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16 July 2013
Live Webcast
Reply Consulting and Tagetik organised Profits are an Opinion, Cash is a Fact, a webcast dedicated to the planning of production costs and purchases as a key element to improve working capital. Alfred Rappaport’ statement "Profits Are an Opinion, Cash Is a Fact" resounds even more powerful today, in low liquidity times, where many companies’ goal is to improve their cash flow. With specific reference to "working capital", this goal can be achieved at a large extent only through a structured production and purchasing cost planning process. Such a process should allow to reduce warehouse stocks and purchasing/production costs thanks to the evolution of forecasting capabilities that facilitate the relationship with suppliers. In turn, planning process evolution is only going to be possible through the introduction of tools capable of quickly responding to market demands, verifying in real-time the compliance of the plan with new conditions, as well as offering the opportunity to manage different scenarios and plan reviews, checking at the same time the impact on the resources available, warehouse stocks and financial consequences. Tagetik and Reply Consulting presented the functional and system features to achieve this goal.