EFFECTIVENESS OF MATERIAL RESOURCE USE AS A DRIVER OF SUSTAINABLE ECONOMIC DEVELOPMENT
DOI:
https://doi.org/10.37332/Keywords:
material resources, sustainable development, utilization efficiency, management strategies, circular economy, innovative technologies, ERP softwareAbstract
Zheliuk T.L. EFFECTIVENESS OF MATERIAL RESOURCE USE AS A DRIVER OF SUSTAINABLE ECONOMIC DEVELOPMENT
Purpose. The aim of this study is to analyse the efficiency of material resource use as a key driver of sustainable economic development, and to develop recommendations for optimizing the use of material resources in the face of contemporary challenges, with a view to preserving integrity, maintaining ecological balance, and improving the quality of life for the population.
Methodology of research. The methodological basis of the study consists of a set of general scientific methods. Methods of analysis and synthesis were used to assess the current state of material resource use and identify key factors affecting their efficiency. Methods of structuring and systematization were applied in generalizing approaches to the management of material resources in the context of a circular, digital, and innovative economy. The abstract and logical method was used to formulate theoretical generalizations and conclusions regarding the role of resource efficiency as a driver of sustainable economic development.
Findings. It has been established that the efficient use of material resources is a key factor in ensuring sustainable economic development amid global climate, demographic, and security challenges. It has been demonstrated that the rational use of resources contributes to reducing production costs, minimizing negative environmental impacts, and improving the quality of life for the population. Current practices for improving resource efficiency have been analysed through the lens of the circular, digital, and innovative economy, and the role of introducing alternative materials and resource-saving technologies has been identified. It is demonstrated that the use of digital management systems (in particular, ERP solutions) ensures the optimization of planning, inventory management, and demand forecasting, which increases the efficiency of production processes. It is confirmed that innovative technologies allow for greater economic results with a smaller volume of resources used.
Originality. It is substantiated that the efficiency of the use of material resources should be viewed as a systemic driver of sustainable economic development which, unlike traditional approaches, integrates the principles of the circular economy, digitalization, and innovative management, thereby enabling an increase in resource productivity and the environmental sustainability of economic systems. Approaches to material resource management have been improved by combining digital planning tools, resource-efficient technologies, and circular production models. Theoretical provisions regarding the role of innovative technologies in ensuring the optimization of resource use and creating the prerequisites for sustainable economic growth have been further developed.
Practical value. The practical significance lies in the ability of businesses and government agencies to utilize the findings when formulating strategies for the efficient use of material resources. The proposed approaches can be applied to the implementation of resource-saving technologies, the development of circular production models, the digitalization of resource management, as well as in the formulation of sustainable development policies and the enhancement of the economy’s environmental safety.
Key words: material resources, sustainable development, utilization efficiency, management strategies, circular economy, innovative technologies, ERP software.
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