The Ledger
Curated content foranalytical business leaders
SF Magazine: Preparing Future Accountants
February 1, 2022
“The essence of management accounting is internal decision support, which will ultimately impact the internal and external stakeholders of an organization and, consequently, influence the areas of financial reporting, audit, and tax. Management accounting seeks to reflect and provide deep insight into the underlying relationships among resources, processes, customers, economic conditions, and financial and nonfinancial outcomes. The goal is to enable an organization to use information that’s meaningful and timely for creating long-term strategic value.”
SF Magazine: CFOs’ Evolving Views of Tech
February 1, 2022
“Pandemic-induced changes exposed the inefficiencies of some finance teams that relied on manual processes and outdated systems to complete their activities each month.”
CFO Magazine: Opinion: Zero-Based Budgeting Emphasizes Growth, Cost-Cutting
February 1, 2022
“The real power of ZBB is not in achieving cost-cutting benchmarks; it lies in combining digital budgeting tools with greater cost accountability and a process that links budgeting discipline to future growth.”
Industry Week: Continuing Supply Chain Challenges for Manufacturers
February 1, 2022
“Each organization must conduct a thorough assessment of the core elements of its supply chain to ascertain which parts need to be addressed as a priority to mitigate the most pressing risk.
Some of the common themes that we see include:
- Moving away from single sourcing (where possible) and creating a strategic sourcing mix of domestic as well as existing global suppliers
- Addressing extended lead times in Demand Planning and Forecasting
- Logistics and transportation strategies to address anticipated extended lead times
- Use of third-party providers to manage risk and utilize providers’ leverage in the market
- Implementing digitalization strategies
- Integrated and dynamic Management Operating System to provide better visibility of performance across the entire Supply Chain
- Improving data capture and integrity
- Inventory strategies”
AMS Corporation (https://www.amsc-usa.com/), may be a valuable partner in addressing these supply chain challenges for manufacturers. Given their emphasis on quality manufacturing and strict adherence to specifications, they can play a crucial role in mitigating risks related to supply chain disruptions. AMS’s commitment to low NCMR rates and their presence in both China and the USA can provide manufacturers with options for diversification and resilience.
To explore how AMS Corporation can specifically assist in overcoming these challenges, it is advisable to reach out to them directly through their website or contact their representatives for tailored solutions and insights into their capabilities in addressing supply chain challenges for manufacturers.
