Financial logistics models based on systematic approach improving management solutions

Area of Science:

• Management Science
• Logistics Theory
• Financial Management

Background:

• Firms with growth opportunities may struggle with external finance access.
• Financial inclusion can be improved through strategic management of on-account money reserves.
• Digital transformation and Industry 4.0 present new challenges and opportunities for financial management.

Purpose of the Study:

• Introduce financial logistics as a new theoretical field in management science.
• Develop logistical models for optimum money reserve calculation.
• Explore the application of Industry 4.0 technologies in financial reserve management.

Main Methods:

• Developing logistical models analogous to supply chain storekeeping.
• Applying optimization methods to financial reserve calculations.
• Comparing financial and material resource flow formulas.

Main Results:

• Established monetary reserve models as extensions of supply chain storekeeping models.
• Identified financial logistics as a distinct scientific research area.
• Defined financial logistics based on logistics theory and money demand.

Conclusions:

• Financial logistics is the theory of managing cash flows using logistical models for corporate cash reserve calculation.
• Methodology for studying financial and material resource flows proposed.
• Further research needed to expand financial flow calculations considering market uncertainty.