Executive Briefings

Don't Forget the Financial Supply Chain!

The financial aspect of the supply chain is an often-neglected topic when discussing supply chain management. It is left only to the financial department, and everyone else forgets that the whole organization depends on it.

Don't Forget the Financial Supply Chain!

The physical and financial aspects of the supply chain must be integrated to provide a really smooth supply chain management to manufacturers. Managing cash and capital is as important in the equation as managing partner relationships. Thinking of return on investment is important, but so is being careful not to become a cheap (read: low-quality) supply chain. Quality and efficiency must never be compromised.

The smart way to manage the financial supply chain is to get the best quality at the lower possible cost. This requires some specific ability in finance and, most of all, smart thinking and excellent decision making. Then the financial supply chain becomes the spine of a healthy and active organization.

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The physical and financial aspects of the supply chain must be integrated to provide a really smooth supply chain management to manufacturers. Managing cash and capital is as important in the equation as managing partner relationships. Thinking of return on investment is important, but so is being careful not to become a cheap (read: low-quality) supply chain. Quality and efficiency must never be compromised.

The smart way to manage the financial supply chain is to get the best quality at the lower possible cost. This requires some specific ability in finance and, most of all, smart thinking and excellent decision making. Then the financial supply chain becomes the spine of a healthy and active organization.

Read Full Article

Don't Forget the Financial Supply Chain!