The chief financial officer (CFO) is the steward of any organization’s finances. This senior executive, charged with duties that include financial planning, maintaining cash flow, managing financial risk, leading budget management, forecasting, and record-keeping, likely will have a say in all major decisions of the company.
As procurement and supplier diversity managers know, communicating with the CFO on the benefits of supplier diversity programs and initiatives is essential to success. Fully articulating the business case for the supplier diversity program to the CFO, along with other top executives, including the CEO, is always a good idea. The aim is to get buy-in for initiatives from the highest levels of the organization the benefits of business and cultural diversity to the organization.Read More