Supply Chain Management in the Banking Industry: A Literature Review

Majumder, Mohammad Ismail; Habib, Mohammad Mamun

doi:10.4236/ajibm.2022.121002

Cited by 6 publications

(6 citation statements)

References 16 publications

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“…Adhering to regulatory requirements and standards governing financial transactions and supply chain activities is paramount. Banks and financial institutions must ensure compliance with antimoney laundering (AML), know your customer (KYC), trade finance regulations, and data privacy laws to mitigate legal and reputational risks associated with non-compliance (Majumder, and Habib, 2022.). Overall, the integrated banking-supply chain model encompasses a holistic approach to financial management and supply chain optimization, driven by collaboration, innovation, and technology-enabled solutions.…”

Section: Key Components Of the Integrated Banking-supply Chain Modelmentioning

confidence: 99%

“…At its core, the IBSC model represents a strategic integration of banking services with supply chain management practices. By fostering collaboration among various stakeholders, including banks, FMCG companies, suppliers, and distributors, this model seeks to streamline operations, enhance transparency, and mitigate risks throughout the supply chain (Majumder, and Habib, 2022;Chen, et al, 2021). In this context, it becomes imperative to understand the nuanced dynamics of FMCG industries within emerging markets.…”

Section: Introductionmentioning

confidence: 99%

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The Integrated Banking-Supply Chain (Ibsc) Model for FMCG in Emerging Markets

Tolulope Esther Edunjobi

2024

Financ. account. res. j.

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The Integrated Banking-Supply Chain (IBSC) model represents a comprehensive framework designed to enhance the efficiency and resilience of Fast-Moving Consumer Goods (FMCG) supply chains in emerging markets. Emerging markets present unique challenges, including infrastructural limitations, economic volatility, and limited access to financing. The IBSC model addresses these challenges by integrating banking services with supply chain management practices, fostering collaboration among stakeholders and leveraging financial instruments to optimize operations. This paper explores the key components and benefits of the IBSC model within the context of FMCG industries operating in emerging markets. It highlights the significance of collaboration between banks, FMCG companies, suppliers, distributors, and other stakeholders to promote transparency, efficiency, and accountability throughout the supply chain. Moreover, it emphasizes the importance of tailored financial services, such as trade finance, working capital loans, inventory financing, and supply chain financing, in meeting the unique needs of FMCG businesses in emerging markets. Trade finance plays a pivotal role in facilitating international trade transactions by providing financing for importing raw materials and exporting finished goods. Working capital loans assist FMCG companies in managing their day-to-day operational expenses, while inventory financing enables them to leverage existing inventory as collateral to secure financing and optimize cash flow. Supply chain financing mechanisms, such as factoring and invoice discounting, provide liquidity to suppliers and distributors along the supply chain, thereby enhancing overall efficiency and resilience. Overall, the IBSC model offers FMCG companies in emerging markets a strategic approach to overcome challenges related to supply chain management and financing. By integrating banking services with supply chain operations, the model enables FMCG businesses to optimize working capital, reduce financing costs, and improve cash flow management, ultimately enhancing their competitiveness and sustainability in rapidly evolving markets. Keywords: Integrated Banking-Supply Chain Model, FMCG, Emerging Markets, Supply Chain Management, Financial Services, Collaboration.

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Section: Key Components Of the Integrated Banking-supply Chain Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Integrated Banking-Supply Chain (Ibsc) Model for FMCG in Emerging Markets

Tolulope Esther Edunjobi

2024

Financ. account. res. j.

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“…Green Supply Chain Management (GSCM) has emerged as a potential solution to eradicate all emissions and damage to the earth to ensure sustainability [7]. In a supply chain, all the integration phrases-inventory management, organizational assemblies, sourcing, connecting links, intra-enterprise communication, cost management, supply chain synchronization, and production route are carefully assessed [8] as the supply chain's performance depends on the harmonization of all stakeholders of that supply chain to attain the set target [9]. [10] argued that any enterprise can construct a greenery supply chain by incorporating modularity within each stages of product design, using environmentally beneficial substances and by improving a product's aptitude towards recycling.…”

Section: Green Supply Chain Management (Gscm)mentioning

confidence: 99%

Green Supply Chain Management Practice in the Banking Sector: A Literature Review

Nandy

Habib

2023

IJSCM

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Reviewing the state-of-the-art literature, the authors in this paper have demonstrated how various tactics of Green Supply Chain Management are being practiced in Bangladesh and the prospects of such strategic implication on the banking sector. This paper is based on the secondary data, particularly selected articles published in various online databases from the year 2011 to the year 2023. The study shed lights on many innovative measures of digitalization, while a gap has been spotted between the existing policies and practices. Thus, being a highly systematic and structural business, banks in Bangladesh are yet struggling to adopt a unified green supply chain model to ensure overall green construction. Additionally, the findings may benefit policy makers and managers to formulate strategic decisions regarding the value implying various techniques of greening throughout the supply chain. A conclusion has drawn with the scope of the potential research opportunities to attain a sustainable supply chain which will accelerate the economic inclusion of the economy.

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“…For manufacturers, out of stock will increase the procurement cost. More seriously, it will stop the work and wait for materials, which will affect the normal production operation [44]. Ordering cost refers to all expenses incurred in the ordering process, including two expenses.…”

Section: Contents and Characteristics Of Inventory Managementmentioning

confidence: 99%

Inventory Management Optimization of Green Supply Chain Using IPSO-BPNN Algorithm under the Artificial Intelligence

Guan

Yingli

Qin

2022

Wireless Communications and Mobile Computing

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This exploration is aimed at reducing the waste of resources in the supply chain inventory management and provide better services for green supply chain management. It mainly proposes a backpropagation neural network (BPNN) model based on improved particle swarm optimization (IPSO) (IPSO-BPNN) and applies it to inventory management prediction. First, the important technologies of green supply chain and intelligent supply chain are analyzed from the perspective of the ecological environment. Next, the particle swarm optimization (PSO) algorithm is optimized based on the adaptive improvement of the learning factor and the addition of the speed mutation operator. Then, it is applied to the learning and training of BPNN. Finally, the simulation experiment of the combination model is conducted. The application fields of the combination model are analyzed. The results show that a single BPNN model will produce large errors in the training process. The final error of BPNN using the traditional PSO algorithm is 0.0259, while the error of BPNN optimized by IPSO is 0.0163. The optimized combination model has higher accuracy, better performance, and the lowest error rate. The classification error rate of its training set and test set is 1.51 and 2.16, respectively. The mean square error of the training set is 0.0163 and that of the test set is 0.0229. Under 6 ~ 12 different hidden nodes, the daily measurement model error and monthly measurement model error are both low when the number of nodes is 11. Moreover, the training set is always better than the test set. Finally, the network structure of the combination model is determined as the structure of 6-11-1. This prediction module will provide purchase volume suggestions and inventory volume suggestions to provide a feasible direction for the green development of inventory management.

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Supply Chain Management in the Banking Industry: A Literature Review

Cited by 6 publications

References 16 publications

The Integrated Banking-Supply Chain (Ibsc) Model for FMCG in Emerging Markets

The Integrated Banking-Supply Chain (Ibsc) Model for FMCG in Emerging Markets

Green Supply Chain Management Practice in the Banking Sector: A Literature Review

Inventory Management Optimization of Green Supply Chain Using IPSO-BPNN Algorithm under the Artificial Intelligence

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