Business English Lesson – Advanced Level''''s archiveFinancial Supply Chain Management ppt

Business English Lesson – Advanced Level's archive
Financial Supply Chain Management
1. According to Ray Moore of HSBC, the efficient
management of information across the financial supply
chain (FSC) is a critical in getting goods to market
early and at the lowest cost.

bottleneck
circumstance
enabler
factorial
2. As international supply chains become longer and more
complex, the risks and costs with fulfilment continue
to increase.

committed
endemic
inherent
specific
3. The focus of many supply chain management initiatives
to date has been the physical processes and logistics
costs that are easier to track, but this focus is increasingly
shifting towards FSCs and the less costs hidden in
payments, risk management and working capital
management processes that are equally important.

variable
venerable
viable
visible
4. Banks are under increasing pressure to demonstrate

how core competences can be better applied to improving
the efficiency of the FSC: this can be defined as the
'purchase-to-pay' process from the buyer

inspection
perspective
respectively
suspected
5. In order to meet the challenge, banks are re
traditional trade services and developing new solutions to
meet a constantly evolving trade environment and rising
customer expectations about what banks can do for them.

incorporating
installing
instigating
invigorating
6. Most large buyer organisations either source from low
cost countries or have established managed services or
production facilities that take advantage of lower labour
and operating costs, and the pressure to source from
these countries and source direct to eliminate expensive
trading intermediaries continues to

amount
emerge
merge
mount
7. The initial about vastly reduced unit costs has,
however, been tempered in recent years, as corporates

take a more sophisticated approach to the calculation of
total fulfilment cost, which includes all logistics, working
capital and finance related costs involved within its supply
chain.

anesthesia
euphoria
hysteria
inertia
8. The approach — often the characteristic of an
aggressive buyer — is being replaced with the realisation
that there are greater business benefits associated with
working more collaboratively with suppliers to help them
improve efficiencies and reduce their costs.

adversarial
effectual
entrepreneurial
influential
9. The focus for many organisations has been streamlining
and automating the physical supply chain in order to
reduce costs; for practice organisations, the
reduction of 1-2% of total costs of fulfilment is critical to
keeping a competitive edge.

all
best
in
past
10. However, as physical supply chains are optimised,

savings become harder to realise; this is when the focus
shifts to FSC opportunities; the quantum to
streamlining the FSC, where organisations could save 2-
3% plus potential savings by taking paper out of the
system, is now being taken by many corporates.

approach
field
leap
mechanics