Supply chains of the world's largest companies are taking on a new role in the post-credit crunch era, a Times report has suggested.
With many of the world's largest manufacturing companies unaffected by debt concerns, thanks to a healthy balance sheet, the threat of the credit crunch has no direct impact.
Problems may occur, however, if customers or suppliers are not as healthy and as such run into financing problems when the banks refuse them loans, the report explains.
As a result, the practice of vendor financing is now becoming more commonplace, says the newspaper, adding yet another dimension to the increasingly complex world of the supply chain manager.
Companies of all sizes will have had to think carefully about what the credit crunch means to them, and as such supply chain management will have had to have been consulted.
Companies which want the most experienced and confident supply chain managers on hand should contact a third-party supply chain management company to manage their supplies, as such a service could save a significant amount of time and money.
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