Business English Lesson – Advanced Level''''s archiveFinancial Supply Chain Management ppt

Business English Lesson – Advanced Level's archive Financial Supply Chain Management 1.. According to Ray Moore of HSBC, the efficient management of information across the financial sup

Business English Lesson – Advanced Level's archive

Financial Supply Chain Management

1 According to Ray Moore of HSBC, the efficient

management of information across the financial supply

chain (FSC) is a critical in getting goods to market

early and at the lowest cost

bottleneck

circumstance

enabler

factorial

2 As international supply chains become longer and more

complex, the risks and costs with fulfilment continue

to increase

committed

endemic

inherent

specific

3 The focus of many supply chain management initiatives

to date has been the physical processes and logistics

costs that are easier to track, but this focus is increasingly

shifting towards FSCs and the less costs hidden in

payments, risk management and working capital

management processes that are equally important

variable

venerable

viable

visible

4 Banks are under increasing pressure to demonstrate

how core competences can be better applied to improving

the efficiency of the FSC: this can be defined as the

'purchase-to-pay' process from the buyer

inspection

perspective

respectively

suspected

5 In order to meet the challenge, banks are re-

traditional trade services and developing new solutions to

meet a constantly evolving trade environment and rising

customer expectations about what banks can do for them

incorporating

installing

instigating

invigorating

6 Most large buyer organisations either source from low

cost countries or have established managed services or

production facilities that take advantage of lower labour

and operating costs, and the pressure to source from

these countries and source direct to eliminate expensive

trading intermediaries continues to

amount

emerge

merge

mount

7 The initial about vastly reduced unit costs has,

however, been tempered in recent years, as corporates

take a more sophisticated approach to the calculation of

total fulfilment cost, which includes all logistics, working

capital and finance related costs involved within its supply

chain

anesthesia

euphoria

hysteria

inertia

8 The approach — often the characteristic of an

aggressive buyer — is being replaced with the realisation

that there are greater business benefits associated with

working more collaboratively with suppliers to help them

improve efficiencies and reduce their costs

adversarial

effectual

entrepreneurial

influential

9 The focus for many organisations has been streamlining

and automating the physical supply chain in order to

reduce costs; for practice organisations, the

reduction of 1-2% of total costs of fulfilment is critical to

keeping a competitive edge

all

best

in

past

10 However, as physical supply chains are optimised,

savings become harder to realise; this is when the focus

shifts to FSC opportunities; the quantum to

streamlining the FSC, where organisations could save

2-3% plus potential savings by taking paper out of the

system, is now being taken by many corporates

approach

field

leap

mechanics