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Service Science, Management, and Engineering: by Dong Shen, Fenghua Zhu, Xiwei Liu, Zhong Liu, Gang Xiong

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Chapter 3

Supply Chain Finance

Concept and Modeling

Miao He, Changrui Ren, Qinhua Wang and Jin Dong

IBM Research – China, Building 19, Zhongguancun Software Park, 8 Dongbeiwang West Road, Haidian District, Beijing 100193, China

3.1 Inefficient Financial Supply Chain

According to the white paper of the Paystream Advisors (2008), the inefficiencies in a supply chain comprise four aspects. The first is manual and inefficient processes. When compared with an automatic system, manual- or paper-based transaction processing usually incurs higher processing costs as well as more errors in transaction files. Second, there exist conflicting interests between the suppliers and buyers. The buyers, as many as 73% among the 500 top corporations in Europe ...

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