RuEn

Journal section "Industrial economics"

Analysis of Transaction Costs in Logistics and the Methodologies for Their Information Reflection for Automotive Companies

Kovrizhnykh O.E., Nechaeva P.A.

2 (44), 2016

Kovrizhnykh O.E., Nechaeva P.A. Analysis of Transaction Costs in Logistics and the Methodologies for Their Information Reflection for Automotive Companies. Economic and Social Changes: Facts, Trends, Forecast, 2016, no. 2 (44), pp. 186-201. DOI: 10.15838/esc.2016.2.44.11

DOI: 10.15838/esc.2016.2.44.11

Abstract   |   Authors   |   References
Transaction costs emerge in different types of logistics activities and influence the material flow and the accompanying financial and information flows; due to this fact, the information support and assessment are important tasks for the enterprise. The paper analyzes transaction costs in logistics for automotive manufacturers; according to the analysis, the level of these costs in any functional area of “logistics supply” ranges from 1.5 to 20%. These are only the official figures of transaction costs of enterprises that do not take into consideration implicit costs. Despite the growing interest in transaction costs in logistics in the latest fifteen years, this topic is covered rather poorly in Russian literature; the definition of “transaction costs” is unclear, there is no technique of their information reflection and assessment. We have developed the methods for information reflection of transaction costs that can be used by automotive enterprises. Each enterprise will have an opportunity to choose the most suitable technique for information reflection of transaction costs or to compare the level of transaction costs when using different techniques. Application of techniques for information reflection of transaction costs allows the enterprises to increase profits by optimizing and reducing costs and using their assets more effectively, to identify possible ways to improve cost parameters of their performance, to improve their efficiency and productivity; to cut out unnecessary or duplicate activities, to optimize the number of staff involved in a particular activity

Keywords

transaction costs, supply logistics, information reflection of costs, logistics costs

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