Article?"Payment on Account" featured in CPO Agenda

Supply chain finance can help procurement to head off cash flow problems for suppliers. That is the subject of this article. Research involving several multinational companies, including Philips, has highlighted seven key points to consider in practice. One can find the article under the following link:;

The article is published in the summer 2010 issue of CPO Agenda. The authors are RSM alumnus Joris Bonants, currently working at Philips Lighting, Finn Wynstra, professor of purchasing and supply management at RSM and Frank Verbeeten, associate professor in accounting and control, also at RSM.