Historically, corporate treasurers have played only a limited role in the supply chain. However, technological advances have allowed treasury to perform tasks that once took days within minutes or a few hours. The result has been treasurers having more time to contribute to their organizations beyond their primary areas of responsibility.
In a new guide, Leadership in Treasury: Managing Risk in the Supply Chain
, underwritten by Reval, AFP’s Corporate Treasurers Council explores some of the ways that treasurers can use their skills and insights to support strategic management of risk in the supply chain. Though it is unlikely that most treasurers will be responsible for implementing supply chain risk management policies outside finance, they can still help to identify, evaluate and suggest mitigation techniques across the entire organization.
“All eyes in corporate treasury are on maximizing liquidity and mitigating risk, with prudent treasury departments advancing their strategic mandate by looking deeper into the dynamics of their global supply chain,” said Jason Torgler, vice president at Reval. “By taking a closer look at the forces behind the supply chain, treasury is able to optimize its supply chain relationships and assess and mitigate potential supply chain risks.” Download Leadership in Treasury: Managing Risk in the Supply Chain here.