Explain the concept of financial supply chain, Supply Chain Management

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Online electronic billing and payments are becoming the common method for effecting business transactions.

a. Explain the concept of Financial Supply Chain (FSC) and illustrate using a diagram how B2B transactions take place from the time of placing an order to settling a payment using purchasing card.

b. Using a diagram, explain the electronic bill presentment and payment process, and discuss the benefits of the process to the enterprise as well as to the customer.


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