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Managing costs of supply chain risks beyond the pandemic Logo cgma

  John Cullen FCMA CGMA & Richard Bruce PhD |   Free |   Sep 2021 |   FM magazine

The pandemic disrupted supply chains and added logistics costs in many industries. Here’s how Welbilt, a global supplier of restaurant equipment, responded.

Topics covered:
  • Management accounting: Technical: Management reporting & analysis: Performance management, Advanced

1 Comments/Reflections

Emelda Maluleka

Emelda Maluleka Feb 2023

This has indeed been difficult times as a Management Accountant to try to manage  Freight costs, especially from Overseas suppliers. The Freight costs drastically increased due to the prolonged delays to get the inventory in via Sea many companies had to opt for Airfreighting which is more expensive. 

Forecasting is also becoming interesting because we cannot only rely on past data to plan for the future as there has been too many unstable factors which influenced financial results which we need to remove from the analysis. The truth is even after post covid the world is not going to got back to the pre covid normality.
Management accountants are now more than ever very crucial to the organizations, to work alongside Operations, Logistics and Purchasing Managers to achieve common goals