As executives and leaders, we understand that while there are factors within our control, such as core competencies, there are also external factors beyond our reach, like freight costs, hidden fees, and inflation. This session will explore how to effectively manage what can be controlled, as well as building effective communications strategies with finance about the aspects that are beyond our control. Our panel of supply chain leaders will openly discuss their challenges, concerns, and strategies for optimizing cost reduction.
Learning Objectives:
1. Identify and optimize core competencies including demand forecasting, inventory management, and supplier relationships.
2. Examine various strategies for proactive cost management, including value analysis, standardization, and process improvement.
3. Discover successful approaches for initiating conversations, building relationships, and aligning priorities to foster effective communication with the CFO.
4. Explain the importance of accurate data collection, analysis, and reporting to identify cost-saving opportunities and measure the impact of implemented strategies.