Measuring Efficiency in Rationalizing the Allocation of Available Resources and the Efficiency of Logistic Processes

Robert Dmuchowski ()
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Robert Dmuchowski: Olsztyn University, Olsztyn, Poland

Oblik i finansi, 2021, issue 2, 116-123

Abstract: Enterprises must introduce various changes in their activities, for the purposes they pursue, structures and processes. Business adapts to the external environment that imposes restrictions, forces specific actions aimed at more rational use of resources. Business entities implement innovative ideas in the field of creating new products, manufacturing processes, organizational changes, improving the quality and efficiency of production or services. All these activities are extremely costly, but at the same time necessary for development or survival in a competitive market. Organizations in which the main management strategy is the concept of logistics management, in their activities focus on the improvement of logistics processes in such a way that the unit logistic costs are as low as possible. Measurement of the effectiveness of activities undertaken by economic entities is a standard procedure that allows for a rational allocation of available resources. High efficiency of activities justifies their further intensification, while low efficiency is a warning signal indicating their reduction or even discontinuation. The purpose of the article is to present the logistics system efficiency indicators that can be used to assess the benefits achieved by organizational entities as a result of optimizing logistics processes. The starting point for the considerations of the presented study is the assumption that the concept of logistics management is the main strategy of the company, and the optimization of logistics processes in the entire supply chain brings economic benefits - greater profitability of projects, and image benefits - better quality of products and services provided. The basic scientific inquiry, not only for the purposes of this thesis, but also the knowledge necessary for managers, is the measurement of this effectiveness.

Keywords: logistic processes; competitiveness; efficiency; ratio analysis (search for similar items in EconPapers)
JEL-codes: C61 C83 D24 D61 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:iaf:journl:y:2021:i:2:p:116-123

DOI: 10.33146/2307-9878-2021-2(92)-116-123

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