To succeed and put foundations in place, a modern CFO will have to be a champion and steward of digital technology, customer service, digital manufacturing, smart supply chain management.
With a 'Smart Operations' strategy in place, organizations can work with best practices in Demand Forecasting and Inventory Optimization to eliminate excess inventory and maximize service levels.
Plant downtime/idle time is a common operations and production management KPI. Its tracking and optimum regulation under the 'Smart Operations' function can be effectively used to the productivity advantage of an organization.
Over time, supply chains have moved from decentralized processing and selling to more centralized avenues. Their centralized processing capabilities have jeopardized their functioning during this COVID-19 pandemic.