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 ap...