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Supply Chain Finance and its Accounting Treatment
In the modern Supply Chain Finance landscape, Reverse Factoring is one of the most consolidated business model for working capital financing. However, accounting treatment of Reverse Factoring might affect the balance sheet of large corporate, with disruptive consequences for the programme as a whole.
Working Capital Index – Spring 2017
The Lloyds Bank Working Capital Index is a single-figure measure of the momentum change in operational working capital. It is based on data from Markit’s Purchasing Managers’ Index (PMI) surveys, which contain valuable information about pressures on British private sector companies’ current assets and current liabilities from month to month. This provides an opportunity to track working capital trends over time at the macro level The key finding of the first ever Working Capital Index is that British businesses are under significant pressure to increase their working capital. Yet every pound tied up in working capital is a pound that could be invested in other, more productive areas of the business.
Understanding the cost of capital of logistics service providers: an empirical investigation of multiple contingency variables
The article analyzes the influence of company-, industry- and market-related variables on the cost of capital of logistics service providers, as well as on their systematic risk.
Watch the Working Capital of Tier-Two Suppliers: A Financial Perspective of Supply Chain Collaboration in the Automotive
Purpose This paper aims to examine how lack of financial cooperation damages the operational efficiency of supply chains. The thesis is that economic and technological forces are provoking increasing financial tensions that push companies to transfer their credit needs and inventory requirements to their weakest suppliers.
Presentations SCF Forum 2016
Abstract: The 4th annual Supply Chain Finance Forum was a great success. In this document you will find the presentations for which the authors gave permission to share. The 2016 speaker line up brought together the leading experts in supply chain finance from both the corporate and the vendor worlds.
The Role of Factoring for Financing Small and Medium Enterprises
Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier’s accounts receivable and not the supplier’s overall creditworthiness.
A study of the business case for supply chain finance
This report is aimed at CFOs and FDs considering the business case for supply chain finance. It provides a checklist of costs, risks and complications to be considered, and a breakdown of how the benefits from such facilities are distributed.
Trade credit versus bank credit: Evidence from corporate inventory financing
In this study, I introduce capital market imperfections into a structure framework of inventory investments and investigate impacts of trade credit on firms’ inventory dynamics and analyze the relationship between trade credit and bank loans.
Study on Features of Logistics Finance of Supply Chain System and Pledge/Factoring Model
Logistics finance of supply chain system has the openness feature with nonlinear and complexity. The financing effect of supply chain system’s logistics/commercial banks can enhance its effectiveness and gain the appreciation of capital flow and the maximization of system’s financing amount.
Purchase Order Finance Solutions for Companies in Restrucuturing or Turn Around Situations
The article presents purchase order finance solutions for strengthening companies in a restructuring or turnaround situation in the U.S.
Commodity Trade Finance
Commodity trade finance is a financingmethod for commodity producers and commodity traders (e.g. crude oil, natural gas, steamand coking coal, steel and steel products, non-ferrousmetals, cotton, chemical substances, fertilisers, paper, etc.).
Financing the End-to-end Supply Chain
This book provides a detailed introduction to the emerging field of supply chain finance; demonstrating the importance of the strategic relationship between supply chain and financial communities within an organization.
Trade credit for supply chain coordination
Trade-credit is a seller’s short-term loan to the buyer, allowing the buyer to delay payment of an invoice. It has been the largest source of working capital for a majority of business-to-business firms in the United States.
Towards the Circular Economy: Opportunities for the consumer goods sector
The Foundation has turned its focus to ‘fast-moving’ consumer goods, products that typically have a lower unit cost, are bought more often, and have a much shorter service life than durable goods.
The Value of Synergy
Many acquisitions and some large strategic investments are often justified with the argument that they will create synergy. In this paper, we consider the various sources of synergy and categorize them into operating and financial synergies.
Short-term financing in a cash-constrained supply chain
In this paper we consider a two-level supply chain with a single retailer and a manufacturer, where both the firms are facing financial constraints and can not produce/order their optimal quantity. Our work shows that a lender who finances the manufacturer has a motivation to finance the retailer as well.
Project Finance in Theory and Practice – Designing, Structuring, and Financing Private and Public Projects
This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn.
Post-Crisis Emerging Role of the Treasurer
The severe credit crisis began in 2007 in the US and expanded globally in 2008-09. It changed the basics of cash and liquidity management. Pre-crisis we had a situation where access to capital was not a direct bottle-neck even at fairly aggressive leveraged balance sheets and sub investment grade rating.
Operations–finance interface models: A literature review and framework
Natural hedging as a risk prophylaxis and supplier financing instrument in automotive supply chains
Abstract Purpose — Supply chain risks significantly endanger small and medium-sized enterprise (SME-) suppliers in different currency areas in purchasing and sales.
Masters of the Universe: What top finance academics say about the ‘state of the field’
Market-Based Assets and Shareholder Value: A Framework for Analysis
The authors develop a conceptual framework of the marketing-finance interface and discuss its implications for the theory and practice of marketing. The framework proposes that marketing is concerned with the task of developing and managing market-based assets, or assets that arise from the commingling of the firm with entities in its external environment.