Supplier enablement for trade financing is not just a question of initial onboarding efforts and data collection. It also requires thinking through all the elements of how one will gather the necessary information on a transactional level to provide visibility and triggers for early payment. A range of e-invoicing and supplier/business network technologies can enable these steps.
I’ve been giving quite a bit of thought recently to the impact of the circular economy on procurement. I also recently traded ideas with Tradeshift’s Christian Lanng on a Spend Matters webinar. Christian shared his take on the topic recently on Procurement Leaders blog, as well, which included a number of steps organizations must make from a procurement and A/P perspective as they march down the circular economy path. I’ll share a few of these below as well as my own commentary on them.