Small and medium sized enterprises have limited power in the supply chain and limited resources to invest in advanced planning systems. This makes it difficult to cope with the latest challenges such as mass customisation which puts higher demands on the companies’ ability to attune its production planning to customers' wishes and their suppliers. The paper presents possible types of supply cha...

Factoring is explicitly linked to the value of a supplier’s accounts receivable and receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt firm. Therefore, factoring may allow a high-risk supplier to transfer its credit risk to higher quality buyers. Empirical tests find that factoring is larger in countries with greater economic deve...

Teleworking is the key to a more flexible design of working time and places of work on the way to the modern information society with a knowledge oriented growth of economy. The rapid development of electronic networking systems such as Internet and the penetration of ISDN-based applications have demonstrated the enormous potential of technical facilities for new employment models. This paper d...