Integrating Finance and Supply Chain Functions

A really great article on finance and supply chain integration. 

http://www.ey.com/Publication/vwLUAssets/EY-Partnering-for-performance-the-CFO-and-the-supply-chain/$FILE/EY-Partnering-for-performance-the-CFO-and-the-supply-chain.pdf

The article is worthy of a good read and identifies the real benefits to organisations from aligning their finance and supply chain functions:


CFOs and supply chain leaders are creating alignment between strategy, finance, tax and operations, unlocking hidden value within the organization and strengthening financial performance.

Recognising the true value that supply chain and procurement brings helps financiers understand the value that is added and moves away from the accusation of "knowing the cost of everything and the value of nothing".
 
Disappointingly it is western Europe left trailing in the wake of Asia and the US in recognising the benefits of an integrated approach.  However, on a positive note the integrated approach in the UK is more widely adopted than in Europe.
 
Very interestingly the article draws out the correlation of willingness to integrate with time in appointment.  More recent appointees are more willing to engage than their longer serving colleagues.
 
The article draws on experience from world class supply chain and finance professionals from global companies but the issues identified throughout are relevant to all organisations, regardless of size.  I wholly commend this excellent article to you.

 
 
 
 
 
 
 
 

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