CFOs’ Views on Procurement - Information, Risk and Money
Sponsored by Ariba.
Click here for more on our CFOs’ Views on Procurement – Information, Risk and Money topics and free downloads
The battle to control costs is about more than saving money. It’s about improving performance. And leading procurement organizations recognize that in order to succeed, they must enlist a new ally: finance. In this podcast, Paul Tong, Senior Product Manager, Ariba, discusses the results of a recent survey conducted by CFO Research Services which shows that a majority of finance executives consider procurement a key partner in driving improved cost management, business unit decision making and planning, budgeting and forecasting.
Click the Play button below to listen.
July 18th, 2007 at 7:09 am
Ah…I wish I worked for a company that had this mindset. Our management is still spending dollars to save dimes. We have no financial efficiency targets and therefore the costs aren’t measured against the return. Our CFO only sets cost goals, but there is no internal dialogue on strategy. If only I could sneak this audio into a meeting…
June 27th, 2008 at 5:38 pm
Without a doubt, automation and visibility are important. Building the bridge partnership bridge between Procurement and Finance and/or any othe lOB clients or key suppliers takes finesse.
Here at Market Focus (www.marketfocus.com) we utilize our Category and Sourcing Managers Executive (CasMe) subscription services to facilitate the share of Best Practices and nuances from those experienced, and living in that world!
Use the tools and leverage the knowledge and address the stakeholders needs and perceptions - it’s a win-win-win!
May 16th, 2009 at 7:44 am
Nice work, keep it up.
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May 16th, 2009 at 7:51 am
not an easy task to go that…
November 3rd, 2009 at 6:30 am
Awesome job !!! keep it up.
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