Collaboration across finance, procurement, and supply chain helps companies save money, avoid supply chain disruption, and take advantage of strategic opportunities. Operational silos and disparate goals, however, stand in the way or result in supply chain disruptions, bringing a company to its knees. By bridging the gaps across finance, procurement, and supply chain through common risk languages – and by creating a more collaborative environment among all three – organizations improve procurement processes, glean higher returns from supply chain management assets, reduce supply chain risk, and improve their bottom lines. 

 

Contributors: FedEx, RapidRatings
Categories: 2019 Fall - Carlsbad, Summit Presentations
SRC Type: Risk Management, Sourcing Management