The entry deadline is rapidly approaching for the second annual Supply Chain Finance Awards, designed to promote innovation and encourage the use of SCF to optimise working capital while supporting the supply chain.

Last year’s overall winner urged corporates to put themselves forward for the awards. Graeme Reynolds, finance decision support manager SCM and VPC finance who led the winning Vodafone team, said, “We were delighted to win the inaugural Gold Award at the 2016 Supply Chain Finance Awards. This was great recognition for all the hard work by our project team – including members from both Vodafone and also from our specialist business partners.

“More importantly, it has helped to generate increased awareness and increased interest from our supplier base, enabling us to enrol significantly more suppliers during 2017.”

Any organisation that has implemented a supplier finance programme and seen measurable results may enter in any of the following categories:

  • Retail and apparel
  • FMCG, food and beverage
  • Manufacturing and industrial
  • Technology and telecoms
  • Transport and logistics

One of the category winners will be chosen by the judging panel for the overall Gold award.

The inaugural awards last year attracted entries from across the globe. Category winners were Puma, SABMiller, ArcelorMittal South Africa, Deutsche Lufthansa and Vodafone, which won the Gold award.

“We were delighted to win the inaugural Gold Award at the 2016 Supply Chain Finance Awards.  This was great recognition for all the hard work by our project team – including members from both Vodafone and also from our specialist business partners.

“More importantly, it has helped to generate increased awareness and increased interest from our supplier base, enabling us to enrol significantly more suppliers during 2017.” – Graeme Reynolds, finance decision support manager SCM and VPC finance who led the winning Vodafone team, said,

There are also two very special awards, which will be made at the discretion of the judges:

  • SCF Innovation of the Year – the company that has offered the most interesting new product or new approach to SCF. In 2016 this award was won by PUMA
  • SCF Leader of the Year – the individual who has made the greatest contribution to developing supply chain finance. Last year’s winner was Joost van den Hondel, initiator and programme manager of the Betaalme.nu (Pay Me Now) programme.

Michiel Steeman, chairman of the Supply Chain Finance Community and chair of the judging panel, said that corporates should submit their supply chain finance programmes to the awards. “The key thing is, if you share your experiences you get experiences back,” he said. “That allows you to improve your own programmes. So by being open about what you do, you get so much in return that helps you to make it even better. Sharing is learning.”

The awards are judged by an independent panel of academics, corporate treasurers and procurement directors, including a number of representatives from last year’s winning and highly-commended companies.

Deadline for entries is Friday 1st October, with the winners announced at an awards ceremony at the Supply Chain Finance Community Forum in Amsterdam on Wednesday 29th November 2017.

Running alongside the SCF Awards are the SCF Thesis Awards, given to the best Batchelor’s or Master’s thesis on a supply chain finance topic.

Full details of how to enter the Supply Chain Finance Awards 2017 are available by clicking here.