How to Lower Costs, Increase Reliability, and Strengthen Your Supply Chain.
By GT Nexus
July 10, 2017
The Other Side of the Supply Chain
Companies want efficient supply chains, especially now that ecommerce businesses like Amazon have escalated customer expectations for fulfillment in both B2C and B2B.
Capturing market share, whether in retail or manufacturing, now requires fast & low-cost shipping, in-stock inventory, competitive prices, quality products, and the ability to track deliveries in real time.
Supply chain orchestration, consequently, has become the dominant factor in whether or not a company succeeds.
Supply chain managers and executives have started looking for ways to make their global supply chains simultaneously efficient and strong.
However, their efforts mostly concentrate on the physical side of the supply chain: production, inventory, transportation, etc.
The physical supply chain is very important, but there’s another side, the financial side, that is essential not to neglect.
The financial supply chain is equally as valuable as the physical. The way money flows between different trading partners can either cripple or strengthen the entire supply chain.
Money is fundamental for working capital, which covers the cost of essentials like labor and materials. Regardless of whether you are a brand, or a factory, or a raw materials supplier, the simple act of having cash on hand empowers you to operate better.