The Ledger
Curated content foranalytical business leaders
Protecting Your Supply Chain From Disaster
June 27, 2017
A successful supply chain requires the flexibility, agility and foresight to be able to protect itself in the event of a disruption. Information gaps can turn disasters into catastrophes if the organization cannot accurately assess and respond to natural disasters or supply chain shifts. How can a supply chain and their channel partners proactively prepare themselves for factors outside of their control? The answer lies in improving in-house communication, effectively utilizing business intelligence, and promoting collaboration across the supply chain.
Read More at the Digitalist by SAP >
Creating a Strong Forecasting Framework
June 22, 2017
Trying to predict the future is a very difficult task, and often times finance professionals are not prepared for what is ahead for their company. In order to look into the future and prepare for what is to come, finance professionals must look at the past and present first. By creating a framework or a strategy for your forecasting, you can create a series of “what-if” scenarios that can give you a better idea of the future. There are six elements in this framework to detect weak areas in your planning. When it comes to planning and forecasting, it is better to focus on being prepared then being right.
The Stepchild of Finance
June 21, 2017
Cost Management is often seen as the stepchild of finance, even though it is a critical practice to every company. Despite cost management’s importance, CFOs face a big challenge when it comes to getting their management teams to support any cost management philosophies. Culture, budget, KPIs and analytics are four key attributes to an effective cost management process. Once cost management is supported by an established budget, KPIs, and analytics, it can become a part of a company’s culture — beginning with leadership and moving throughout the organization. The results can be significant and will form the foundation for a more profitable and successful business.
