Most of the overseas procurements are handled my my manager & he isn't willing to share or do by myself. I'm not familiar with the term "Irrevocable LC". please explain this term & operations.

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What are the likely pros, cons and potential challenges, for buying organisation on charging suppliers/vendors (annualy) to be on its Supplier Relationship Management (SRM) module?

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Companies implement SCF because of Working Capital optimization, Supplier liquidity needs, SRM, Supply chain stability improvement, cost reductions, and Optimize corporate finance (incl. Asset financing).
My special thanks to the Procurement League for giving me this opportunity.

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"PROCON Online Forum 2021"

· The evolution of Procurement & SCM. Challenges, Motivations, and transformation into Digitalization by the adoption of Industry 4.0 Technology.

Thank you for this great opportunity OptiBuy & Procurement League Team.

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