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

  Craig Guillot |   Free |   Jun 2021 |   FM magazine

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

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

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.