On the eighth day of Christmas my Supply Chain expert gave me tips on how to:
by Kylene Casanova
Improve the reliability of my supply chain by using financing to support all types of suppliers by:
- accepting that many of your suppliers need help in financing their receivables, it is vital to offer a range of supply chain financing solutions because they vary in effectiveness depending on types of supplier and times in the financial year, see:
- remembering that although it is useful to have e-invoicing as part of the dynamic discounting platform it is not essential, see: C2FO is booming globally with four fold increase in working capital flows | C&TM File, How the bidding process works for early discounts in the C2FO market-place | C&TM File
- not forgetting that probably the ultimate receivables collection solution combines three elements, see: Ultimate receivables collection: e-invoicing + direct debiting + dynamic financing | C&TM File
- using receivables securitization as an option in financing the supply chain, see: What treasurers need to know about trade receivables securitisation | C&TM File
- using purchase cards for the ‘long tail’ suppliers to at least offer them immediate payment in return for the p-card charge, see: UK’s government’s innovative Purchase & Pay Solution delivers new levels of procurement efficiency. Is this the coayments
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