Sustainable Supply Chain Strategies: Managing Working Capital
Blog by Julie Urlaub, Founder and Managing Partner at Taiga Company
Armed with a solid business plan and stable operation, a company should be able to operate without concern. However executives, especially in the last few years, have found themselves short on cash and searching for funds to keep projects and operations running. For this very reason, these business leaders and corresponding CFOs now look to the supply chain for answers.New research from CFO Research Services and Prime Revenue offers some insights into the role working capital management can play in sustainable supply chain management. The report, Strengthening Supplier Relationships Through Supply Chain Finance, defines how working capital management can decrease supply chain risk and free up cash. Highlights from the report include: • Most finance executives are focused on working capital management as a key component of their growth strategy, with 81 percent stating it as a high priority. • Of the three levers of operating working capital, two (Inventory and Payables) require working with suppliers and finance executives recognize this as 73 percent of respondents said supplier relationships are also a top corporate priority. • 82 percent of respondents have either deployed Supply Chain Finance or are considering doing so. Click here to continue reading.
Home to one third of the earth's trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company's vision to drive similar change in the business world. Taiga Company seeks to be the "oxygen for your business".TAIG11337