Building a Successful Supplier Diversity Program with Baker Hughes
This article is written by our partner, SAP Taulia At Baker Hughes, supplier diversity is integral to its business strategy. In Australia, diverse suppliers are defined as organizations where at least 51% of ownership, operation, or control rests with a specific underrepresented group, such as those owned by minorities, women, veterans, Indigenous people, LGBTQ+ individuals, […]
Treasury’s role in forging a cash-first culture
This article is written by our partner, SAP Taulia Making cash a shared priority is a strategic imperative for the treasury function. But what does a cash-first culture really look like? And which steps can treasury leaders take to embed cash discipline across the enterprise? Discover the tried-and-tested strategies shared by treasury leaders at a […]
How to maximize savings with virtual cards for treasury departments
This article is written by our partner, SAP Taulia Treasurers operating in today’s business landscape are facing more pressure than ever to cut costs, streamline treasury operations, and strengthen payment security. A solution that can move the needle on all of these factors is the Virtual Card. A corporate Virtual Card is a 16-digit number […]
What is supply chain finance?
This article is written by our partner, SAP Taulia Supply chain finance, also known as supplier finance or reverse factoring, is a financing solution in which suppliers can receive early payment on their invoices. Supply chain finance reduces the risk of supply chain disruption and enables both buyers and suppliers to optimize their working capital. […]
What is supply chain finance?
This article is written by our partner, SAP Taulia Supply chain finance, also known as supplier finance or reverse factoring, is a financing solution in which suppliers can receive early payment on their invoices. Supply chain finance reduces the risk of supply chain disruption and enables both buyers and suppliers to optimize their working capital. […]
What is the cash conversion cycle (CCC)?
This article is written by our partner, SAP Taulia The cash conversion cycle (CCC) – also known as the cash cycle – is a metric expressing how many days it takes a company to convert the cash it spends on inventory back into cash by selling its product. The shorter a company’s CCC, the less […]
7 cash flow KPIs and performance metrics
This article is written by our partner, SAP Taulia Cash flow management is integral to an effective and efficient business operation – playing a key role in fueling growth and building resiliency. Tracking these seven cash flow KPIs and metrics can make it a lot easier. Healthy cash flow is vital to the overall resilience […]
10 supplier management best practices and strategies
This article is written by our partner, SAP Taulia Supplier management is the term used to describe the processes of selecting and managing suppliers or vendors. It’s a hugely important element of operations for most companies, having a significant impact on costs, manufacturing, and cash flow. Getting the best performance from your suppliers, while also […]
The supply chain process: Step by step
This article is written by our partner, SAP Taulia The supply chain process influences how effectively you manage costs, mitigate risks, and meet customer expectations. Learn how to optimize each stage here. A guide to the supply chain process An effective and efficient supply chain is vital to the success of any business. It contributes […]