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Complex supply chain networks 'create risk'

28 March 2012

Finance executives believe commercial risks are growing as global supply chain networks become more complex, a new survey has indicated.

The latest Cost of Control - Disrupted Networks report from purchase-to-pay solutions provider Basware found that 59 per cent of finance officers are worried about the level of transparency in their current supply relationships.

In addition, 64 per cent of respondents said a more visible and open supplier network would help to address some of the problems associated with globalised supply chains.

The findings were based on interviews with 550 executives at finance director and chief financial officer level around the world.

Chief executive of Basware Esa Tihila described the modern supply chain as "a complex web of commercial interactions".

He added: "To navigate the complexity of these supply chain networks successfully, buyers and suppliers need to focus on building collaborative relationships and sharing information."

According to research published by procurement services provider Achilles last month, one in 12 UK businesses believe more than half of their suppliers are at risk of financial failure.

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Categories: Functional Practices, Procurement & Supply Chain


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