Further thoughts
A healthy supply chain is an efficient supply chain. When the end to end process is clearly defined, everyone knows the role they have to play in the process, and when they have to play it.
Andy Boadu
Manager of Supply Chain Continuous Improvement | Newmont Corporation
Unlocking working capital is about streamlining systems, being open with suppliers and building mutual relationships. All of which, in turn, helps release capital as efficiently as possible to help the cycle.
Zijian Zheng
Global Planning Manager | Gates Corporation
Fostering mutually beneficial long-term relationships is critical to healthy supply chains. Working capital efficiencies help to mitigate issues, therefore can be correlated to building strong, sustainable and equitable supply chain relationships.
Johanna Bröll
Head of Procurement Financial Contribution | Multinational science and technology company
The trick for us is to minimise demand variability as much as possible. Demand variability even on a weekly basis can have a significant impact in the supply chain, especially when you have scarcity of resources.
Akis Delkis
Chief Financial Officer | Coca-Cola Hellenic Bottling Company
It's about the quality of the relationship with suppliers. It's about trust. It's about ensuring that we treat them in a fair manner and that the conditions with which we work with them are sustainable for all.
Brice Zimmermann
Global Head Treasury | Alcon
In life the key to success is to have the right tool at the right place at the right time. Understanding the demand and the end-to-end value chain is key to ensuring a healthy supply chain. Organisations must get more proactive in looking at the entire value chain and supporting, partnering, and collaborating.
Kellie Degarmo
Director Supply Chain/ Division SCM HVAC | Parker Hannifin
The trend of relying on ultra-low cost sourcing over long distances has squeezed supply chains too much. Many industries have recognized this is not sustainable. Companies are shifting back to a more balanced supply chain.
Gonzalo Herrera
Director Finance Service Centre | Ledcor
I can suggest or recommend using reverse factoring or supplier finance as a tool which would satisfy both parties. Because if you use supplier finance, you, as a buyer, can extend your payment terms and have a better working capital outlook whereas, at the same time, your suppliers who are mostly SMEs have a chance to improve their working capital outlook by having access to relatively cheap funding.
Murat Argun
Head of Structured Trade Finance | OMV AG
When I started, it was very adversarial it was 'us' customers and 'them' suppliers and after 22 years in the business it's starting to change, but it needs to change more. With bigger corporations we need to go to our critical suppliers and address what more we can we do to work together better and how can we help you identify risks in your supply chain.
James Wright
Sr. Manager, Global Capital Procurement - Nitrogen & Phosphate | Nutrien
Sustainability may mean not going for the country with the lowest cost. This will also positively affect our heavy product transport, as it will be much more sustainable.
Mark Philipp Selbach
Functional Head of Mechanical Procurement |
Uniper Kraftwerke GmbH
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