Imagine a world without banks. Or, in today’s credit crunch, a world where cash arrives quickly wherever it’s needed in the manufacturing supply chain, without bank charges.
Sounds far-fetched, but that’s what some radical thinkers in the technology and services industries are trying to whip up. It’s part of an IT-based trend called supply chain finance aimed at the seemingly impossible double act of speeding up payments and allowing manufacturers to hold onto their cash longer as goods move around the world from raw materials through production, transportation, and end-user sales.
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