Buyers, suppliers, and financial institutions, all stand to benefit from scf programs that can. The case of reverse securitisation springerbriefs in finance by erik hofmann 2017 english pdf read online 2. Financing the endtoend supply chain, by simon templar, erik hofmann, charles findlay, is an educational investment that many procurement and supply chain professionals will benefit from. Supply chain finance solutions supply chain financing financial innovations in supply chain reverse securitisation in supply chain buyerledapproved payables securitisation blockchain for supply chain platformdriven reverse securitisation model peertopeer value exchange system smart contracts blockchaindriven supply chain finance blockchaindriven reverse securitisation money flow. Understanding supply chain finance the current economic climate is forcing many companies to better manage liquidity and strengthen their balance sheet. Winwin and nowin situations in supply chain finance. Factors, outcome, and the solutions of supply chain. Bct promises to change the way individuals and corporations exchange value and information over the internet. Due to the novelty of the supply chain finance approach, there are still many knowledge. Despite being one of the top up and coming professional topics, there is still a lack of solid understanding in the professions that will be required. Supply chain finance and blockchain technology erik hofmann.
The purpose of this paper is to summarize and analyze what is known regarding activitybased costing abc applications in the context of supply chain management scm. Hofmann 2005 defined scf as located at the intersection of logistics, supply chain. In a basic understanding, supply chain finance scfis an approach to help businesses convert account receivable, stock on hand, monetary resources into cash and to improve funds accessibility by. Supply chain finance and blockchain technology the case. He is head of the supply chain financelab scflab of the swiss post.
Financing the endtoend supply chain by simon templar. Supply chain consolidation hofmann industries, inc. Financing the endtoend supply chain provides readers with a real insight into the increasingly important area of supply chain finance. The standard definitions for techniques of supply chain finance set out in this document builds upon several excellent initiatives and documents aiming to develop terminology related to this fastgrowing, highvalue but still fairly nascent form of financing, which applies equally in support of domestic and international supply chains. Switzerlands supply chain management on trial i in a twopart series, prof.
This paper is a deliverable of the research program called scf 2. So supply chain finance facility as a new financing facility helps company broaden. Read supply chain finance solutions relevance propositions market value by erik hofmann available from rakuten kobo. Supply chain finance often referred to as scfsupplier financereverse factoring can be an attractive way for. Supply chain finance solutions relevance erik hofmann.
This includes not only the different companies taking part in the. This book investigates how the blockchain technology bct for supply chain finance scf programs allows businesses to come together in partnerships and discusses relevant use cases for the technology, which could open up new opportunities in the scf space. The connection between supply chain practices and firm performance evidence from multiple surveys and financial reporting data turun kauppakorkeakoulu turku school of economics. Supply chain finance and blockchain technology isbn. The book supply chain finance solutions offers orientation in the new discipline of supply chain finance scf by inve. Relevance propositions market value springerbriefs in business by erik hofmann 20110406 paperback bunko january 1, 1603 5. Erik hofmann from the institute of supply chain management analyses the impact of covid19 on procurement and logistics in switzerland. Erik hofmann is the author of supply chain finance and blockchain technology 4. A foundational premise of supply chain management scm is indeed its. The case of reverse securitisation springerbriefs in finance ebook. Earlier studies on supply chains have focussed on aligning productservices and information flows while neglecting the financial aspects. To address this research gap, this paper presents a conceptual. In the current highly competitive and fastchanging business environment, in which the optimisation of all resources matters, creating an efficient supply chain is crucial. As a result, this body of literature is situated at the intersection of the finance, logistics, and scm literature and stresses the importance of considering up and downstream supply chain partners when optimizing a companys working capital hofmann and zumsteg, 2015.
Relevance propositions market value erik hofmann, oliver belin auth. Erik hofmann oliver belin supply chain finance solutions relevancepropositionsmarket value ka springer. In the last 10 years, new financing opportunities known as supply chain finance or scf arose, exploiting the strength of new icts and supply chain links to optimise the working capital and create value for the organisations involved. Bct promises to change the way individuals and corporations exchange value and information over the internet, and is perfectly positioned to. How it works supply chain finance employs two primary methods. However, researchers often only consider the intraorganisational perspective of financing.
The foundation setting nature of this paper reflects the ambition of this research project that aims to accelerate the understanding, development and adoption of supply chain finance models. It demonstrates the importance of the strategic relationship between the physical supply of goods and services and the associated financial flows. Supply chain finance scf is a relatively recent thinking in supply chain management scm literature. Erik hofmann urs magnus strewe nicola bosia supply chain. Erik hofmann 2005 referred that supply chain finance scf is an approach that focuses upon theses questions from a collaborative viewpoint.
Due to this, in recent times, importance has been given to align. Consequently, a great optimisation potential, especially in globally dispersed supply chains, remains unlocked. Erik hofmann, chair of logistics management, university of st. Supply chain finance solutions by hofmann, erik ebook. He is one of the leading scientists in the area of supply chain finance in europe. He is head of the supply chain finance lab scflab of the swiss post. The authors present a reference framework for practical implications and areas for future research in intrafirm and interorganizational environments. Major interest in scf has steadily increased since the past decades and especially during. Supply chain finance, financial constraints and corporate. Supply chain finance and blockchain technology by erik hofmann, 9783319623702. The first is the extension of supplier payment terms.
Supply chain finance solutions relevance propositions. Awareness of capital commitment in the context of supply management has increased tremendously in recent years. Supply chain finance solutions ebook by erik hofmann. Switzerlands supply chain management on trial ii in a twopart series, prof. Theodore 2009 provide tools, methods that supply chain partners may adapt to their situation and. Supply chain finance and blockchain technology springerlink. In this approach, the buyer extends payment terms with all of its suppliers for example, from 60 to 120 days. Historical foundations, current research, future developments.
Darmstadt university of technology, germany is vice president of the chair of logistics management log. Building on what we have termed as traditional trade finance, there are a number of ways in which banks can help corporate clients trade both domestically and crossborder for a fee a typical service offering from a bank will include. The book supply chain finance solutions offers orientation in the new discipline of supply chain finance scf by investigating the need for and nature of scf, along with its characteristics and enablers. Erik hofmann, oliver belin supply chain finance solutions. International journal of logistics research and applications. Problem the companys supply chain for a line of grill legs did not efficiently support product growth and. One of the solutions within the scf landscape, called dynamic discounting dd, utilises trade process visibility granted by an ict platform to allow the. Relevance propositions market value springerbriefs in business series by erik hofmann. The frame of reference intends to foster the coordination in buyersupplier relations and eliminates existing inefficiencies in execution of the discrete. Hofmann industries partnered with a world leading barbeque grill manufacturer consolidating their supply chain, compressing lead times and trimming production and handling costs. Erik hofmann is head of supply chain financelab at the university of st gallen in switzerland.
This dramatic slowdown of cash outflow gives the buyer. The main objective of this article is to develop a conceptual framework for blockchaindriven supply chain finance scf solutions. Bct for supply chain finance scf programs allows businesses to come together in partnerships and accelerate cash flows throughout the supply chain. Supply chain finance scf can improve supply chain performance by facilitating longer payment terms for buyers and better access to financing for suppliers. In spite of these clear benefits, there is empirical evidence for some hesitation and resistance to scf adoption, manifesting in an often substantial time lag between a buyers introduction of scf and its. Factors, outcome, and the solutions of supply chain finance mdpi.
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