SUPPLY CHAIN OPTIMIZATION THROUGH EFFECTIVE ACCOUNTS PAYABLE MANAGEMENT
Abstract
The article explores conceptual approaches to optimizing supply chains through effective accounts payable management as a key element of an enterprise’s financial strategy. The analysis of modern theoretical foundations of Supply Chain Finance (SCF) is carried out, which allows integrating financial flows into operational processes to increase liquidity, minimize financial risks, and improve the overall resilience of enterprises to macroeconomic fluctuations. The financial cycle of suppliers and the strategic impact of payment terms on the liquidity of enterprises are studied. It is determined that excessive extension of the accounts payable turnover period creates a cash gap effect, which can lead to a disruption of financial equilibrium and an exacerbation of solvency risks. At the same time, optimizing the DPO (Days Payable Outstanding) indicator allows enterprises to effectively manage financial liabilities, reducing the burden on working capital. The impact of international financial regulation standards, in particular Basel III and IFRS 9, on the transformation of the debt settlement management system is outlined. It is established that the tightening of capital and risk management requirements of banking institutions lead to changes in the terms of lending to corporate clients, which directly affects the financing of supply chains. It is emphasized that in such conditions, companies are forced to look for alternative financial instruments, among which reverse factoring, dynamic discounting of receivables and innovative FinTech solutions play a special role. Particular attention is paid to global trends in the field of financial management of supplier ecosystems. It is revealed that ESG (Environmental, Social, Governance) policy is gradually forming new requirements for the management of financial flows, stimulating the use of green financing to support the sustainability of supply chains. The results of the study prove that effective management of payables in modern conditions requires an integrated approach, including the optimization of financial indicators, strategic management of payment terms, the use of modern digital technologies and adaptation to regulatory changes.
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