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Supply Chains for Financial Institutions
As a consequence of the Internet and advanced technologies, companies that operate brick and mortar businesses are finding that to survive they must have a strong internet presence. In the banking and financial industry, all the major banks have online banking services, and other firms that are not affiliated with existing banks, such as First Internet Bank of Indiana, have opened online banks. Because financial services do not involve a physical product, they are easy to offer on the Web (Schneider, 2004). The supply chain used for a brick-and-mortar business differs from the supply chain used for businesses that operate on the web. Originally supply chain management was developed to reduce costs, but today the goal of the supply chain is to add value in the form of benefits to the ultimate consumer at the end of the supply chain (Schneider 2004). When a company makes the important decision to offer services online, modifications......
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Title: Supply Chain For Financial Institutions
Approximate Word Count: 1132
Approximate Pages: 5 (250 words per double-spaced page)
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