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2 pages/≈550 words
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APA
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Management
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Essay
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English (U.S.)
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Topic:

Failure To Adhere To The Agreement About Supply-Chain Finance (Essay Sample)

Instructions:

Title Page (APA formatted)
I. Major Facts (Heading)
(State here the major facts as you see them. Make statements clear and concise for your own understanding as well as for the understanding of the other students and the instructor.)
II. Major Problem (Heading)
(State here the major problem as you see it. Emphasize the present major problem. You may wish to phrase your statement in the form of a question. In a few cases, there may be more than one major problem. A good problem statement will be concise, usually only one sentence.)
III. Possible Solutions (Heading)
A. (List here the possible solutions to the major problem. Let your imagination come up with alternative ways to solve the problem.
B. Do not limit yourself to only one or two possible solutions. These solutions should be distinct from each other. You must include a minimum of three possible solutions.
C. However, you may wish to include portions of one solution in another solution, as long as each solution stands alone. Only in this manner will your subsequent choice be definitive.
D. Note advantages and disadvantages of each possible solution as well expected outcomes. This is an area where outside support will help.
IV. Choice and Rationale (Heading)
(State here your choice, A or B or ___ and the detailed reasons for your choice. You may also state your reasons for not choosing the other alternative solutions.) Explain the hopeful outcome of this alternative.
V. Implementation (Heading)
Prepare a plan to implement your choice (recommendation).
Reference Page (APA formatted)

source..
Content:
Supply Chain Finance Student’s Name Institutional Affiliation Supply Chain Finance Major Facts Supply chain finance is a current business trend that enables business to obtain finances. The solicited funds are managed by the same firm the funding is sourced. It is an alternative source for obtaining finances to carry out the business with restrictions attached. Companies and other entities must agree to terms and conditions of the supply chain before getting the financial aid. They should also permit close monitoring of business activities in terms of human resources management and payment to creditors and suppliers. This will allow the supply chain finance to monitor payment to the workers and evaluate if they are beneficial to the business. Supply chain finance takes care of the business failure to pay suppliers by defaulting them by ensuring payment to them (Carter, Rogers, & Choi, 2015). This upholds the firm reputations to suppliers and the general public. They also aid in management of working capital. Major Problem Failure to Adhere to the Agreement About Supply-Chain Finance A business entity should know the terms and conditions of the supply chain finance. This is to aid them in the management of their funds they obtained. The supply chain has offered business an alternative way of getting funding of day-to-day running activities, that is, working capital. The business entities should know the interest rate of this supply chain before entering to the binding agreement (Wuttke, Blome, Heese, & Protopappa-Sieke, 2016). Solutions to the Problems 1. Businesses should obtain finances from credible and efficient money-lending institutions such as banks. This will make them decide on how to use their working capital without monitoring from external firms. It also encourages business to be dynamic, that is, changing without any barriers according to the market feature. Advantages • Avoiding exploitation since it has no regulatory body. • Encouraging innovation, leading to an increase in production. Disadvantages • It encourages wastage because there is no strict budget on the loan. • It can lead to insolvency causing closure of the business. 2. Supply chain finance should promote the autonomy of business. The financial institutions should only offer capital to companies and leave the affairs of the business to be carried out by the management. They just act as a capital lending body in the form of loans. Advantages It encourages proper utilising of the workforce without external influences. Disadvantages It gives room for massive sourcing of loans. 3. Ethical decision making should be ensured by the management before joining and signing a contract with supply chain management. Advantages It enables the business to evaluate the methods of creation of goods and services and the human resources. This will avoid duplication of roles, which could be done by supply chain management. Disadvantages Misuse and misappropriation of solic...
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