Improving a company’s performance and its risk management position are vital in today’s competitive business environment. Savvy CFOs are continually on the lookout for new strategies and, quite often, technology tools.
As such, it’s fairly common for finance chiefs to receive requests for new strategic supply chain platforms (SSCPs) that serve to maximize compliance and minimize risk.
Some of these proposals are more attractive than others, but distinguishing the “hard” savings from the “soft” can often seem more daunting than launching the project itself.
However, if you are approached by an enthusiastic supply chain team that’s excited about process improvements and incremental savings, it may well be worth a closer look. Let’s take a look at the why and how.
Adam Schabel
Have you ever experienced a legal dispute with a supplier where victory or defeat hinged on the communication of revised purchase-order terms and conditions — those that were supposedly issued six years ago? Or, received a follow-up communication from a supplier that allegedly never committed to revised quality requirements?
Or, perhaps, have you experienced an internal process breakdown…
