Economists Determined Effectiveness of Supply Chain Based on Leasing Process
A new research in logistics, which will help enterprises to determine the effectiveness of supply chains based on the leasing process, has been conducted by specialists from South Ural State University and South Ural State Humanitarian Pedagogical University (SUSHPU). They have proposed new methods that would become a versatile tool for process assessment and management. The research results have been published in the International Journal of Supply Chain Management (indexed in Scopus).
In the modern world, the work of commercial organisations is impossible without logistics. It is this science, which has appeared relatively recently, that ensures the movement and placement of goods within the economic system. The supply chain unites all business processes, thanks to which the goods reach the end user in accordance with the needs of the market with the optimal resources costs.
However, in the methodological aspect of supply chain management, there is a gap in the use of leasing when building efficient supply chains. Leasing is a complex of investment, rental, credit, trade and logistics relations, and it is also one of the elements of supply chain management.
A team of researchers led by a doctoral student from South Ural State University Pavel Riabchuk and his academic advisor, Doctor of Sciences (Economics), Professor, Head of the Department of Financial Technology of the School of Economics and Management Igor Baev, decided to fill the gap in the methodological aspect. Scientists conducted a study in which they described the methodology for assessing and managing the leasing process, taking into account the interests of the lessee and factors of the external and internal environment.
"The research was carried out in two directions. First of all, we offered our own theoretical research based on modern scientific achievements. Then they started testing theoretical assumptions and concepts in practice. Thus, the correctness of the new concepts we put forward was confirmed: they eliminate the shortcomings of the methods used in practice, described in scientific and specialized literature, and bring to a new level the methodological foundations for assessing the efficiency of the supply chain using leasing investment forms, "said Professor Igor Baev.
The method proposed by the researchers is a versatile tool for assessing and managing the leasing process, incorporating the strengths of advanced methods for assessing the effectiveness of a leasing scheme. On its basis, each company, taking into account the results of its activities, will be able to develop its own strategy for managing the leasing process. The method has been tested by modeling cash flows at industrial enterprises in the mechanical engineering sector participating in a large-scale leasing project.
"Industrial investments, including on the basis of leasing, are the basis of import substitution dictated by the challenge of the times. Analysis of the leasing market of the Russian Federation over the past 15 years has contributed to a rethinking of the leasing process management system allows the management of the industrial sector to prioritize the concentration of resources within a given structure-forming space, "added SUSU doctoral student, SUSU Vice-Rector for Economics and Finance Pavel Ryabchuk.
The proposed methodology will not only be useful for assessing the effectiveness of leasing in the supply chain, but will also form the basis for continuing research on this topic by economists.
In the following works on this topic, the researchers intend to identify effective forms of leasing. The developments will be presented during the defense of his doctoral dissertation by Pavel Ryabchuk, which will be held at the SUSU Dissertation Council.
South Ural State University is a university of digital transformations, where innovative research is carried out in most of the priority areas of science and technology development. In accordance with the strategies of scientific and technological development of the Russian Federation, the university is focused on the development of large scientific interdisciplinary projects in the field of digital industry, materials science and ecology. Within the framework of these directions, objects of metallurgy, mechanical engineering, energy, housing and communal services, safe space of urban infrastructure and human comfort are being investigated.
SUSU is a member of the 5-100 Project, which aims to increase the competitiveness of Russian universities among the world's leading research and educational centers.
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Provided by South Ural State University
