Successful manufacturing organizations in Africa have a key strategy: Finance and Operations working hand in hand.
The Power of Collaboration
In a notable Nigerian industrial group, the CFO's involvement in daily production huddles led to significant improvements. Within six months, they streamlined operations, reducing working capital by ₦600 million, enhancing supplier credit terms, and synchronizing maintenance schedules with cash flow cycles.
Impressive Results
The outcome? An impressive 8% EBITDA growth, achieved through collaborative efforts rather than mere cost-cutting measures.
Strategic Integration
When the COO and CFO collaborate, every operational choice shapes financial outcomes, from procurement timing to facility enhancements.
Key Actions
- Promote finance visibility on the shop floor
- Establish shared KPIs focusing on uptime, cash flow, and margins
- Recognize collective successes over individual department achievements
💡 Insight: True operational excellence doesn't solely stem from factory operations but thrives on collaboration.
💬 Question: How frequently do your finance and operations teams convene to tackle challenges?
Contact us to build stronger cross-functional collaboration in your organization.
