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Hofmann, Erik and Johnson, Mark (2016) Guest editorial. International Journal of Physical Distribution & Logistics Management, 46 (4). doi:10.1108/IJPDLM-01-2016-0025 ISSN 0960-0035.
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Official URL: http://dx.doi.org/10.1108/IJPDLM-01-2016-0025
Abstract
A foundational premise of supply chain management (SCM) is indeed its cross-functionality. This is not just the “classic” operational perspective – purchasing, production, physical distribution and logistics – but contemporarily the collaboration between other corporate departments, e.g. marketing, human resource management, information technology – and finance. This last point is addressed in this special issue “Financial issues in SCM and supply chain finance.” In our “call for papers” we highlight the relevance of a proactive SCM approach to obtaining credit facilities to overcome cash flow problems as well as to facilitate trade and international business. Whereas large corporations obtain “investment grade” with AAA to A ratings and related credit terms, their direct and indirect suppliers face higher financing costs while credit rates often rise as the distance from their large, credit-worthy end buyers increases. For non-investment grade suppliers, the weighted average cost of capital (WACC) often approaches 15 percent or more, causing additional expenditures that affect the entire supply chain. Although banking services have begun to deliver solutions to address this – various financial service providers (FSPs) offer SCF – there is still much to be done.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Journal or Publication Title: | International Journal of Physical Distribution & Logistics Management | ||||
Publisher: | Emerald Group Publishing Ltd. | ||||
ISSN: | 0960-0035 | ||||
Official Date: | 3 May 2016 | ||||
Dates: |
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Volume: | 46 | ||||
Number: | 4 | ||||
DOI: | 10.1108/IJPDLM-01-2016-0025 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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