https://cporising.com/2014/05/22/skills-for-the-modern-procurement-pro-cash-management/?utm_source=rss&utm_medium=rss&utm_campaign=skills-for-the-modern-procurement-pro-cash-management Analyst-led research and intelligence for the procurement community. Sat, 13 Jul 2024 01:08:30 +0000 hourly 1 https://cporising.com/2014/05/22/skills-for-the-modern-procurement-pro-cash-management/comment-page-1/#comment-616 Wed, 10 Jun 2020 11:03:31 +0000 https://cporising.com/?p=13537#comment-616 […] the weakest link in the people, processes, and technologies trifecta. As we outlined in our  Skills for the Modern Procurement Pro article on cash management, Chief Procurement Officers (CPOs) and other procurement leaders recently rated their procurement […]

]]> https://cporising.com/2014/05/22/skills-for-the-modern-procurement-pro-cash-management/comment-page-1/#comment-464 Sat, 06 Feb 2016 10:57:19 +0000 https://cporising.com/?p=13537#comment-464 […] Cash Management gives companies an accurate picture of their short-term liabilities, get reimbursed by their clients in a timely manner, and track who pays early. Beyond payment term policies and negotiation, procurement has many other tools in its cash management drawer, including demand management, compliance and post-payment audits, and the more obvious, savings and departmental efficiency. The reality is that procurement professionals who have broader skill sets will advance farther and faster so understanding how cash flows through a business and what strategies impact it is a valuable skill. However, CPOs believe their teams have below average cash management skills, but it must become a core competency for all finance and procurement teams. Procurement professionals can work to develop an understanding of the impact of different procurement-driven strategies that have a real cash flow impact, including understanding the impact of these strategies on cash positions, on budgets, and on the general ledger. […]

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