Modeling and assessing of sustainable supply chain finance:A case study of practioners and academician in Malawian

Nellie Kishombe; Ma Lin Malin

doi:10.18535/ijsrm/v10i8.em03

Abstract

All over the world, the concept of Supply Chain Finance has emerged through the globalization of trade. The common sense within a supply chain is that suppliers are trying to receive their payments as early as possible while buyers are increasing their payment terms. SCF attempts to cope with this problem and creates opportunities for all parties creating a ‘win–win’ situation for both buyer and supplier by giving the buyer the opportunity to extend payment terms and pay the supplier in advance. This process allows all parties to free up operating working capital and provide financing in favor of the supplier. With the development of Supply Chain Management, two approaches gained the most recognition; Working Capital Management and Supply Chain Finance. Both are considered drivers for a financially stable supply chain. A Supply Chain. This thesis aims to provide a single definition by reviewing the theory of Supply Chain Finance and provide the reader with an implementation checklist and its benefits of it. The theory will then be backed up by expert interviews.

References

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Atkinson, William. 2008. Supply chain finance: The next big opportunity. Supply Chain Management Review 12, no. 3: 57-S60.Google Scholar ↗
Atkinson, William, 2008. Supply chain finance: The next big opportunity. Supply Chain Management Review 12, no. 3: 57-60.Google Scholar ↗
Bedell, Denise,2011. Green Profits. Trade & Supply Chain Finance 2011: Sustainable Supply Chains, Global Finance, October 25. http://www.gfmag.com/archives/142october-2011/11429-trade-a-supply-chain-finance-2011-sustainable-supplychains.html#axzz29n0x1ZUu (accessed August 20, 2012).Google Scholar ↗
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De Boer, R., 2017. Thesis Interview [Interview] (6 December 2017).Google Scholar ↗
De Boer, R., van Bergen, M. & Steeman, M., 2015. Supply Chain Finance, its Practical Relevance and Strategic Value.Google Scholar ↗
Dudovski, J., 2017. Research Methodology. [Online]Google Scholar ↗
Available at: https://research-methodology.net/research-methods/qualitativeresearch/interviews. Accessed 15 December 2017.Google Scholar ↗
EBA, 2014. Supply Chain Finance: EBA European market guide. 2.0 Ed.Google Scholar ↗
Ellram, L. M. & Liu, B., 2002. The Financial Impact of Supply Management. s.l.:EBSCO Publishing.Google Scholar ↗
Gelsomino, L. M., 2017. Bachelor Thesis Interview [Interview] (December 2017).Google Scholar ↗
Global Supply Chain Finance Forum, 2016. Standard Definitions for Techniques of Supply Chain Finance.Google Scholar ↗
Hofmann, E., 2005. Supply Chain Finance: some conceptual insights. Wiesbaden: Logistik Management - Innovative Logistikkonzepte.Google Scholar ↗
Hofmann, E. & Belin, O., 2011. Supply Chain Finance Solutions: Relevance - Propositions - Market Value. s.l.:Springer Verlag.Google Scholar ↗
Hofmann, E. & Kotzab, H., 2010 A Supply Chain-Oriented Approach of Working Capital Management. Journal of Business Logistics, Vol. 31(No. 2), pp. 305-329.Google Scholar ↗
Jean, B. & Sara L., R., 2014. Academics and practiioners are alike and unilke: The paradoxe of academic-practitioner relationships. 5 ed. s.l.:Journal of Management.Google Scholar ↗
Johnson, B. R. & Christensen, L., 2014. Educational Research Quantitative, Qualitative, and Mixed Approaches. 5. ed. s.l.:Sage.Google Scholar ↗
Jones, T. & Riley, D. W., 1985. Using Inventory for Competitive Advantage through Supply Chain Management". International Journal of Physical Distribution and Materials Management, 17(2), pp. 94-104.Google Scholar ↗
Luca M., G., Mangiaracina, R., Perego, A. & Tumino, A., 2016. Supply Chain Finance: Modelling a Dynamic Discounting Programme. 4 ed. s.l.:Journal of Advanced Management Science.Google Scholar ↗
McDaniel, C. J. & Gates, R., 2012. Marketing Research Essentials. 8. ed. s.l.:Wiley.Google Scholar ↗
McKinsey, 2015. Supply-chain finance: The emergence of a new competitive landscape. October, Issue 22, pp. 10-16.Google Scholar ↗
Mentzer, J. T. et al., 2001. Defining Supply Chain Managment. Journal of Business Logistics, Vol. 22(No. 2).Google Scholar ↗
Pezza, S., 2011. Supply Chain Finance: Gaining Control in the Face of Uncertainty.Google Scholar ↗
Pfohl, H.-C. & Gomm, M., 2009. Supply chain finance: optimizing financial flows in supply chains. s.l.:Springer-Verlag.Google Scholar ↗
PrimeRevenue, 2018. Primerevenue. [Online]Google Scholar ↗
Available at: https://primerevenue.com/what-is-supply-chain-finance. Accessed 17 Januar 2018.Google Scholar ↗
PWC, 2009. Demistifying supply chain finance - Insights into the what, why, how, where and who. PWC, 2017. SCF Barometer, s.l.: PWC. Report, W. T., 2013.Google Scholar ↗
Seifert, R. W. & Seifert, D., 2009. Supply Chain Finance - What's it worth?.Google Scholar ↗
Sommer, M. & O'Kelly, R., 2017. Supply Chain Finance: Riding the Waves - Corporate Banking Insights, s.l.: Oliver Wyman.Google Scholar ↗
Steeman, M., 2014. The Power of Supply Chain Finance.Google Scholar ↗
Tanrisever, F. et al., 2012. Value of Reverse Factoring in Multi-Stage Supply Chains, s.l.: SSRN Electronic Journal.Google Scholar ↗
Templar, S., Camerinelli, E. & Findlay, C., 2012. An investigation into current supply chain finance practices in business: a case stude approach. s.l.:s.n.Google Scholar ↗
Vousinas, G. L. & Ponis, S. T., 2017. Financial Supply Chain Management - A review.Google Scholar ↗
Wehinger, G., 2014. SMEs and the credit crunch: Current financing difficulties, policy measures and a review of literature. 2 ed. s.l.:OECD.Google Scholar ↗
WTO, 2013. World Trade Report.Google Scholar ↗
Wuttke, D. A., Blome, C., Foerstl, K. & Henke, M., 2013. Managing the Innovation Adoption of Supply Chain Finance - Empriical Evidence from Six European Case Studies. 2 ed. s.l.:Journal of Business Logistics.Google Scholar ↗
Xign, 2006. Grab more invoice discounts. Managing Accounts Payables. 6 Ed.Google Scholar ↗

[refR-1] Aite Group, 2014. A study of the business case for supply chain finance.Google Scholar ↗

[refR-2] Atkinson, William. 2008. Supply chain finance: The next big opportunity. Supply Chain Management Review 12, no. 3: 57-S60.Google Scholar ↗

[refR-3] Atkinson, William, 2008. Supply chain finance: The next big opportunity. Supply Chain Management Review 12, no. 3: 57-60.Google Scholar ↗

[refR-4] Bedell, Denise,2011. Green Profits. Trade & Supply Chain Finance 2011: Sustainable Supply Chains, Global Finance, October 25. http://www.gfmag.com/archives/142october-2011/11429-trade-a-supply-chain-finance-2011-sustainable-supplychains.html#axzz29n0x1ZUu (accessed August 20, 2012).Google Scholar ↗

[refR-5] Boyce, C. & Neal, P., 2006. Conducting in-depth Interviews: A Guide for Dsigning and Conducting In-Depth Interviews. s.l.: Pathfinder International Tool Series.Google Scholar ↗

[refR-6] Chen, X. & Hu, C., 2011. The Value of Supply Chain Finance. [Online] Available at: https://www.intechopen.com/books/supply-chain-managementapplications-and-simulations/the-value-of-supply-chain-finance. Accessed 22 01 2018.Google Scholar ↗

[refR-7] Christopher, M. L., 1992. Logistics and Supply Chain Management, London: Pitman Publishing.Google Scholar ↗

[refR-8] Cooper, M. C., Lambert, M., D. & Pagh, J. D., 1998. Supply Chain Management: More Than a New Name for Logistics. International Journal of Logistics Management, 8(1), pp. 1-13.Google Scholar ↗

[refR-9] De Boer, R., 2017. Thesis Interview [Interview] (6 December 2017).Google Scholar ↗

[refR-10] De Boer, R., van Bergen, M. & Steeman, M., 2015. Supply Chain Finance, its Practical Relevance and Strategic Value.Google Scholar ↗

[refR-11] Dudovski, J., 2017. Research Methodology. [Online]Google Scholar ↗

[refR-12] Available at: https://research-methodology.net/research-methods/qualitativeresearch/interviews. Accessed 15 December 2017.Google Scholar ↗

[refR-13] EBA, 2014. Supply Chain Finance: EBA European market guide. 2.0 Ed.Google Scholar ↗

[refR-14] Ellram, L. M. & Liu, B., 2002. The Financial Impact of Supply Management. s.l.:EBSCO Publishing.Google Scholar ↗

[refR-15] Gelsomino, L. M., 2017. Bachelor Thesis Interview [Interview] (December 2017).Google Scholar ↗

[refR-16] Global Supply Chain Finance Forum, 2016. Standard Definitions for Techniques of Supply Chain Finance.Google Scholar ↗

[refR-17] Hofmann, E., 2005. Supply Chain Finance: some conceptual insights. Wiesbaden: Logistik Management - Innovative Logistikkonzepte.Google Scholar ↗

[refR-18] Hofmann, E. & Belin, O., 2011. Supply Chain Finance Solutions: Relevance - Propositions - Market Value. s.l.:Springer Verlag.Google Scholar ↗

[refR-19] Hofmann, E. & Kotzab, H., 2010 A Supply Chain-Oriented Approach of Working Capital Management. Journal of Business Logistics, Vol. 31(No. 2), pp. 305-329.Google Scholar ↗

[refR-20] Jean, B. & Sara L., R., 2014. Academics and practiioners are alike and unilke: The paradoxe of academic-practitioner relationships. 5 ed. s.l.:Journal of Management.Google Scholar ↗

[refR-21] Johnson, B. R. & Christensen, L., 2014. Educational Research Quantitative, Qualitative, and Mixed Approaches. 5. ed. s.l.:Sage.Google Scholar ↗

[refR-22] Jones, T. & Riley, D. W., 1985. Using Inventory for Competitive Advantage through Supply Chain Management". International Journal of Physical Distribution and Materials Management, 17(2), pp. 94-104.Google Scholar ↗

[refR-23] Luca M., G., Mangiaracina, R., Perego, A. & Tumino, A., 2016. Supply Chain Finance: Modelling a Dynamic Discounting Programme. 4 ed. s.l.:Journal of Advanced Management Science.Google Scholar ↗

[refR-24] McDaniel, C. J. & Gates, R., 2012. Marketing Research Essentials. 8. ed. s.l.:Wiley.Google Scholar ↗

[refR-25] McKinsey, 2015. Supply-chain finance: The emergence of a new competitive landscape. October, Issue 22, pp. 10-16.Google Scholar ↗

[refR-26] Mentzer, J. T. et al., 2001. Defining Supply Chain Managment. Journal of Business Logistics, Vol. 22(No. 2).Google Scholar ↗

[refR-27] Pezza, S., 2011. Supply Chain Finance: Gaining Control in the Face of Uncertainty.Google Scholar ↗

[refR-28] Pfohl, H.-C. & Gomm, M., 2009. Supply chain finance: optimizing financial flows in supply chains. s.l.:Springer-Verlag.Google Scholar ↗

[refR-29] PrimeRevenue, 2018. Primerevenue. [Online]Google Scholar ↗

[refR-30] Available at: https://primerevenue.com/what-is-supply-chain-finance. Accessed 17 Januar 2018.Google Scholar ↗

[refR-31] PWC, 2009. Demistifying supply chain finance - Insights into the what, why, how, where and who. PWC, 2017. SCF Barometer, s.l.: PWC. Report, W. T., 2013.Google Scholar ↗

[refR-32] Seifert, R. W. & Seifert, D., 2009. Supply Chain Finance - What's it worth?.Google Scholar ↗

[refR-33] Sommer, M. & O'Kelly, R., 2017. Supply Chain Finance: Riding the Waves - Corporate Banking Insights, s.l.: Oliver Wyman.Google Scholar ↗

[refR-34] Steeman, M., 2014. The Power of Supply Chain Finance.Google Scholar ↗

[refR-35] Tanrisever, F. et al., 2012. Value of Reverse Factoring in Multi-Stage Supply Chains, s.l.: SSRN Electronic Journal.Google Scholar ↗

[refR-36] Templar, S., Camerinelli, E. & Findlay, C., 2012. An investigation into current supply chain finance practices in business: a case stude approach. s.l.:s.n.Google Scholar ↗

[refR-37] Vousinas, G. L. & Ponis, S. T., 2017. Financial Supply Chain Management - A review.Google Scholar ↗

[refR-38] Wehinger, G., 2014. SMEs and the credit crunch: Current financing difficulties, policy measures and a review of literature. 2 ed. s.l.:OECD.Google Scholar ↗

[refR-39] WTO, 2013. World Trade Report.Google Scholar ↗

[refR-40] Wuttke, D. A., Blome, C., Foerstl, K. & Henke, M., 2013. Managing the Innovation Adoption of Supply Chain Finance - Empriical Evidence from Six European Case Studies. 2 ed. s.l.:Journal of Business Logistics.Google Scholar ↗

[refR-41] Xign, 2006. Grab more invoice discounts. Managing Accounts Payables. 6 Ed.Google Scholar ↗