21st-Century Supply Chains - Financial Sophistication
3 important questions on 21st-Century Supply Chains - Financial Sophistication
What is cash - to - cash conversion?
The time required to convert raw material or inventory purchases into sales revenue.
What are the benefits flowing from fast cash - to - cash conversion, reduced dwell time, and cash spin?
The financial attractiveness of effective collaboration. Another major force driving expansion of supply chain management is the growing involvement of most firms in global operations.
By applying the time - based strategy, the question is, how fast is fast enough? The answer can be found in understanding the financial impact.
Name the three aspects of financial sophistication.
- Cash - to - cash conversion
- Dwell time minimization
- Cash spin.
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