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Rewriting the rules
FP & A is overtaking the supply chain as the pre-eminent function, but it’ s good news for supply chain leaders.
By Andy Walker
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 organizations over the past five years the finance function has embraced financial planning and analysis( FP & A) to not just report performance, but to analyze data to deliver insights on pricing, demand planning, new product development, and profitability to help their business deliver its strategy.
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