Holistic supply chain management: A focused approach

There is a renewal of interest in the financial elements of supply chain management today, reports the Journal of Commerce (JOC). Businesses are using agile, cloud-based technology to optimise working capital and glean liquidity from improvements in supply chain activities. Managers previously immersed in day-to-day operations are beginning to see their role in working capital management take on a new form. They are inspecting the different components of the cash conversion cycle and finding ways to free up cash in the supply chain - a responsibility once reserved for the chief financial officer (CFO). In a rapidly changing global trade environment, organisations must use cash wisely while remaining open to investments that support long-term prosperity - in technology, people, and infrastructure.