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Combating Business Uncertainty Through Vendor Risk Management
A supplier-centric approach involving vendor consolidation, a robust vendor management system, and vendor risk management practices can help your business build healthier and more transparent supply chains. Treating your suppliers as partners, rather than a commodity can lead to stronger relationships that can help you overcome business uncertainties
How Unsecured Credit Lines Can Help Suppliers Meet their Festive Demands
Demand for goods and services generally peak during the festive season. Suppliers need to start preparing in advance to be able to meet this demand. This is when taking unsecured credit lines for the festive season can be the solution for higher production and stock keeping.
What is vendor leasing? How does vendor leasing benefit SMBs?
Vendors in partnership with business financing companies provide customers convenient, on-the-spot financing using vendor leasing. Vendor leasing is a win-win for all parties involved - vendors, business financing companies, and customers.
7 Measures that Must Constitute Your Vendor Risk Management Strategy
Assessing and managing vendor risk is important to address unforeseen circumstances and protect your business’s reputation. Building a comprehensive vendor risk management plan can help you proactively identify and protect your supply chain against vendor risks.
Complete Guide on Working Capital Financing for Your MSME
MSMEs often face cash shortages and require timely funds to maintain liquidity. Working capital loan for MSME is one of the working financing instruments that helps businesses improve cash flow to keep operations running and enhance business growth.
How are Tech-enabled Business Financing Companies Changing Supplier Marketplaces?
Supply chain management and financing are undergoing a complete transformation due to technological advancements and innovative, accessible financing solutions. The tech-enabled business financing companies are rapidly changing the supply chain landscape, making it easier for all businesses to thrive and grow.
Complete Guide to the Vendor Selection Process
Vendor selection must be done right for businesses to reap its benefits. Digitized solutions, such as electronic vendor discovery and digital vendor management, can play their part in optimizing the vendor selection process.
Challenges with MSME Business Financing in India
Despite being a vital part of the Indian economy, MSMEs continue to face financing challenges. Supply chain financing can help resolve the challenges with MSME financing in India, leading to inclusive economic growth.
What is the Difference Between Invoice Financing and Invoice Discounting? Which Option Should You Choose?
Several businesses and entities may use the terms invoice financing and invoice discounting interchangeably. However, there are specific and subtle changes between the two. Businesses can choose the alternative from the two that can help meet their objectives by understanding these differences.
What is the Importance of Procurement Planning in Supply Chain Management?
Procurement takes up much of the total supply chain costs. Its sheer significance in every aspect of business operations makes procurement planning in supply chain management a necessity today.
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