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The Link Between Finance & Production Planning

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
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  Article Summary  
With organization charts usually connecting production planning to executives and directors in operations, the importance of its close working relationship with finance isn’t reflected at first glance.

But when effective collaboration between production planning and finance is missing, risks increase in areas like working capital efficiencies, cash flow burn, vendor contracts, product mix and product obsolescence.

An on-demand CFO services professional has expertise in creating cross-department communications and processes – and is able to efficiently get the two areas in sync.

The many benefits of the two groups working together include establishing the right cash/inventory balance, improving capital utilization, and leveraging purchasing and sales data to optimize inventory and vendor contracts.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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