Filed in archive
Point of view
by ehsan on January 5, 2007

As a definition, SAP provides this:
Financial supply chain management is the most effective approach to optimize working capital levels, streamline accounts receivable processes, and eliminate excess costs linked to payments.
I think it's all because of the increasing importance of managing cash flow. Running out of money at certain points in time, even though you might have a lot as inventory, has become more probable. And, another thing, I also believe that Financial SCM is beyond some systems to automate monitoring accounts receivables, etc. but a lot about soft skills and negotiation with suppliers to change the terms of contracts.
Am I right?
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Mr Wong
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