What CFO's Need to Know About Supply Chain Transactions

Many CFOs know little about the thousands of daily supply chain transactions that affect their companies. These transactions are often viewed as "routine" and are largely ignored by senior management, despite the fact that they pose huge potential risks to the organization. The sheer number of the daily supply chain transactions makes mistakes and missed opportunities a huge risk. Moreover, these transactions expose the company to potential claims and lawsuits. Poorly defined responsibilities inevitably lead to busted budgets and failed objectives. CFOs owe it to their company and their careers to be knowledgeable about supply chain transactions. This book addresses those issues and has been acclaimed by CFOs and academics alike. Here is what others have said about the book: "By applying the knowledge found in this book, CFOs and COOs can better navigate through unchartered waters and, when appropriate, constructively challenge the business decisions being made. This book is a great resource for all existing or aspiring CFOs or COOs, who want to improve their capabilities regarding contracts and contract management in order to avoid, manage, or mitigate financial risks." Rahul Agarwal, CFA is the Chief Financial Officer for CIFC Corporation, New York City."Paul Humbert's latest book is a comprehensive resource for executives and managers involved with creating, executing, or managing transactions locally and globally. Each chapter provides actionable insights and tools to manage one's transactions throughout an organization from "cradle to grave" in an easy to digest format." David Dreyfus, Associate Professor, Department of Supply Chain Management Rutgers Business School - Newark and New Brunswick, New Jersey."In the section of identifying and evaluating risks, I found the topic of cyber-security of particular interest as vendor management has been a key focus of regulators." James Ruggerio, Jr., CFA, CPA, Chief Operating Officer for Chatham Asset Management, LLC."The book is very well written . . . which makes it eminently accessible to the public and especially useful to supply chain managers and CFOs." Benjamin Melamed, Distinguished Professor, Department of Supply Chain Management Rutgers Business School - Newark and New Brunswick, New Jersey. Commercially unwise behaviors both before and after the contract is signed or purchase order issue, results in loss of rights and remedies as well as claims and lawsuits. This book empowers CFOs to ask the right questions to ensure that inherent commercial risks are properly addressed.