Optimising the Cash Cycle: Standards in the Supply Chain

At the recent Cash Sustainability Forum in Frankfurt, Cash InfraPro presented on the challenges and opportunities of making the cash supply chain work well.

The starting point is standardisation combined with a flow of transparent data end-to-end. Standardised units, labelling and reporting brings efficiency and visibility to stakeholders. It offers the opportunity to do things differently and can change the relationship between stakeholders, allowing mutual benefit.

The presentation also looks at what central banks can change to optimise the cash cycle, including reflecting on the how the private sector will have to change should a central bank introduce changes.

1. Standards and cash supply chain

Uniform engineering/technical criteria, methods, processes and practices which are agreed and widely followed offer opportunities for increased efficiency. If they are shared and harmonised across producers, IT (as open standards) and suppliers, and they flow down to individual processes and systems within an industry, then alignment is possible.