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Inventory Management in Manufacturing

VCFO

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result. A benchmark exercise can also provide insight here.

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Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Benchmark your industry before looking at your profitability so you know what to aim for. The end result is that you get the data you need faster for more accurate forecasts all without overburdening staff and increasing budgets.

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8 Forms of Waste in Finance Processes (Lean Approach in Finance)

Fpanda Club

Lean is usually associated with manufacturing and supply chain, but it can be applied to any field including finance. Examples of motion waste in finance processes are: unnecessary meetings and phone calls, people searching for files and folders to find necessary information, unnecessary iterations during budget cycle.

Finance 130
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Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Benchmark your industry before looking at your profitability so you know what to aim for. The end result is that you get the data you need faster for more accurate forecasts all without overburdening staff and increasing budgets.

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

The CFO needs to consider how AI can be leveraged not just for automating routine tasks, but also for providing deeper insights into financial forecasting, risk management, and strategic decision-making. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

CFO 52
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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning.

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Transcript: Neil Dutta

Barry Ritholtz

Well, it should be good for manufacturing. Forget the forecast. I mean, everyone is kind of up in arms about, oh, the ISM manufacturing PMI is below 50. growth because it’s going to juice (ph) exports, particularly of manufactured goods. So if you think inventories are done clearing out, what does that mean?