Many shippers miss out on potential cost reductions and efficiencies because their supply chain and finance organizations don't work together. Only 25 percent of companies recently surveyed by London-based consultant Ernst & Young (EY) have achieved such collaboration. The report also suggests that global supply chains deliver better results when CEOs are involved in the loop. Most of the 423 finance and supply chain professionals polled say their relationship has become closer in the past three years. But only 26 percent of finance executives and 21 percent of supply chain executives report that their CFOs' contributions to the supply chain are based on an enabling and collaborative business partnership. Companies where finance and supply chain executives collaborate closely report better results, the EY survey finds.
展开▼
