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Supply Chain Finance: Gaining Control in the Face of Uncertainty
Aberdeen Group, Feb 2011, Pages: 24
Supply Chain Finance is a topic that sits at the heart of the enterprise, with implications extending beyond finance out to every functional area. It is intimately tied to credit decisions, payments, and collection policies, and is impacted by decisions in Finance, Procurement, Sales, Supply Chain, and more.
This study, based on the responses of 145 finance professionals collected in November and December of 2010, examines how Supply Chain Finance is viewed in the marketplace, what it has to offer to those seeking to improve their financial performance, and what responding companies are planning for the future to improve competencies and expand technology adoption.
Key benefits:
- Improve Days Payable Outstanding
- Cut Average Purchasing Costs
- Shorten Cash Conversion Cycles
Aberdeen used the following three key performance criteria to distinguish Best-in-Class companies:
- 6.9 days to process an invoice for payment
- 57.4 days payable outstanding
- 6.5% decrease in average purchasing costs year-over-year
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