CFO’s Rely More and Data to Drive Critical Decisions

I observed an outstanding article over the weekend that demonstrates how CFO’s are leveraging data and analytics to drive their most vital selections.  The article was inside the Wall Street Journal: Constant Changes In Costs Alter Job for ConAgra, April 23/twenty fourth, 2022.

David Marberger, CFO of ConAgra Brands, is quoted as using data to drive essential sourcing and replenishment actions.  Such actions immediately impression margin.  Such costs and sourcing selections impression enterprise effectivity reported to the market.  You might suppose a head of procurement or transportation would possibly do this work too.  In all circumstances when you occur to had a Chief Data and Analytics Officer, they want to have the flexibility to help proper right here too.

Here are various choice quotes:

• “Conagra Brands Inc.’s finance chief is spending additional time analyzing data on the availability of vans and rooster as the company calculates future value will improve.”
• “The finance, procurement and transportation teams are devoting additional time to analyzing data and understanding the dynamics which is perhaps inflicting volatility to larger predict future impacts on the enterprise, Mr. Marberger talked about.”
• “The agency lowered its income steering for the fiscal yr ending in May, citing bigger inflation than anticipated.”

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