Executive Briefings

Physical and Financial Supply Chains Must Converge

In the world of global trade, the physical, financial and information flows and networks are becoming increasingly intertwined. Traditionally, these disciplines have not understood each other's realms to any significant depth. When supply chains were shorter and more domestic, and more work was done inside the enterprise, companies could get away with limited integration between finance and supply chain.

Now that supply chains are global, lead times elongated, and supply chain costs up, these functions can no longer exist independently. Financial-Supply Chain convergence requires that supply chain personnel and financial personnel start working more closely.

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In the world of global trade, the physical, financial and information flows and networks are becoming increasingly intertwined. Traditionally, these disciplines have not understood each other's realms to any significant depth. When supply chains were shorter and more domestic, and more work was done inside the enterprise, companies could get away with limited integration between finance and supply chain.

Now that supply chains are global, lead times elongated, and supply chain costs up, these functions can no longer exist independently. Financial-Supply Chain convergence requires that supply chain personnel and financial personnel start working more closely.

Read Full Article