by GT Nexus
Authored on: May 03, 2013
There is a renewal of interest in the financial elements of supply chain management today. Businesses are using agile, cloud-based technology to optimize 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 CFO.
In a rapidly changing global trade environment, organizations must use cash wisely while remaining open to investments that support long-term prosperity - in technology, people, and infrastructure. Today, companies are illustrating the importance of a holistic approach to working capital management, embracing new technology while adapting workflow to meet the demands of an agile, global supply chain.