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CEOs and CFOs express concern about materials management.
Healthc Financ Manage. 1998 May; 52(5):56-60.HF

Abstract

In a recent survey, CEOs and CFOs expressed concern regarding the effectiveness of their materials management departments. Both groups of executives would like to see more improvement in their materials managers' supply expense reduction efforts and leadership skills. More than a third of CFOs are even considering outsourcing the materials management function. Both CEOs and CFOs did admit, however, they needed to learn more about materials management, and both groups of executives could lend their authority to materials management programs to ensure their success. CEOs and CFOs need to reach consensus regard materials management priorities, performance levels, and professional characteristics and desired skills. They also should hold materials managers accountable for operations they can and should be managing by using performance-based compensation.

Authors+Show Affiliations

Kowalski-Dickow Associates, Inc., Mequon, WI, USA.

Pub Type(s)

Journal Article

Language

eng

PubMed ID

10179441

Citation

Kowalski, J C.. "CEOs and CFOs Express Concern About Materials Management." Healthcare Financial Management : Journal of the Healthcare Financial Management Association, vol. 52, no. 5, 1998, pp. 56-60.
Kowalski JC. CEOs and CFOs express concern about materials management. Healthc Financ Manage. 1998;52(5):56-60.
Kowalski, J. C. (1998). CEOs and CFOs express concern about materials management. Healthcare Financial Management : Journal of the Healthcare Financial Management Association, 52(5), 56-60.
Kowalski JC. CEOs and CFOs Express Concern About Materials Management. Healthc Financ Manage. 1998;52(5):56-60. PubMed PMID: 10179441.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - CEOs and CFOs express concern about materials management. A1 - Kowalski,J C, PY - 1998/4/7/pubmed PY - 1998/4/7/medline PY - 1998/4/7/entrez SP - 56 EP - 60 JF - Healthcare financial management : journal of the Healthcare Financial Management Association JO - Healthc Financ Manage VL - 52 IS - 5 N2 - In a recent survey, CEOs and CFOs expressed concern regarding the effectiveness of their materials management departments. Both groups of executives would like to see more improvement in their materials managers' supply expense reduction efforts and leadership skills. More than a third of CFOs are even considering outsourcing the materials management function. Both CEOs and CFOs did admit, however, they needed to learn more about materials management, and both groups of executives could lend their authority to materials management programs to ensure their success. CEOs and CFOs need to reach consensus regard materials management priorities, performance levels, and professional characteristics and desired skills. They also should hold materials managers accountable for operations they can and should be managing by using performance-based compensation. SN - 0735-0732 UR - https://www.unboundmedicine.com/medline/citation/10179441/CEOs_and_CFOs_express_concern_about_materials_management_ DB - PRIME DP - Unbound Medicine ER -