“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...
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“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...
How Alaska Airlines is Fixing Errors Caused by M&A
Ultimate Supplier Management
41 minutes
3 years ago
How Alaska Airlines is Fixing Errors Caused by M&A
Large scale M&A creates a lot of work for finance teams. Everyone gets busy. Systems need to get consolidated, vendor masters merged, suppliers communicated to, and so on. When everyone is busy, a common project that gets postponed or cancelled is a recovery audit. At Alaska Airlines, it fell off the to-do list for several years. “I didn’t think apexanalytix was going to find much, but knew some mistakes were made during the merger period,” said Lori Foley, Director, Customer & Vend...
Ultimate Supplier Management
“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...
