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The Power of Supply Chain Management

CFOs must manage a war effort on multiple fronts. But investing time and energy into the company supply chain may be an effective way to bolster your efforts on every front all at once. Bob Patton writes an article for Forbes about how optimizing your supply chain can help to develop strategies that are not only efficient but also align with unique operational goals and requirements. Where in the supply chain to begin depends on the role you play in the business. Start with what you know, and as you mine and interpret the data that is collected, you will be better able to predict the trends that put you ahead of or behind the competition. Being able to monitor inventory levels, buyer trends, and risks are all noted examples. Patton says a strategic CFO will use technology and the numbers it generates to best identify KPIs that affect company finances. Use the power of supply chain wisely.

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

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