Search
 
Best Practices

Longer Chains, Lower Costs

To create a seamless supply chain, every link must feel like it's winning

By Richard Gamble | Updated on June 01, 2004

As the financial supply chain for The Stanley Works began to grow with the proliferation of offshore vendors, Craig Douglas, treasurer of the New Britain, Conn.-based tool manufacturer, thought he had one option if his company was to reduce its working capital: push the additional costs required by a longer chain onto the various supplier links. That was before he discovered a Web-based supply chain technology tool from Citibank. “Companies in the middle can’t bear the cost of carrying a lot of working capital, but we don’t want to increase the cost to the supply chain,” Douglas says. “Citibank’s system lets us push off some of the costs onto the vendors, but in a way that allows them to get reasonably priced financing so the costs are not that great.”

The Orbian Way

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.