How Rock Star CFOs SOLVE THE INFLATION PUZZLE

Rock star CFOs play a crucial role in helping businesses navigate and thrive in times of inflation. They provide guidance, strategic planning, and an understanding of what it takes to succeed in challenging times. In the Wholesale Distributor sector, rock star CFOs use emerging technologies to achie...

Full description

Saved in:
Bibliographic Details
Published in:American Fastener Journal 2023-09, Vol.39 (5), p.46-51
Main Author: Valderrama, Nelson
Format: Article
Language:English
Subjects:
Compensation plans
Corporate profits
Costs
Customers
Employees
Inflation
Inventory
New technology
Optimization
Price increases
Pricing
Profitability
Strategic planning
Suppliers
Supply chains
Wages & salaries
Working capital
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Rock star CFOs play a crucial role in helping businesses navigate and thrive in times of inflation. They provide guidance, strategic planning, and an understanding of what it takes to succeed in challenging times. In the Wholesale Distributor sector, rock star CFOs use emerging technologies to achieve Pricing Optimization and Inventory Optimization. They understand the importance of remaining data-driven in a volatile and confusing environment. CFOs must also understand the long-term risks associated with inflation and take action to mitigate rising input prices and shrinking margins. Four paths for rock star CFOs include improving supply chain visibility, looking beyond typical recruitment and retention strategies, improving working capital, and pricing for profitability. By implementing these strategies, businesses can adapt and thrive in the face of inflationary pressures. Rock star CFOs must act now to secure data-driven information advantages and sales leadership capabilities to ensure long-term success.
ISSN:1064-3834