Economic Security of the Procurement Logistics Link in the Business Process Chain in the Context of Strategic Enterprise Management
Journal: Management of the economy: theory and practice (Vol.16, No. 2024)Publication Date: 2024-12-24
Authors : Zaichenko V. V. Zhurylo I. V. Nisfoyan S. S.;
Page : 131-139
Keywords : economic security; procurement logistics; strategic management; risks; business processes; suppliers; optimization;
Abstract
The article examines the issue of ensuring the economic security of the procurement logistics link within the business process chain of an enterprise under strategic management conditions. The main risks and threats arising in the procurement process are identified, including market price fluctuations, supplier dishonesty, logistical delays, and changes in the regulatory environment. Modern approaches to minimizing these risks are analyzed, including supplier diversification, digital technology implementation, process automation, and advanced methods for assessing counterparties. Special attention is given to the strategic aspects of managing economic security in procurement logistics, particularly the development of a comprehensive risk management policy, the creation of analytical monitoring and threat forecasting systems, and the implementation of an adaptive procurement management strategy. It is proven that effective procurement management enhances enterprise resilience, reduces costs, and ensures competitive advantages. The practical significance of the study lies in the development of recommendations for improving strategic procurement logistics management to enhance the economic security of enterprises in an unstable market environment.
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