If your view of the finance department’s function and capabilities is too rigid, you may be limiting options that can increase your agility in the face of supply chain disruptions.
Best-in-class companies set up cross-functional teams that include the CFO, finance team members, and supply chain and procurement team members. The goal is to work together to weigh the ramifications of business decisions and boost supply chain efficiency and resilience.
Finance leaders may need to set new types of goals that support the need for supply chain responsiveness.
What could your supply chain team accomplish through tighter collaboration with your company’s finance team? In this episode of The Agile Supply Chain Podcast, Bob Belshaw, Director of Business Development at Falcon Group, explains how this type of tight-knit collaboration can lead to benefits like greater supply chain responsiveness to changes in demand; more cost-effective and strategic inventory decisions; and greater agility when disruptions arise.
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