How future-proof are the definitions of SCF?
The presentation “How future-proof are the definitions of supply chain finance (SCF)?” by Jan H. Jansen at the conference ‘Centre for Applied and Innovation in Supply Chain – Africa’ (CARISCA 2023):
- Traditional definitions of SCF:
- Various definitions exist, ranging from strategic to operational levels.
- These definitions emphasize collaboration, risk mitigation, and financial performance improvement.
- Examples include Steeman’s, ING’s, and PrimeRevenue’s definitions.
- Future requirements for SCF:
- SCF must adapt to changing business paradigms, such as the shift from Anglo-Saxon to Rhineland models.
- Sustainability and circular economy principles should be integrated into SCF.
- Building bricks for a new definition (SCF 5.0):
- Consider multiple value flows beyond financial flows.
- Embrace circular/sustainable supply chains.
- Address social, environmental, and economic aspects.
- Future research:
- Explore sustainable SCF in specific sectors (e.g., cocoa in Ghana).
