Jul
04
Supply Chain Finance: What’s It All About?
Picture this. You run a business. It’s successful. You’re a supplier (subcontractor, etc.) to a large company (major retailer, major contractor, think big and corporate). You get an invitation to join their supply chain finance program. But what does that mean for you? And why is it being offered in the first place? It’s possible this is the first time you’ve ever heard of supply chain finance, and if it is you wouldn’t be alone. It’s also referred to as supplier finance, or as an early payments program, and essentially, it’s a financing program by a large corporation that lets the businesses it deals with in it’s supply chain access […]
