When working capital gets trapped in inefficient supply chains, the impact on overall sourcing costs can be significant, so it is important to look closely at your financial supply chain.
Is it closely integrated with the physical supply chain? Are you using technology to full advantage to match information and ensure flawless delivery every time?
And is the cost of financing your supply chain competitive? Today, there are innovative financing solutions for each stage of the supply chain – from raw-material suppliers to end users.
A collaborative approach and regular dialogue between the procurement team, the company treasury or finance department and banking providers can really make a difference to the bottom line.
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