About this event
In 2008, Siemens began the modern era of supply chain finance with a programme that has since grown to cover 4844 suppliers in 35 countries. But what was it like to be there at the very beginning?
In this special Working Capital Forum webinar, we bring together three colleagues who worked together at the start of the programme and have watched it grow to cover 120 Siemens entities with 18 funding banks.
Join us as Friedemann Kirchhof, Douglas Schoch and Markus Schiffers relive the early years of one the world's biggest supplier finance projects.
Among the topics we'll be covering are:
- Persuading internal stakeholders to support the project
- Building a team to deliver the programme
- Onboarding suppliers & explaining the benefits
- Rolling out the programme globally
- SCF as a competitive advantage
- What Lessons have been learnt?
As part of the conversation we'll be taking questions from our global audience of treasury and procurement professionals and opening the debate to look at what the future holds for SCF at Siemens and elsewhere.
Hosted by
-
Team member
Mike Hewitt Director @ The Working Capital ForumT
Mike has been CEO of Adaugeo Media, the company behind The Working Capital Forum, since 2012. Before that he was CEO of the European operations of the Association for Financial Professionals. Mike is a regular speaker, writer and moderator on working capital and treasury management topics.
-
Guest speaker
Douglas Schoch Vice President, Siemens Financial Services @ SiemensG
Doug Schoch has over 25 years of experience in applying trade finance solutions within various industries that have resulted in improved working capital positions and cash conversion cycle times. He currently serves as Vice President, Supply Chain Finance, Americas Region at Siemens. During his career at Siemens Doug has lead teams of credit risk and supply chain risk professionals to analyse and determine financial and performance risks. Doug holds a Master of Science Industrial Relations degree from Rutgers University and a Bachelor of Science Industrial Engineering from Pennsylvania State University as well as a Graduate Certification in Supply Chain Management from the Smeal College of Business at Pennsylvania State University.
-
Guest speaker
Markus Schiffers Managing Director @ OrbianG
Markus started his career at Deutsche Bundesbank before holding various management positions for 15 years at Siemens Financial Services in Germany and the US from 2000. As Head of Supply Chain Finance at Siemens, Markus worked in Siemens Treasury. He led teams in the US and Germany that developed and implemented a Siemens-wide supply chain finance program with ORBIAN. Prior to joining Orbian, Markus led the Business Development at an Asset Management and a Fintech Company in Switzerland. Markus graduated from the University of Applied Sciences (Hachenburg) in 1995 and received the CFA designation.
-
Guest speaker
Friedemann Kirchhof Head of Supply Chain Finance @ SiemensG
Friedemann Kirchhof is Head of Supply Chain Finance with Siemens Bank GmbH. He holds this position since April 2019 however, he was responsible for and gained experience in Supply Chain Finance since 2009. In his earlier career at Siemens, Friedemann worked in various positions within Siemens including Siemens plc in the UK and Siemens Financial Services GmbH in Munich. Friedemann started his career in financial services at Deutsche Bank AG. Friedemann holds a B.A. degree in Business Administration from the University of Applied Sciences in Ingolstadt as well as degrees in banking and industrial business of the Chamber of Commerce and Industry in Germany.
The Working Capital Forum
Where Treasury, Payments and Procurement MeetThe Working Capital Forum is a networking group for those in treasury, payments and procurement with a shared interest in optimising working capital. We hold regular conferences and meetings in global financial centres, both online and in our legendary round-table lunches.
