April 2012
Intermediate to advanced
384 pages
12h 32m
English
book
Service Science, Management, and Engineering:
by Gang Xiong, Zhong Liu, Xiwei Liu, Fenghua Zhu, Dong Shen
Content preview from Service Science, Management, and Engineering:
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Chapter 3
Supply Chain Finance
Concept and Modeling
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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