Source: MPI Europe
MPI Europe explains the FasterCash initiative from Intel, an electronic alternative to paper-based supply chain processes.
Intel has drawn together an ecosystem of consortium partners to deliver the FasterCash solution, based on the following goals:
- Connecting the physical and financial supply chain
- anyplace, anytime, anywhere electronic access to supply chain processing
- reducing the inefficiencies in time and cost and risk exposures of current processes
- combining innovation and the intelligent reuse of existing components and standards
- provide more timely and more efficient access to market leading financing
- redefine and thereby streamline commercial processes
- promote standards, interoperability and integration of electronic trade data
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