All businesses have some sort of an operating cycle. This is essentially the time it takes from purchasing needed materials or supplies and converting them into a finished product that can be sold. The operating cycle further consists of selling those products and collecting payment for all that effort. Once products are sold and payments collected, the cycle is completed.
As companies continue to struggle with the high cost of bank lending, or even lack of availability, the Working Capital Management – Supply Chain Finance Focus Day will present case studies from the handful of visionary multinational corporations with procurement and finance departments who have combined their efforts to optimise the availability and cost of capital within a buyer-seller relationship.
There are still many multinational corporations out there, who have significantly large or complex supply chains that do not realize the tremendous value waiting to be unlocked in their supply chains through supply chain finance/working capital management. This one day event will showcase presentations from those ahead of the curve, the barriers they faced and how their procurement and finance departments launched working capital management projects which are now adding millions to the bottom line.
Supply Chain Finance can also be known as Supplier Finance or Reverse Factoring. Supply chain finance/working capital management works and delivers optimal results only when there is full synergy and co-operation between the procurement and finance functions. Working capital management refers to the management of current or short-term assets and short-term liabilities. Whilst there are other supply chain finance conferences that examine the issues unilaterally,either from a pure finance or procurement perspective, this is the ONLY full day event delivering brand case studies presented jointly by finance and procurement professionals. They will explain how they’ve leveraged their individual knowledge, expertise and relationships to deliver a value adding supply chain finance project, taking you through the process step by step. For more details please visit our site.
Cinéma
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