Supply Chain Finance

1. Front Matter

   Pages i-xiii

   PDF

2. Introduction to Operations–Finance Interface

   • Lima Zhao, Arnd Huchzermeier

   Pages 1-19

3. Capital Structure and Financial Risk Management

   • Lima Zhao, Arnd Huchzermeier

   Pages 21-38

4. Supply Chain Risk Management

   • Lima Zhao, Arnd Huchzermeier

   Pages 39-55

5. Integrated Risk Management in Multinational Corporations

   • Lima Zhao, Arnd Huchzermeier

   Pages 57-76

6. Integrated Risk Management with Capacity Reshoring

   • Lima Zhao, Arnd Huchzermeier

   Pages 77-103

7. Supply Chain Finance

   • Lima Zhao, Arnd Huchzermeier

   Pages 105-119

8. Managing Supplier Financial Risk with Pre-shipment Finance Instruments

   • Lima Zhao, Arnd Huchzermeier

   Pages 121-142

9. Research Overview of Operations-Finance Interface

   • Lima Zhao, Arnd Huchzermeier

   Pages 143-183

This textbook presents a coherent and robust structure for integrated risk management in the context of operations and finance. It explains how the operations-finance interface jointly optimizes material and financial flows under intricate risk exposures. The book covers financial flexibility, operational hedging, enterprise risk management (ERM), supply chain risk management (SCRM), integrated risk management (IRM), supply chain finance (SCF), and financial management of supply chain strategies. Both qualitative and quantitative approaches – including conceptualization, theory building, analytical modeling, and empirical research – are used to assess the value creation by integrating operations and finance. 

“This book provides a comprehensive description of the interactions between finance and operations and of how managers can best make decisions in recognition of these effects.” John R. Birge, University of Chicago
“Supply chain finance is anemerging area where innovations can unlock great values to complement the advances in information and physical flows of supply chain.” Hau L. Lee, Stanford University
“This book provides an excellent overview of supply chain finance and its most recent advances.” Jan A. Van Mieghem, Northwestern University
“This book is indispensable for advanced students as well as practitioners when looking for a pedagogical sound and scientific rigorous approach to Supply Chain Finance.” Ralf W. Seifert, IMD/EPFL
“The book advances our knowledge on the interface between operations and finance and provides managerial guidelines for effective risk management in the supply chain.” Xiande Zhao, CEIBS

• corporate financial flexibility
• operational hedging
• enterprise risk management
• supply chain risk management
• integrated risk management
• supply chain finance
• financial management of supply chain strategy
• SCF
• ERM
• SCRM
• IRM
• quantitative finance

“The book provides a comprehensive description of the interactions between finance and operations in the management of firms by also providing tools for best making decisions in the field. … The book can be very useful for students, practitioners and academics, as well as researchers and global managers, who can find in it valuable insights and directions for further investigation.” (Doina Carp, zbMATH 13.93.90.003m, 2018)

• Associate Professor of Supply Chain Management, Ningbo Supply Chain Innovation Institute China, MIT Global SCALE Network, Ningbo, China

  Lima Zhao

• Chair of Production Management, WHU - Otto Beisheim School of Management, Vallendar, Germany

  Arnd Huchzermeier

Lima Zhao is Assistant Professor of Supply Chain Finance at WHU—Otto Beisheim School of Management, Germany. He was a visiting scholar at Kellogg School of Management at Northwestern University, USA.

Arnd Huchzermeier (Wharton Ph.D. 1991) is Chair of Production Management at WHU—Otto Beisheim School of Management, Germany. He co-directs the INSEAD-WHU Industrial Excellence Award.

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