There are two primary ways to curtail the distribution of counterfeit products.
What finance chiefs are and should be doing to brace their organizations for the likely economic downturn.
S&P reports that companies are implementing contingency measures including inventory boosts, warehouse relocations, and supply chain adjustments.
Stanley Black & Decker has doubled its size multiple times in its CFO's 20 years at the company. Doing it again requires a different, higher-tech approach.
Using packaging designed for direct-to-consumer shipments, rather than in-store display, can reduce the cost of goods sold by several percent.
Companies should use their supply chain to anticipate customer trends and also adopt a zero-based approach to the function.
The supply chain affects more than 37% of a company's operating expenditures. But responsibility for it shouldn't fall on the CFO's shoulders.
Customer service issues related to a French factory had "a larger than previously foreseen impact" on Q1 sales, the company says.
The company has been able to offset higher supply chain costs by cutting back on discounts and other expenses.
Mid-market firms can be resource-constrained, but when it comes to sustainability their nimbleness can be an advantage.
A report by Moody's says lax accounting requirements for reverse factoring arrangements helped mask the U.K. firm's deteriorating financial condition.
"I have yet to hear of a company vision, mission, or strategy that’s related to cutting costs."
