Companies often work to optimize costs in functional silos, but these discrete efforts risk driving costs down in one silo while increasing them in another – resulting in an overall negative bottom-line impact. Taking effective cost actions requires transparency across the supply chain that connects data from purchasing, procurement, transportation, logistics, sales, customer service, and other value-added services to create an end-to-end, connected view of costs.
For supply chain finance teams, ImpactECS brings together manufacturing and distribution information into a comprehensive, product-centric view of the total cost for making and moving your goods. By connecting product cost and logistics data, you can drive efficiencies and productivity improvements that consider both your individual department goals and the overall performance of your company. Leveraging end-to-end supply chain cost visibility allows you to identify initiatives that achieve individual department goals and drive overall enterprise improvements.
With 93% of organizations currently engaged in, or planning programs, to improve the quality of their cost information, it’s no surprise that finance leaders are keenly focused on the effects of product costs on their overall performance.
Check out this recorded discussion featuring forward-looking finance leaders that have made a positive impact on their organization’s performance by understanding the rules, tools, and data necessary to make informed tactical and strategic decisions.