Improving working capital is a “huge focus” behind Dutch firm Royal DSM’s supply chain finance programme, said Sebastien Leroy, director, finance and control, group sourcing. The chemicals and plastics producer first established its programme in 2010 with just three suppliers and a spend of €150m. By 2017 it had 78 active suppliers covering a spend [...]
Innovations in the use of smart data are set to shake up the supply chain finance market, according to speakers from banks and tech firms at the SCF Forum in Amsterdam. Paul Christensen, founder and chief executive officer at Previse, showcased the company’s payment solution that promises to give suppliers the option of instant payment. [...]
The involvement of procurement played a key role in supporting petrochemical producer Sabic’s hunt for the right supply chain finance programme provider, said Eric Woons, head of cash management at the Saudi Arabian firm. “Procurement was really excited about this,” he told delegates at the SCF Forum in Amsterdam, saying the division had already been [...]
When Eric Woons, global head of cash management at SABIC, first raised the idea of setting up a supply chain finance programme he met with some resistance.