CFOs are Ignoring Supply Chain Risks as Cost Cutting Tightens.
PR Newswire Europe, June, 2009
GUILDFORD, England, June 22 /PRNewswire/ --
- Global Study Highlights Increased Risk of Missing Links Between Finance and Procurement
- Just 28% of CFOs say procurement has a significant impact on financial
risk exposure
- Less than half see any level of integration between procurement and
finance processes
- Almost 60% of indirect spending untracked by global organizations
- 64% of respondents rate cost cutting as top priority, where as just 39%
cite reducing risk as a priority
Chief Financial Officers in organizations across the globe are shunning risk management in favor of cost cutting, and are failing to treat supply chain dangers seriously enough according to a major new piece of...
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