While the logistical supply chain has undergone a major evolution over the past 30 years, the financial supply chain has not kept pace. Improving transaction processing between corporates and banks and better integrating the logistical and financial supply chains were the topics of Thursday morning's plenary session at Sibos 2004.
David M Taggart, VP and treasurer of The Coca Cola Company, described the current pain corporates experienced from using and integrating multiple complex systems. I do not want to be in the information systems management business, he said. I really don't feel like we're being efficient. We as corporates are spending too much time, energy and money addressing these problems.
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