- In a Volatile Economy, Purchasing Practices Need to Change
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- Manufacturers must change procurement systems - Production efficiencies, rapidly rising commodity prices and increasing price volatility demand a new approach to purchasing for manufacturers. Three major changes over the past 2 decades have created a need for manufacturers to change their procurement systems.
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Take Assessment Watch Video- Wellness Runs in Manufacturing Industry
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- RISING COSTS OF HEALTHCARE Each segment of the manufacturing industry has a major issue forefront in their budget process: the rising costs of healthcare. These increasing healthcare costs are the number one concern right in front of unfavorable business conditions, according to the most recent survey from the National Association of Manufacturers (NAM). Below is some data from the latest NAM Outlook Survey; the concern is justified, and the issues appear to be escalating each year:
- CFO Talkx - 2024 Data, Analytics and AI Predictions and Prescriptions for CFOs - Sanjeev Chib
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- The comprehensive research report, The 2024 Data, Analytics and AI Predictions and Prescriptions for CFOs, offers invaluable insights to CFOs navigating these quickly evolving technologies and disciplines, including, the 2024 Predictions for CFOs on Data Protection and Risks by Sanjeev Chib.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
