Improving the Application of Financial Measures in Supply Chain Management

Abstract : Many companies (especially SMEs) still feel poorly prepared and notice a deficiency of financial know-how when facing situations such as limitations in working capital. To reduce the amount of capital employed, close linkage of financial measures to the daily operations within the companies is required. Yet, supply chain performance measures are often not directly linked to overall financial targets (e.g. cost of capital vs. service level). This paper proposes taking financial parameters into consideration when making supply chain management decisions. It outlines supply chain finance (SCF) solutions available to bigger corporates, analyses current financial metrics for supply chain management and proposes concepts for a greater linkage between finance and supply chain performance measures. Finally, this paper will also reveal gaps where current concepts and metrics have limitations and future research is needed.
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Christos Emmanouilidis; Marco Taisch; Dimitris Kiritsis. 19th Advances in Production Management Systems (APMS), Sep 2012, Rhodes, Greece. Springer, IFIP Advances in Information and Communication Technology, AICT-398 (Part II), pp.584-591, 2013, Advances in Production Management Systems. Competitive Manufacturing for Innovative Products and Services. 〈10.1007/978-3-642-40361-3_74〉
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Felix Friemann, Matthias Wandfluh, Paul Schönsleben, Robert Alard. Improving the Application of Financial Measures in Supply Chain Management. Christos Emmanouilidis; Marco Taisch; Dimitris Kiritsis. 19th Advances in Production Management Systems (APMS), Sep 2012, Rhodes, Greece. Springer, IFIP Advances in Information and Communication Technology, AICT-398 (Part II), pp.584-591, 2013, Advances in Production Management Systems. Competitive Manufacturing for Innovative Products and Services. 〈10.1007/978-3-642-40361-3_74〉. 〈hal-01470671〉

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