Whether personally or professionally, we've all felt the pain associated with the supply chain not functioning as it should be these last two years. Unfortunately, it's an issue that seems to be here for the foreseeable future, so companies are hiring for management and the implementation of new ways to try to solve supply chain disruption.
As a result, we've invited Bona Allen, Senior Vice President and Chief Financial Officer at Kajima Building & Design Group, to share his expertise and pieces of valuable advice on how to manage these challenges better.
In this episode, we discuss leading and developing relationships, dealing with supply chain challenges, how to drive strategic value to grow revenue and margin, and more interesting topics.
Digitized Reporting & Forecasting in the Construction Industry
Kajima Building & Design Group is a wholly-owned subsidiary of Kajima Corporation, that was founded in 1840 and headquartered in Tokyo, Japan. For over fifty years, the Group has designed and constructed manufacturing, industrial, and office facilities throughout the United States. Today, it ranks amongst the top global contractors.
In Bona’s role as the executive responsible for finance, his view is historical and prospective: “where has KBD been, and where are we going?” Under his leadership, the finance function has automated and digitized reporting and forecasting and is efficiently producing information critical in running the company.
“On the accounting side, the only way we can help construct buildings is by making sure everybody gets paid. But beyond that, going and seeing these giant million square foot facilities that we build coming up and becoming a reality is key.”
Looking Beyond Numbers for Supply Chain Disruption Management
The role of a modern CFO is not just about numbers but also about people. Leading and developing relationships benefits CFOs and the organization as a whole. It's critical to grow these relationships with people in your field and have different perspectives. It enhances the productivity and efficiency of everyone involved.
“My role is to develop relationships and enhance relationships between everyone from the accounting group with everyone else in the company”
Dealing With Supply Chain Challenges
KBD Group managed supply chain disruptors by having transparent and trustful relationships with suppliers and clients. They also had the financial capacity to absorb some of the increased prices and delayed timeframes.
The same advice applies to current challenges. Start by increasing your network and developing relationships with people inside and outside your industry. Also, think about new and creative ways of doing business.
“Develop relationships so that everyone understands we're in this together”
Disrupt the market with our customized business solutions.