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Holistic Supply Chain Management

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Description

The Omnichannel Retail Supply Chain
A Tactical Approach to Improving Supply Chain Operations with a Focus on Working Capital Management


 

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.

Developed by
Innovative Retail Technologies eZCom EDI Academy