Extra Profit Blog

COST SAVINGS: WHO IS ACCOUNTABLE?

April 18, 2017 created by Peter de Heer

Both Finance and Procurement touch upon the workings of all functions through¬out the organisation. They both have entangled financial responsibilities and therefore should speak each other’s language and understand and respect their complementary role. Given the cascading down of a company’s financial objec¬tives, the Procurement strategy should be aligned with the CFO’s long-term plan. Read more

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