INFLUENCE OF LOGISTICS ON PROFITABILITY OF COMMERCIAL COMPANIES

1 ZIMON Grzegorz
Co-authors:
2 ZIMON Dominik
Institutions:
1 Rzeszow University of Technology, Department of Finance, Banking and Accountancy, Rzeszow, Poland
2 Rzeszow University of Technology, Department of Management Systems and Logistics, Rzeszow, Poland
Conference:
Carpathian Logistics Congress, Priessnitz Spa, Jesenik, Czech Republic, EU, November 4th - 6th 2015
Proceedings:
Proceedings Carpathian Logistics Congress
Pages:
565-570
ISBN:
978-80-87294-61-1
ISSN:
2694-9318
Published:
18th April 2016
Proceedings of the conference were published in Web of Science.
Metrics:
453 views / 93 downloads
Abstract

The organization of logistics in commercial companies has a huge impact on their financial results. However, it is very often associated with high costs. The problem in the management of logistics costs is the lack of information in the financial statements on logistics costs. These costs are included in the form of control accounts which are presented in the income statement. Therefore, in order to know the cost of logistics in the enterprise and manage them, it is necessary to use additional accounts. With information on the cost of logistics in a given period one can enter the appropriate solutions that will lead to their optimization. Effective management of costs and their reduction in various areas of companies management will have a positive impact on one of the most important indicators for assessing the activities of the company, which is profitability. Profitability is the basic information about the business operation. This article aims to show the impact of logistics on the ability of businesses to generate profit.

Keywords: logistics, costs, profit, profitability

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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