Supply Chain Finance: All You Need to Know About It

Supply chain financing, as the name suggests, refers to business funding available to aide the supply chain process of business. It is a technology-based business and financing processes that link the various parties in a transaction—buyer, seller, and financing institution— in order to lower financing costs and improve business efficiency. The primary function of supply chain finance is to provide short-term credit that optimizes working … Continue reading Supply Chain Finance: All You Need to Know About It

Primary Functions of Supply Chain Management You Must Know

Supply chain management, as the name suggests, refers to the management of flow of goods and services. In addition, the process also includes  the management of transformation of raw goods into final product, and its distribution to the dealers so it reaches the end customer. Not just that, SCM also involves the active streamlining of a business’s supply-side activities to maximize customer value and gain … Continue reading Primary Functions of Supply Chain Management You Must Know