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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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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

The forecast unemployment rate was 3.9%, essentially equal to the actual. In manufacturing, the average workweek edged down by 0.1 Survey data have been revised as a result of an annual benchmarking process and the updating of seasonal adjustment factors. Over the past 12 months, average hourly earnings have increased by 5.7%.

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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. PwC’s Finance Effectiveness Benchmark Report 2019. The Lean Enterprise Institute Inc. defines lean as creating more value for customers while minimizing waste which means using fewer resources. Download this article

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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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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.

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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. Key features.