Do I Need a Financial Supply Chain Management Solution? 5 Key Questions You Should Ask

11/20/2014

Taking the right approach to managing your financial supply chain can enable you to strengthen your relationship with key suppliers and ensure greater reliability and stability across your supply chain. The following check list of questions will help you evaluate the current state of your financial supply chain so you can take steps to make improvements.

• What is your DPO and DSO?
• How financially stable are your suppliers? Do you have a consistent audit process your suppliers must comply with?
• Are your supplier payment terms consistent? Does your Accounts Receivable team have too many special payment terms to manage?
• Are you able to forecast ample liquidity for capital improvement?
• How long has it been since you have done a financial supply chain assessment?

Call Fifth Third today to discuss your answers to these questions and to learn more about how you can launch an effective financial supply chain management strategy.