Episode 9: Finance Doesn’t Understand Anything About Inventory

Bram's expert knowledge allows him to be best placed to teach you one crucial thing: how to stop talking like a supply chain executive. Not compelled yet? Time to realise that neither the CEO nor the CFO understand your gibberish... Luckily, Bram has a translator ready to use for you to get stuff done with buy-in from leadership.

Timestamps:
00:00 - Introduction to the Industrial Innovation Podcast

00:08 - Introduction and welcome to the Industrial Innovation Podcast.

02:29 - Discussion on the supply chain triangle: service, cost, and cash.

09:41 - Explanation of how inventory affects working capital and its operational complexity.

12:03 - The impact of functional silos in organisations and the need for collaboration.

15:07 - The role of executive teams in making cross-functional supply chain decisions.

22:09 - The reluctance of companies to invest in supply chain capabilities.

25:13 - Importance of aligning supply chain processes with business strategy.

30:03 - Strategies for managing a broad product portfolio efficiently.

32:25 - The need for supply chain professionals to understand finance and strategy.

37:15 - The value of supply chains in sustainability and competitive advantage.