Abstract
This chapter guides you through the topic of finance in supply chain management. First, it clarifies why supply chain companies are in business. Second, it explores what impacts supply chain management has on the key financial statements of an organisation, in particular the profit and loss, balance sheet and cash flow statements. Third, it highlights how the supply chain can add value and improve corporate financial performance, by looking at its influence over return on capital employed. The chapter concludes with a case study of best practice at the company NWF, who provide supply chain services to improve return on capital employed for their customers.
Having read this chapter you will be able to:
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Clarify why supply chain companies are in business
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Recognise the impact of supply chain management on the key financial statements
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Demonstrate how supply chain management can add value and improve corporate financial performance
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References
Atrill, P., & McLaney, E. (2017). Accounting and finance for non-specialists. Harlow: Pearson Education Ltd.
ICMR. (2006). Zara’s supply chain management practices. Hyderabad: Centre for Management Research.
Stickney, C. P., Weil, R. L., Schipper, K., & Francis, J. (2009). Financial accounting: An introduction to concepts, methods and uses. Florence, KY: South-Western Publishing.
Tennent, J. (2008). Guide to financial management (The economist). London: Bloomberg Press.
Vause, B. (2009). Guide to analysing companies. London: Profile Books Ltd.
Suggestions for Further Reading
Higson, C. J. (2006). Financial statements: Economic analysis and interpretation. London: Rivington.
Pratt, J., & Hirst, D. (2008). Financial reporting for managers: A value-creation perspective. Chichester: Wiley.
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Scott, C., Lundgren, H., Thompson, P. (2018). Guide to Finance in Supply Chain Management. In: Guide to Supply Chain Management. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-77185-4_9
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DOI: https://doi.org/10.1007/978-3-319-77185-4_9
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