The Ledger
Curated content foranalytical business leaders
Digitize Your Supply Chain to Increase Visibility & Maximize Velocity
We are at the beginning of a new era: the era of the digitized real-time supply chain that is enabled by the rapid digitization that comes with emerging technology. A real-time supply chain involves understanding and predicting what internal users and customers will need right now, even before they themselves recognize that they need it. Response velocity is the next capability that will define competitive survival. Velocity is the ability of an organization to drive working capital rapidly from suppliers through end customers. However, improving velocity requires visibility into all supply chain activities. Visibility allows individuals to see what is going on, and empower these individuals to interpret information and rapidly make decisions in response to data.
Read More at The Digitalist by SAP >
Optimizing Your Supply Chain with External Data
In this digital age, consumers are more demanding and, with e-commerce as a major competitor, empty store shelves are a no-go. By focusing on external data that involves the world around you, organizations are a huge step closer to a more consumer-oriented supply chain. External information from an Australian FMCG consultant partner can give you the opportunity to create a 360-view of your own company and the economy you operate in. And, it gives you the ability to discover where you can add value to your business. Starting with the point-of-view of the customer, you can optimize your entire supply chain.
Read More at The Digitalist by SAP >
Efficiency: A Crucial Factor in Achieving Timely Forecasting
Financial forecasting accuracy is a high priority for CFOs, and doing it efficiently is ideal. However, when managers chase accuracy, the act of forecasting often causes them to alter their action plans, which alters their ability to track forecast accuracy. Forecasting well and forecasting quickly are often linked. Those who can do it quickly are most likely capitalizing on available technology and are able to produce mini-forecasts on demand. They are tracking key drivers and have established algorithms that allow them to pull a forecast at any time. They’re also tracking leading predictive indicators. It is important to understand that getting accurate information in a timely fashion is the difference between getting caught in a storm and being prepared for whatever conditions lie ahead.
Refocus Strategic Performance for Long-Term Growth
“Companies need to understand, manage, and align their long-term value drivers to achieve sustainable value creation, especially in today’s constantly changing business environment.”
Companies need to innovate at an increasingly rapid pace in order to survive and thrive in today’s environment. Finance leaders need to drive and support innovation that will enable their organization to achieve greater long-term value creation. It is importance to understand what really creates long-term value in the organization, and develop ways to measure it and manage it. A long-term approach to measuring success is key.
Read More at Strategic Finance Magazine >
