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New Perspectives on Supply and Distribution Chain Financing: Case Studies from China and Europe

Autor Georg Baltes
en Limba Engleză Paperback – 15 feb 2015
Globalization no longer means simply finding low-cost countries for sourcing, but has involved to include the opportunity for growth in Asia's emerging domestic markets, specifically China. This development results in extended, truly global supply chains and thus places a higher pressure on working capital. Therefore, several definitions of Supply Chain Management already encompass financial aspects and demand a more integrated consideration of material, information, and financial flows within supply chains. However, more precise theory on "Supply Chain Financing" is understudied and initial implementation of related solutions in industry has only gained momentum during and after the economic and financial crises of 2008 and 2009.In contrast to traditional financial instruments for supply chains - for instance trade finance products which have been around for more than a century - Supply Chain Financing leverages larger and influential members of supply chains. These firms might, for instance, provide easier and cheaper access to financing for smaller supply chain members supporting their profitability through renegotiated and reduced purchasing prices. Echoing recent research results on supply chain risk management, other firms may prefer to take on a supply chain perspective and work on creating agile and resilient supply chains. In this context, Supply Chain Financing can be employed to ensure liquidity for crucial upstream and downstream supply chain partners thereby allowing a firm to effectively control risk while making the most of remaining growth opportunities in emerging markets like China!
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Specificații

ISBN-13: 9783844103847
ISBN-10: 3844103848
Pagini: 396
Dimensiuni: 148 x 210 x 25 mm
Greutate: 0.47 kg
Editura: Josef Eul Verlag GmbH

Notă biografică

Georg Baltes studied industrial engineering with focus on logistics & supply chain management as well as robotics & automation at Technische Universität Darmstadt in Germany. Afterwards, he joined the Chair of Global Supply Chain Management at Tongji University in Shanghai as a research associate where he lectured and oversaw various industry projects. Simultaneously, he wrote his dissertation under the supervision of Prof. Dr. Dr. h. c. Hans-Christian Pfohl from Technische Universität Darmstadt (Supply Chain and Network Management) where he received his doctoral degree in July 2014.

Cuprins

1. Introduction2. Logistics and supply chain management2.1. The evolution of supply chains2.2. Supply chain orientation and structure2.3. Supply chain processes and flows2.4. Defining supply chain management2.5. Competing on the supply chain level3. Financial and working capital management3.1. Financial statements and performance3.2. Short-term financial management3.3. Working capital and the cash conversion cycle3.4. Financial perspective on working capital3.5. Operational perspective on working capital4. Emerging themes of supply chain finance4.1. Financial flows as the origin of supply chain finance4.2. The financial supply chain4.3. Financial supply chain management4.4. Supply chain finance4.5. Innovative financing solutions in supply chains4.6. Need for further research on supply chain finance5. Emerging best practices in supply chain finance5.1. Research Design5.2. Supply chain finance in banking5.3. Supply chain finance in industry5.4. Intermediate research results6. New perspectives on supply chain finance6.1. International trade, trade finance and trade credit6.2. Risk management in supply chains7. Supply chain finance in Asia7.1. China as a research setting7.2. Supply chain finance in banking7.3. Supply chain finance in industry7.4. Intermediate research results from China8. Final research results8.1. Cross-regional analysis8.2. Implications for supply chain finance in business practice8.3. Implications for supply chain finance theory9. Conclusion and outlook