Rory Carrick

Global CFO Turnover Index Russell Reynolds Associates share the latest #CFO turnover data across #listedcompanies globally. Each quarter, you’ll find the proportion of CFO departures and #appointments globally, as well as trends on CFO appointments by #gender, and whether CFOs are internal or #externalhires. https://lnkd.in/gzTUX5He

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My thoughts on how centralized procurement and decentralized operations can co-exist and thrive in industrial manufacturing firms such as Pulp & Paper and Automotive, summarized for the Harvard Business Review https://lnkd.in/ezxsZXPg

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Are your supplier relationships silently sabotaging your profits? Discover the hidden impact now! Supplier relationships directly impact your Cost of Goods Sold

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Last week, throughout the course of two dynamic days, participants from ESA, Supply Chain, Finance, HR, and Operations leaders met at Eaton Center in Beachwood to discuss how to drive transformative change within our company. We talked about optimizing supply chain networks, enhancing digital integration, fostering cultures of innovation and sustainability, and much more. I look forward to seeing our plans in progress! #whatmatterswork #supplychain 

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St. Onge leverages our data and analytical approach to assist in navigating difficult decisions amidst a limited labor force and the changing distribution and supply chain landscape. Check out this insightful podcast delving into the transition from manual labor to technology-driven roles within warehouse and supply chain operations. #distributioncenter #supplychain #technology

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🚀 Teichert Materials + Check-6: A Winning Partnership for Excellence 🚧 Teichert Materials, a leader in the construction materials industry, sought to maintain its competitive edge in safety, productivity, and operational efficiency. Enter Check-6, a trusted partner since 2017, delivering tailored strategies to: ✅ Enhance safety and productivity through structured improvement initiatives. ✅ Strengthen communication and collaboration across departments. ✅ Empower leaders and teams with targeted growth programs. ✅ Foster a culture of innovation and continuous improvement with tools like the debrief. Results Speak Volumes: 🌟 Measurable gains in safety and productivity. 🌟 Enhanced leadership and team dynamics. 🌟 A culture of collaboration, resilience, and operational excellence. As Dana Davis, President of Teichert Materials, shares: "Check-6 has become an essential partner, helping us achieve and sustain superior results." Ready to elevate your operations? Partner with Check-6 to unlock the potential of your workforce and thrive in Industry 5.0. 👉 Take our free business optimization survey today at checksix.com! #OperationalExcellence #LeadershipDevelopment #ConstructionInnovation

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Great food for thought for enterprises, IMAGINE if we could get the government to give this a try? Whereas traditional budgeting typically assumes a year-on-year continuation of activity and cost, ZBB forces stakeholders to review all expenses and ensure resources and budget allocations align with strategic priorities. Use it to rightsize your function’s budget. #Budget #Leadership #Stakeholder

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My colleague Asutosh Padhi recently had a fascinating conversation with John Engel, CEO of Wesco International, about the remarkable journey of their merger with Anixter. Here’s what stood out from their conversation: ➡️ Wesco’s integration with Anixter: This strategic merger has delivered stellar performance and positioned Wesco for future growth. Since uniting in 2020, Wesco has integrated both companies' strengths, focusing on people and culture. ➡️ John’s leadership vision: John believes that a vibrant culture is more crucial than strategy alone. This philosophy has guided his leadership and contributed to Wesco's success. ➡️ Big Data as a value driver: Under John's leadership, Wesco is digitally transforming, utilizing a world-class data lake to enhance services and support for supplier partners, making big data a pivotal value driver. This interview highlights how strategic clarity, disciplined execution, and technological adoption can drive extraordinary success, even amidst macroeconomic challenges. Read the full story here: https://lnkd.in/eApGbrxU #Leadership #DigitalTransformation #Culture #BigData

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My colleague Asutosh Padhi recently had a fascinating conversation with John Engel, CEO of Wesco International, about the remarkable journey of their merger with Anixter. Here’s what stood out from their conversation: ➡️ Wesco’s integration with Anixter: This strategic merger has delivered stellar performance and positioned Wesco for future growth. Since uniting in 2020, Wesco has integrated both companies' strengths, focusing on people and culture. ➡️ John’s leadership vision: John believes that a vibrant culture is more crucial than strategy alone. This philosophy has guided his leadership and contributed to Wesco's success. ➡️ Big Data as a value driver: Under John's leadership, Wesco is digitally transforming, utilizing a world-class data lake to enhance services and support for supplier partners, making big data a pivotal value driver. This interview highlights how strategic clarity, disciplined execution, and technological adoption can drive extraordinary success, even amidst macroeconomic challenges. Read the full story here: https://lnkd.in/gHGuSH3f #Leadership #DigitalTransformation #Culture #BigData

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My colleague Asutosh Padhi recently had a fascinating conversation with John Engel, CEO of Wesco International, about the remarkable journey of their merger with Anixter. Here’s what stood out from their conversation: ➡️ Wesco’s integration with Anixter: This strategic merger has delivered stellar performance and positioned Wesco for future growth. Since uniting in 2020, Wesco has integrated both companies' strengths, focusing on people and culture. ➡️ John’s leadership vision: John believes that a vibrant culture is more crucial than strategy alone. This philosophy has guided his leadership and contributed to Wesco's success. ➡️ Big Data as a value driver: Under John's leadership, Wesco is digitally transforming, utilizing a world-class data lake to enhance services and support for supplier partners, making big data a pivotal value driver. This interview highlights how strategic clarity, disciplined execution, and technological adoption can drive extraordinary success, even amidst macroeconomic challenges. Read the full story here: https://lnkd.in/dKV9tZEG #Leadership #DigitalTransformation #Culture #BigData

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Reorganizations have increased in an effort to restructure, hoping to buy time for a better economic environment to come. As part of the strategic planning process, it is good to do a thorough review of all your operations to see if underperforming businesses can be turned around or sold while the still have value. A good CFO consultant helps companies in those reviews and decisions. At C-Suite Support we can bring our experience to the table to help maximize your business results. Paul Whitley Taber Wetz

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Forbes comments on change management in the supply chain and how it can help leaders move away from outdated practices. The process begins with a thorough assessment of current supply chain operations to identify areas for improvement, along with a strategic plan that outlines desired changes. Training and development are vital because they equip team members with the necessary skills and knowledge to adapt to new practices or technologies. Implementation should be systematic, often occurring in phases to allow for adjustments based on feedback and to minimize disruption. #ChangeManagement #SupplyChain #Practices

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Just a reminder to all the manufacturing companies out there! Register for this upcoming webinar. #manufacturing #supplychain #distribution #teamsikich Sikich

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Exciting update for #Gartner Supply Chain XPO 2024! Join industry leaders from GE Health Care, OSF, and TADA as we dive into the future of Healthcare Supply Chains. Learn how TADA is enabling multi-enterprise collaboration, using AI-enabled Digital Twins, and shaping the future of Healthcare Supply Chains. Don't miss out! #MultiEnterpriseCollaboration##HealthcareInnovation

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ERA manufacturing specialists provide insights regarding market conditions, potential impacts on procurement, and supply chain planning. Read our latest edition at https://lnkd.in/g9Xv3qkc #ManufacturingProcurement #CostManagement #SupplyChain

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Check out this webinar on Supply Chain! #teamsikich #supplychain #manufacturing Sikich

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For many manufacturing companies, capacity planning may seem like a relic of the past. However, geopolitical tensions, tariffs, a renewed focus on onshoring and heightened M&A activity are bringing capacity planning back to the forefront. Our point of view: These trends underscore an urgent need to revive capacity planning processes for operational efficiency and competitiveness. The bottom line: Manufacturers have access to an abundance of data and information. While this allows for basic capacity planning, it often falls short of providing a comprehensive and accurate picture of future demand. By defining the end-to-end process, leveraging digital twin simulations and optimizing for contemporary customer buying and distribution models, manufacturers can achieve more precise and efficient outcomes. _____________________________________ For many manufacturing companies, capacity planning may seem like a relic of the past. Engineering roles responsible for this crucial function were displaced in the last few decades as production moved overseas. However, in recent years, geopolitical tensions, tariffs and a renewed focus on onshoring are bringing capacity planning back to the forefront for many U.S. manufacturers. From 2022 to 2023, U.S. imports from low-cost Asian countries decreased by $143 billion. Additionally, 38% of manufacturing executives are actively reshoring or nearshoring operations from mainland China, while another 25% are considering moving operations away from India.[1] In addition, heightened merger and acquisition (M&A) activity in recent years has resulted in many manufacturers inheriting new products and production facilities. Often, the acquiring manufacturer discovers the internal capacity planning operation is not built out as they had hoped. These trends underscore an urgent need to revive capacity planning processes for operational efficiency and competitiveness. As more manufacturing returns to the United States, industries are rediscovering its competitive advantages and those that eliminated the function years ago are finding it necessary to ramp back up. For many, however, it remains a challenge; internal institutional knowledge for capacity planning has been dissipating for a long time. There are signs of optimism with the rebirth in domestic manufacturing, which has renewed focus on capacity planning, throughput analysis and process optimization. To thrive in the current market, manufacturers must adapt to these changes, making capacity planning essential to their operations. Best practices for capacity planning Today’s manufacturing environment demands more sophisticated capacity planning technologies and approaches to achieve optimal results. Think of it as needing the right power tool for the job. You wouldn’t use a simple hand drill to tackle a project requiring precision and efficiency. Similarly, basic capacity planning tools may not suffice for modern manufacturing challenges. Here are three best pr

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Achieving a successful #DigitalTransformation is a big win, but keeping technology and procurement in sync is 🔑 to staying on top. When technology and procurement work well together, everything runs smoother. You get better decisions, easier scaling, risk management, and better teamwork. This alignment sets your organization up for growth and flexibility. You can learn more about the important relationship between technology and procurement in Velocity Procurement's latest Insight. #Procurement #TechnologyAlignment

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