How Procurement and Finance Can Collaborate

5 (1 vote)

Not every price reduction is reflected in an income statement, and some CFOs may doubt Procurement's cost-savings claims. Learn how agreeing with Finance on standards and using the income statement to "keep score," can aid in Procurement's cost-savings reporting.

Charles Dominick

SPSM, SPSM2, SPSM3

Charles Dominick is the Founder of the Next Level Purchasing Association (NLPA) and co-author of The Procurement Game Plan: Winning Strategies and Techniques for Supply Management Professionals. Before founding Next Level Purchasing in 2000, Charles was a procurement professional at Kurt J. Lesker Company, US Airways (now American Airlines), and the University of Pittsburgh. He holds the SPSM, SPSM2 and SPSM3 Certifications and a Bachelor’s Degree in Business Administration from Duquesne University.