Even outside the manufacturing industry, CFOs who get involved in operations see an increase in efficiency that yields great value for their companies, so why don’t more CFOs do it?
For many CFOs, getting involved in operations is secondary to finance and accounting activities. These traditional responsibilities are certainly important, as companies need a CFO who can perform these duties accurately and strategically. But sometimes the best strategy comes from understanding exactly what drives performance, operations.
This CFO eBook will examine the ways in which CFOs can expand their role in operations to increase efficiency and therefore create value for their companies. From improving processes to managing supply chains and inventories, the CFO is a vital leader in the operations management.
Topics Covered in The Operations-Centered CFOInclude:
- How immersing yourself in operations, from placing yourself on the manufacturing floor to riding along on deliveries, improves process efficiency;
- The importance of preparing for the unexpected and diversifying your supply chain;
- Achieving the right level of capital expenditures;
- Why excess-inventory is a problem and how to remedy it;
- The consequences for CFOs who stray too far from finance and compromise reporting.