Supply Chain Finance Analysis
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 12
Abstract
Supply Chain Finance as an emergent and currently, one of the most viable and plausible financing procedural instruments is not a new conceptual framework. It has been widely noted and acclaimed as an essential aspect of supply chain management and trade finance. The global economic crises have necessitated the urgent consideration and eventual adoption of Supply Chain Finance (SCF). SCF is noted for its capability to collaborate and coordinate trade partners and procedures in order to increase Trade transparency, the shift from paper-laden business documentation to comprehensive sophisticated automation process of concise detailed information exchange and the ultimate dematerialization of the entire supply chain process. The processes involved in a thoroughly comprehensive SCF scheme also reduces trading costs and risks shouldered by all the parties involved in the process. This study attempts to delineate and define the not so obvious but diverse trading efficiencies, value enhancement enjoyed by the users of SCF and the enormous improvement in working capital accessibility and maximization afforded by SCF in the entire supply chain process. It also seeks to highlight some of the major challenges of the SCF system thereby prescribing and providing working innovative but compelling solutions to streamline and ensure the viability and the instrumentation of SCF mechanisms and their capabilities of eradicating trade finance problems faced by various trade partners and companies. This is, by far, a brilliant innovative method of leveraging working capital accessibility and the substantial enhancement of credit ratings and values of the various companies using the SCF system to optimize trade efficiency, predictability and ultimately profitability.
Authors and Affiliations
Jonathan Tchamy, Fu Peihua, Wisdom Osabutey, Wiliam Yoboue
Keywords
Related Articles
- EP ID EP574376
- DOI 10.6007/IJARBSS/v8-i12/5040
- Views 62
- Downloads 0
The Contribution by Sufi Scholars towards Acehnese Art and Culture
Islam is a universal religion and a symbol of beauty that teaches a variety of aspects to its followers. One of the most important aspects and the heart of Islam is tasawuf (Sufism). Besides that, Sufism is capable of pa...
Evaluation of Remote Sensing Principles 1986: The Unsolved Problems
In the collection and dissemination of satellite remote sensing data, discrepancy of principle between principle of common heritage of mankind and principle of sovereignty have always became an issue of dispute. In order...
Religiosity Commitment and Decision-Making Styles Among Generation Y Muslim Consumers in Malaysia
This article examines the influence of religiosity commitment on the decision-making styles of Generation Y Muslim consumers in Malaysia. Both the Religious Commitment Inventory (RCI-10) and the Consumer Styles Inventory...
Inflight Service Quality of Malaysia Airlines: Validation Using SEM and AMOS
This study analysed Malaysia Airlines’ inflight service quality (IFSQUAL) from the perception of passenger satisfaction because it was important to know passenger’s quality perception regarding the airline’s quality impr...
Importance of Customer Knowledge in Business Organizations
Organizations today face major challenges of working to address their data and exploit their knowledge, and strive to support their knowledge base continuously in order to use this knowledge in their interactions with th...