Procurement Finance
The Digital Revolution in Commercial Banking
Authors: Nicoletti, Bernardo
Free Preview- Presents a business model on how to structure the relationships between financial services and procurement with new models
- Includes several practical examples of advanced Procurement Finance solutions
- Demonstrates how process improvement and technology can help in overcoming current financial difficulties
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- About this book
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This book presents a business model on how to structure the relationship between financial services and procurement. The need for new models is particularly important to support small and medium enterprises (SMEs) where there is an evident difficulty in accessing credit. Due to this context, innovative solutions must be introduced.
The objective of this book is to determine how innovation can support the dynamic and volatile international context and the increasingly relevant function of procurement. It is becoming more and more important to take into account complex international transactions with notably long payment terms. Organizations need to manage the best way to handle the financial relationships and the risks related to credit provision and payments. This book presents an end-to-end support to procurement, including trade finance, supply chain finance, and related payments.
In addition, the enterprises need to keep sufficient liquidity levels in the short and medium term. This is a constant challenge today, with the turbulence of financial markets and a continuing climate of economic uncertainty making it harder to obtain external funding. Businesses need to optimize the working capital. This can be done through the innovative concept of procurement finance, which allows SMEs to benefit by the new vision of collaborative procurement.
This book provides several practical examples of advanced procurement finance solutions. It demonstrates how the use of process improvement and technology can help in overcoming the current financially difficult situation. In addition, based on the business model presented, the integrated approach to procurement finance allows sustainable solutions which will be of interest to academics, researchers, managers, and practitioners in both buyer and vendor companies, as well as in banks and other financial institutions.
- About the authors
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Bernardo Nicoletti is a Professor of Operations Management at Temple University, Rome. He also provides consultancy advice and coaching in Europe and Asia on ICT strategy, process improvement, and procurement. In his research, Bernardo has been particularly active in the application of the agile method and its tools to a variety of industries. He has authored 30 books on management and published 250 articles in domestic and international journals. He frequently speaks at international conferences.
- Table of contents (8 chapters)
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Introduction to Procurement Finance
Pages 1-8
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Procurement Processes and Finance
Pages 9-38
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From Trade Finance to Supply Chain Finance to Procurement Finance
Pages 39-92
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Agile Procurement Finance and Its KPI
Pages 93-106
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New Solutions for Procurement Finance
Pages 107-154
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Table of contents (8 chapters)
Bibliographic Information
- Bibliographic Information
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- Book Title
- Procurement Finance
- Book Subtitle
- The Digital Revolution in Commercial Banking
- Authors
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- Bernardo Nicoletti
- Series Title
- Palgrave Studies in Financial Services Technology
- Copyright
- 2018
- Publisher
- Palgrave Macmillan
- Copyright Holder
- The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG
- eBook ISBN
- 978-3-030-02140-5
- DOI
- 10.1007/978-3-030-02140-5
- Hardcover ISBN
- 978-3-030-02139-9
- Series ISSN
- 2662-5083
- Edition Number
- 1
- Number of Pages
- XXI, 385
- Number of Illustrations
- 30 b/w illustrations
- Topics
