How to Integrate a Global Supply Chain With Finance



International operations have become a reality for many midsize and large companies. Customers, suppliers, materials, and capital are all available around the globe. So it's natural that companies would go beyond national borders to get access to them. But in doing so, there is always the question of how to do it efficiently and effectively. This can lead to questions that can be complex to answer. For instance, should a company buy from intracountry vendors or from those in other countries? The company has to consider the issues of different currencies, different employment laws, different taxes, and different operating regulations. Each of these—and many other factors—may impact the decision from a financial perspective. Yet for many companies, this is a decision made by the supply chain. The question is, are they the right group to make this decision? © 2013 Wiley Periodicals, Inc.