The Ledger
Curated content foranalytical business leaders
CFO Journal: Look Beyond Direct Suppliers to Procure New Savings
October 14, 2021
“Despite the ongoing quest many CFOs have undertaken to turn the procurement function from a cost center into a source of value, optimizing indirect spend all too often is lower on the priority list. But CFOs and CPOs can collaborate to gain control over such spending —and now is a propitious time to do it.”
CFO Journal: Supply Chain Snarls Throw a Double Punch to Costs and Sales
October 12, 2021
“Among surveyed CFOs, 44% report that supply chain shortages or delays increased their companies’ costs by 5% or more. Nearly one-third (32%) note that their 2021 sales have fallen due to delays or shortages, with 28% expecting future sales this year to suffer. More than two-thirds of respondents (69%) indicate that their supply chains would become more diversified over the next three years, with 23% expecting greater vertical integration of their supply chains.”
CFO Journal: It’s Time for a Controllership Reboot
October 12, 2021
“The pandemic brought with it an unpredictable global environment and uncertain future. This decreased the value of historical financial reporting while increasing the need for real-time reporting, including data analysis, and predictive forecasting. Finding new ways to leverage real-time data and new forecast models, controllership could manage against multiple views and plausible scenarios to remain agile and resilient against an unpredictable future.”
Industry Week: ISM: Continued Growth, but No End in Sight for Labor, Commodity Shortages
October 12, 2021
“The price of aluminum has increased now for 16 months in a row alongside the trend in manufacturing growth. Other commodities up in price for longer than a year include polypropylene (15 months up in price), steel (14 months), and plastic resins (13). Electrical and electronic components were listed as up in price for a tenth month each, and semiconductors marked an eighth more-expensive month.”
