Proper financial management is essential for the smooth operation and growth of an organisation.
In the context of supply chain management, finance plays a central role in ensuring the efficiency and effectiveness of the entire supply chain process.
Finance enables companies to procure raw materials, manufacture goods, store inventory, and distribute products to customers.
It also facilitates collaborations with suppliers, distributors, and other stakeholders involved in the supply chain.
This whitepaper delves into what borrowing and early payment represent while highlighting the benefits of early payment programs in today’s business landscapes.
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