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Supply Chain Risk Looms as Companies Focus on Survival

Financial executives cite cost cutting, cash management as top priorities: survey

By Susan Kelly | Updated on June 30, 2009

Finance executives are still focusing on cutting costs and managing cash flow, despite the danger that the recession could wreak havoc on their companies’ supply chains, according to a recent survey from procurement software vendor Basware. Almost 65% of the 550 North American and European CFOs and finance directors polled say cutting direct costs is their top priority, while 60% cite reducing indirect costs and 55% say cash flow.

“Obviously the global economy right now is very much in survival mode,” says Mark Frohlich, associate professor of operations management at the Kelley School of Business in Indianapolis, who consulted on the survey.

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