Transform Your Supply Chain With 5 Steps
September 20, 2017
How do you transform a supply chain finance program from a supplier early-payment initiative into a powerful working capital solution? The answer is an analysis-driven approach that can be broken down into five steps: Benchmark supplier terms and identify optimization opportunities, prioritize suppliers for program on-boarding, customize your message based on your supplier targets, arm your sourcing team with the right training, tools, and negotiation support, and measure for continuous performance improvement. These steps will allow finance professionals to free the cash hidden in their supply chain.
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