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What is Supply Chain Finance and how does it work?

Supply Chain Finance was created to provide a reliable, quick and tailored financing solution that may be applied across a company's entire supply chain. How Supply Chain Finance differs from other traditional forms of financing is that it is usually in the shape of a consistent template that once structured, may be applied to all channel partners in an expedited fashion....

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Separation of Duties Excellence

Separation of Duties is an essential component of both risk management and business-related internal controls. The fundamental principles of Separation of Duties are based on a simple premise of shared responsibility for all fundamental processes that inevitably have to disperse the critical functions to more than one department or person....

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Suppliers in China - Break Through The 5 Main Barriers

Western companies have five main barriers to engagement when it comes to suppliers in China. When being examined through Western-business-eyes, China certainly looks an endless sea of business opportunities, quite affordable labor and billions of potential customers. However, there is a significant set of challenges in working with suppliers in China. Barriers that can easily shatter these lovely, but a little bit too optimistic initial...

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Scrubbing Your Supplier Database

Your Supplier Database contains the data that is the foundation of most of your day-to-day purchasing decisions. Regular scrubbing is not only a best practice for you and your team, but it is a necessary process if you hope to optimize your core enterprise functions.   There’s plenty of room for improvements in this field. Without any exaggeration, we can freely claim that almost each and any...

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Vendor Portals Can Reduce Risk In Your Supply Chain

Using a vendor Portal to de-risk your supply chain. A supply chain is a living business organism, which inevitably has to go through periods of intense disruptions or high risks, every now and then. According to the findings of the Zurich Global Insurance Group in 2011, more than 85% of companies, which took part in the survey, experienced the consequences associated with the supply chain...

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