 Procurement Processes and FinanceBernardo Nicoletti ()
Chapter Chapter 2 in Procurement Finance, 2018, pp 9-38 from Palgrave Macmillan Abstract: Abstract The basics for any improvement in procurement finance are essentially two aspects: a clear definition of its processes and the analysis of the relationships between finance and procurement. This chapter examines these two aspects. It underlines the move from the traditional supply chain with its linear nature and its limitation to inside the boundary of the organizations to the value network. This expression underlines two important aspects. The first one is the extension of the traditional supply chain outside of the organization, including the vendors, the partners, the distributors, and even the customer. The second aspect is the fact that the procurement “chain” is becoming more and more a network, in order to satisfy the request of flexibility and collaboration and to add value to the end customers. The chapter presents a model of the relationships between finance and procurement to reach the objectives of the organization. Keywords: Procurement processes; Procurement finance; Value chain; Value network; Supply chain (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-02140-5_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-02140-5_2 Access Statistics for this chapter More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan |
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