In many businesses FP&A is overtaking the supply chain to become the preeminent business function. It’s a remarkable turnaround, bringing with it a new breed of commercially minded financial professionals focused on helping the business grow.
Historically supply chain effectiveness was the key driver for success and profitability across a wide range of international businesses, not to mention many mid-market ones too. Finance teams were in the back office providing a reporting and compliance function but generally providing little value-add.
Supply chain excellence will always be absolutely vital, but in many organisations over the past five years the finance function has embraced financial planning and analysis (FP&A) to not just report performance, but to analyse data to deliver insights on pricing, demand planning, new product development, and profitability to help their business deliver its strategy.
Read more here.
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