PA says cost cutting FDs should fine-tune financial sourcing

Posted by Janice McGinn in Strategy & Planning, Management & Execution on Mon, 26/10/2009 - 10:44
  • Full strategic sourcing won't secure significant, short-term cost benefits.
  • Good housekeeping should identify areas where you can reduce the costs of your financial sourcing.
  • Reduce and eliminate redundant demand.

It is a widely-held belief that financial sourcing disciplines provide techniques that can fine-tune the running of an organisation. However, developing and rolling out a full strategic sourcing plan will not secure you significant cost benefits in the short term. Cost benefits typically appear in the mid-term, says Simon Tennant, Head of PA Consulting Group’s Shared Services Consulting.

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What are your top business challenges today?

2009-08-12 14:53 - 10425 reads
Getting through to 2H 2010
7% (5 votes)
Planning strategies for growth after the recession
14% (10 votes)
Keeping down costs
31% (22 votes)
Raising capital and credit
6% (4 votes)
Maintaining a healthy cashflow
42% (30 votes)
Total votes: 71

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