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(IT-NEWSWIRE.COM, March 19, 2018 ) Global Supply Chain Financing Solutions Category - Procurement Market Intelligence Report This report provides a detailed analysis of the supply market, procurement challenges, and procurement best practices which can help in planning and executing category management activities. It also focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
COVERED IN THIS REPORT
According to procurement analysts at Spend Edge, scarcity and rise in cost of capital is increasing the demand for supply chain financing solutions. Additionally, increase in liquidity needs to invest more aggressively in M&A activities, new projects, and innovation are forcing leading finance executives across all businesses to opt for supply chain financing solutions. This helps buyers to unblock millions of dollars to increase the working capital of organizations. Hence, the rise in the cost of capital for organizations across end-user industries has led to an increased demand for supply chain financing solutions. This helps to increase organizations' working capital and provide investment opportunities for their business.
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Category driver
One of the procurement best practices for buyers is to ensure that buyers' workforce receives adequate training and support from service providers. Buyers need to ensure that their workforce and the vendors in the supply chain obtain adequate technology and training support from service providers. This includes the provision of written materials, webcasts, and online training programs to ensure smooth functioning of the supply chain financing process.
Solutions can be categorized into:
Oil and Gas
Mining
Food and Beverage
Construction
Manufacturing
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Such optimization involves lengthening of the payment terms while ensuring that the suppliers are paid advances on time. Moreover, this assists the buyers in optimizing their working capital and helps in generating additional operating cash flows.
Also, these processes assist in minimizing supply chain risks. This upcoming procurement research report, which is part of Spend Edge’s financial services category, would provide actionable insights on the pricing strategies, market drivers, procurement challenges, and the supplier risks in the global supply chain financing market.
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