Call them strategic advisors or value architects. Call them digital catalysts or change makers. Whatever you do, just don’t think of modern-day CFOs as merely number crunchers. Today, the role of CFOs and other financial leaders goes far beyond the scope of bookkeeping or budgeting. When it comes to solving complex business issues and spearheading digital initiatives, CFOs are now the ones calling the shots and leaned on for driving long-term business value.

Procurement is crucial in the supply chain process. It’s more than finding the most cost-effective suppliers or seeking positive supplier reviews. In large supply chains, it often represents a significant portion of the total spend and should be managed effectively to achieve maximum value.

In March 2020, whether they were ready for it or not, companies across every industry were abruptly thrown onto a roller coaster ride of harsh business challenges. Some managed to ride it out relatively unscathed, others hung on for dear life, many more fell off.

Now, despite COVID’s initial “shock to the system” far behind us, countless companies are still trying to find their footing in an unsteady landscape — the supply chain crisis being a particularly vexing disruption.