January 2018
Intermediate to advanced
288 pages
6h 41m
English
Content preview from Managing the Retail Supply Chain
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07
Finance
Introduction to finance
This chapter aims to give the reader a basic understanding of the finance function and what interaction the supply chain/merchandising function will have with the finance function. It will also aim to demonstrate the relationship between stock holding and cash flow. It will be a brief overview, as a detailed understanding of finance is not required when working in supply chain/merchandising.
The finance function is much more diverse and value adding than its stereotype of a dry, boring area of business might imply. The finance function carries out many business critical tasks, like producing management accounts, ensuring the business pays the right amount of tax, processing supplier invoices and, most importantly, ...
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