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Opinions and views from expert CFOZone members.

Tag >> IBM
Oct 08
2010

Use cash to support the supply chain

Posted by dbedell in Wal-Martsupplierssmall business lendingSiemensIBMHPfinancial supply chainDPOdays payables outstandingcash flow forecastingCash

dbedell

Cash-rich companies are starting to spend again-both on buying up cheap assets and on repurchasing shares, according to a number of media reports. But they also continue to use that cash to more effectively manage their supply chain, reduce cost of goods sold, and ensure supplier stability.

Enrico Camerinelli, senior analyst at Aite Group, says that very large corporates that are cash rich are not ready to put money in bank deposits, but still want to put it to good use. "They are looking at ways to use this cash to ensure business continuity, particularly by helping suppliers still in difficult situations without access to bank funding," Camerinelli says.

Sep 21
2010

New portal to help suppliers bid large corporate contracts

Posted by dbedell in web portalUPSTechnologysupply chainsmall and medium-sized businessPfizerlarge-cap companyIBMcontract managementCitiCashbiztechBank of AmericaAT&T

dbedell

Small suppliers in the US will soon have an easier mechanism to bid for large corporate contracts, as a consortium of firms have announced the launch of Supplier Connection—a portal geared at simplifying and standardizing the application process for large corporate contracts.

The site, which is expected to launch early next year, is being set up by IBM, AT&T, Pfizer, UPS, Bank of America and Citi. To begin with, it will host applications for bids on their business, but will also open to other companies that want to sign up and participate as it grows.

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