1. Home
  2. Trade & FSC Management
  3. Trade Finance

Practical advice for implementing a supply chain financing programme

Peter Davidsson, Whirlpool's European Treasury Director, gave an important presentation at Eurofinance's October 2011 International Conference in Rome on implementing a supply-chain financing programme. His conclusions, based on Whirlpool's experience in implementing supply chain financing programme in US, Canada, Mexico Italy, Poland, Slovakia, France and Germany, were that to run a successful supply chain financing programme companies need to ensure that:

  • the supply financing programme is a General Management project because it requires strong leadership throughout the organization and can take more time then anticipated.
  • there is careful coordination between all parties involved in order to ensure positive WC effect.
  • accountants are involved early in the process to review contract to ensure proper accounting treatment
  • efficient processes are worked out before on-boarding suppliers, which includes a file transfer and automatic matching process
  • there is a clear strategy on which suppliers to include and at what price
  • only platform supplier(s) and/or banks are used that can actively support the implementation process with local understanding, language skills, established name, etc.


Excellent advice.

Like this item? Get our Weekly Update newsletter. Subscribe today

This item appears in the following sections:
Trade & FSC Management
Trade Finance


No comment yet, why not be the first?

Add a comment

New comment submissions are moderated.