Monthly Archives: May 2020
Your plans useless but you’re still planning
“Planning in such highly uncertain times must focus on the ability to quickly and flexibly react to fast changing circumstances. Doing so effectively, requires that the company has thoroughly mapped its supply chain, including the physical locations of its suppliers’ plants and warehouses, so it can quickly identify which of its products might be affected […]
COVID-19 Affects on Manufacturers
“We learned that some manufacturers wish they had put more thought and effort into the digital transformation prior to the COVID-19 pandemic. But many of these companies have since adapted and are now adding new digital technologies and digitally enabled solutions as opportunities arise. The ability to readily share and analyze operations and supply chain […]
Are You Really Data-Driven?
“Being a data-driven organization takes more than great technology and quality data. Like other aspects of digital transformation, it requires the right internal processes and culture — where the business properly guides incentives and takes steps to ensure that data is driving decisions appropriately. Failing to do this can lead to data misuse, which can […]
FP&A Becomes More Visible to Senior Leaders
“FP&A professionals noted that they were taking part in an unending task of analyses and sensitivities; nearly one in three practitioners are producing a reforecast every day. This may sound trivial, but as Jack Alexander noted in his video interview, FP&A needs process discipline when developing and evaluating forecasts and scenarios. There are an infinite […]
From Uncertainty to Agility
“The COVID-19 crisis has highlighted the need for sophisticated, institutionalized risk management, including real-time scenario planning, business continuity planning and “sense and respond” capabilities. In the aftermath, we will likely see greater flexibility in network capacity, more local and multi-sourced supply, and multi-skilling of employees.” Read more at SCM World >
[ON-DEMAND] #CostTalk: The Value of Costing in Changing Business Environments
Consumer goods finance executive Steve McKiddy joins 3C Software CEO Matthew Smith to discuss the critical issues facing today’s finance teams – the need for dynamic modeling capabilities, the shift in power between manufacturers, suppliers, and consumers and more. Hear their insights on how a focused and integrated costing program helps companies improve their commercial […]
U.S. Poultry & Egg Association 2020 Financial Management Seminar
Join us and the U.S. Poultry & Egg Association to get informed on the most impactful topics for financial management in the “most innovative and progressive segment of animal agriculture”. “The Financial Management Seminar ensures that industry financial managers stay informed of accounting practices and tax laws that affect the industry. The seminar also previews current […]
Modeling Through the Current Crisis
“Creating financial and operating models is critical to creating alignment across the enterprise, and FP&A professionals are making numerous scenarios to understand actions, impacts and options. FP&A professionals have a sober view of the duration of this crisis, with 66% creating financial models that assume the crisis will last for three quarters or more. This […]
CFOs are Best Positioned to Drive Digital Transformation
“Research from Accenture identifies that 77% of CFOs surveyed believe it is within their purview to drive business-wide operational transformation. Yet, a reliance on antiquated tools can stand in the way of digital reinvention, which could lead to missed opportunities or inaccurate forecasts that undermine performance.” Read more on LinkedIn >