Tag: digital transformation

The impact of modern ERP systems on supply chain management

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. The impact of modern ERP systems on supply chain management//Science online: International Scientific e-zine - 2025. - №4. - https://nauka-online.com/en/publications/economy/2025/4/19-7/

Annotation: Amid accelerating global digitalization of business processes, the integration of ERP systems into supply chain management has become a key factor in determining the competitiveness of modern enterprises. The aim of this article is to provide a multifaceted analysis of the transformational impact of enterprise resource planning (ERP) platforms on logistics operations, with a focus on identifying and describing mechanisms that enhance the efficiency of material flows. Ongoing academic debates reveal significant contradictions regarding the optimal level of ERP system customization, the role of the human factor in implementation, and the potential for integration with Industry 4.0 technologies. Based on a structured review of relevant publications, it is observed that the comprehensive integration of ERP platforms into supply chain architecture leads not only to quantitative improvements in operational performance—such as inventory reduction and enhanced forecasting accuracy—but also to a qualitative transformation of managerial paradigms. In this context, the author outlines a perspective on the development of workforce competencies within the digital ecosystem. The content presented in this article is valuable for logistics managers, system integrators, and the academic community engaged in research on the digital transformation of business processes.

The role of executive leadership in transforming financial management practices

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. The role of executive leadership in transforming financial management practices//Science online: International Scientific e-zine - 2025. - №3. - https://nauka-online.com/en/publications/economy/2025/3/13-16/

Annotation: This article investigates the role of executive leadership in transforming financial management practices in global organizations, with a specific focus on the United States and Europe. Drawing on recent academic literature and authoritative consulting reports from the past five years, the study examines how top executives—particularly Chief Financial Officers—drive change through clear vision setting, strategic alignment, technology adoption, process reengineering, and talent development. The comparative analysis highlights common trends, such as a shift toward digital and data-driven financial functions, as well as regional differences in the urgency and methods of transformation. The findings indicate that effective executive leadership is pivotal for overcoming resistance to change, ensuring regulatory compliance, and fostering a culture of continuous improvement. These insights provide both theoretical contributions and practical recommendations for organizations aiming to modernize their financial management in today’s complex business environment.

Digital era: prospects for transformation of the economy and the possibility of information technologies

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. Digital era: prospects for transformation of the economy and the possibility of information technologies//Science online: International Scientific e-zine - 2018. - №12. - https://nauka-online.com/en/publications/economy/2018/12/tsifrovaya-era-perspektivy-transformatsii-ekonomiki-i-vozmozhnosti-informatsionnyh-tehnologij/

Annotation: Concepts of digital economy and digital transformation of economy are characterized; the analysis of trends of development of digital technologies is carried out and their role in development of economy is defined; an assessment is given to the decentralized technologies of the distributed register in transformation of a social and economic system; it is predicted perspectives of digitization of assets and creation of the autonomous decentralized organizations; an assessment is given to digital labor market and a role of the Ukrainian specialists on it; the platform solution as the tool in forming of the intellectual, financial and information capitals for development of a social and economic system in the conditions of global informatization is proposed.

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