London, UK – 22 March 2012: 81% of Finance Leaders surveyed at the Economist’s CFO Summit 2012, said they believed additional savings could be made through procurement. An additional 65% identified supply chain and logistics as key areas to cut costs.
“It’s no surprise given the current economic situation that cost transformation is a real concern for finance leaders,” said Ed Ainsworth, 4C Associates Managing Director. “The volatile climate means that although sales growth is difficult to achieve there are a range of cost cutting measures which CFOs can use to drive growth.”
When asked which aspect of supply risk they were most concerned about, finance professionals highlighted price risk and volatility, followed by reputation risk and security of supply. This reflects one of the main areas of concern discussed at the CFO Summit – how CFOs can effectively drive business when faced with increasingly volatile markets.
83% of respondents identified slow growth and the destabilisation of the Eurozone as their main concerns for the upcoming year. Many linked these issues with the need to cut costs through supply chain and logistics, organisational change and procurement.
The CFO Summit 2012 brought together 150 Chief Financial Officers, Finance Directors and other senior finance executives to discuss how finance chiefs guide their businesses towards profitable growth.
The full survey results are available on 4C’s website.
4C Associates has the insight, technology and experience to drive rapid profit improvement. We offer specialist consulting, technology and managed services to transform your costs. We apply industry and functional expertise to deliver exceptional benefits.
Our team works with leading organisations across a range of cost categories including Direct Materials, Services, Marketing, ITC, HR, Logisitcs Supply Chain, Property and FM. We apply deep practical knowledge, combined with process and change skills, to deliver reduced costs and increased profits.
To discuss how we can transform your costs please contact us at:
Tel: 0207 605 1600