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Technical

4 basic tactics CFOs can use to boost resilience in the supply chain

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Craig Guillot | Free | Jun 2021 | FM magazine

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Description
Comments/Reflections

Supply chain disruptions remain a problem a year into the pandemic. Here are four basic tactics CFOs can use to be better prepared the next time a crisis hits.

Topics covered:

Management accounting: Business: Process management, Advanced
Management accounting: Technical: Risk management & internal control: Risk management policies & procedures, Intermediate

2 Comments/Reflections

Michele Fensom Apr 2022

Most of what has been written is common sense approach and engagement of others in the organisation.

I have been involved in many process changes in my time as an accountant and to be honest really enjoy looking for improvement but not changing to change sake. As I work as an independent accountant i can offer clients advice when their businesses are growing.

Dafydd Jones Aug 2021

Some key points highlighted:
Diversification of supply chain can save a business during stress scenarios, allowing flexibility.
Sharing issues with key stakeholders as soon as they arise can lead to alternative (and often simple) solutions.