What Are The 5 Steps To Deliver Supply Chain Success?
Hint: they draw from finance, data, and analytics. Who is best placed to action this change?
That strategic overview, that experience with finance and data – all fingers point to the Chief Financial Officer.
It requires a skill set that is comfortable with reviewing the sort of information held within supply chains, identifying patterns, and understanding what it means.
A broad view of the entire business, its overall goals, and strategy is also a necessity.
At a time when we are all looking for new ways to optimize our operations, there is immense potential in bringing together CFOs and supply chains. Forward-thinking companies need their CFOs to have that strategic vision. Those that take this step will reap significant rewards.
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CFOs hold a unique position within most organizations – they have a broad view of the entire business, and they can bring that to bear to identify new opportunities and efficiencies. It is vital they do – as markets are upended, businesses are having to reevaluate every aspect of their operations.