the operating corporation is quite high and is characterized by a growing trend. <br>Reducing the world and therefore domestic grain prices during the research period did not affect the logistical component in the grain cost, however, showed the sensitivity to the price fluctuations of agricultural enterprises, where the profitability of grain production for the period decreased significantly. This situation reinforces the confrontation between the spheres of AIC, the result of which may cause the reducing of raw materials parameters and the corresponding deterioration of the logistic system operating parameters in the grain productive sub-complex of AIC of Ukraine.
Authors and Affiliations
Volodymyr A. Kolodiychuk
Keywords
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