The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the second quarter ended July 2, 2021 on Tuesday, August 10, 2021 after the close of regular market hours. Following the release, the senior management will discuss second quarter results in a conference call at 5:00 P.M. ET. […]
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Wall Street Journal, “Finance Chiefs Are Still Trying to Replace Excel With New Tools,”
Many companies would like to reduce their reliance on the spreadsheet application, but employees remain reluctant to give it up. With insights from The Hackett Group’s Glenn Hafler and Vanessa Keating.
Read ArticleHackett Survey: Pandemic Drives Significant Changes In Working Capital Performance in 2020
Companies Dramatically Slowed Payments to Suppliers While Disrupted Demand Caused Inventory to Reach Record Levels; Cash-on-Hand and Debt Both Also Rose to Record Levels MIAMI & LONDON, July 15, 2020 – The pandemic drove significant changes in working capital performance among the 1000 largest non-financial U.S. companies in 2020, according to new research from […]
Read ArticleSupply & Demand Chain Executive, “Pandemic Dramatically Slowed Payments to Suppliers, Disrupted Inventory Levels,”
Days Payable Outstanding (DPO) was the main working capital shift evident in 2020, rising by 7.6%, with typical companies now taking more than 62 days to pay suppliers, an all-time high.
Read ArticleThe Hackett Group Announces 2021 Digital Award Winners
Alcon, Bosch, Citibank, Mondelēz, Reckitt, Vodafone, and Wipro Recognized as Companies on the Cutting Edge of Digital Transformation MIAMI & LONDON, July 13, 2021 – The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 2021 Digital Awards, which spotlight companies that are on the cutting edge of using digital transformation solutions, including […]
Read ArticleCoupa Spend Setters, “Episode 14: Navigating the New Normal,”
The In this time of uncertainty, business spend management is in the spotlight. Procurement is now relied upon to mitigate risks, contain costs, and strengthen supply chains. The Hackett Group’s Chris Sawchuk and Tim Yoo discuss procurement’s responsibilities during this crisis.
Read ArticleSupply Chain Quarterly, “Report: Companies conserved cash, increased debt during pandemic,”
Working capital survey charts the impact of the pandemic on companies’ ability to collect from customers, pay suppliers, and manage inventory.
Read ArticleHarvard Business Review Sponsored Content, “The Transparency Imperative: How Visibility into Technology Spending Drives Business Value,”
As retailers locked down in the spring of 2020 because of the Covid-19 outbreak, Brinks braced for a hit. Shuttered shops suspended services from the global cash management company. But the management of Brinks, whose iconic armored vehicles transport cash from stores to banks, didn’t panic. The company dug into its costs, looking for cuts… […]
Read ArticleISM, “A ‘Really Positive’ Shift in Supplier Diversity Spend,”
Corporate social responsibility (CSR) directives — including supplier diversity — have been growing in importance among many supply management organizations. Meeting CSR goals rose to a top-10 issue for the procurement function, according to The Hackett Group’s 2021 CPO-agenda report. And such directives are on the road to becoming an even greater imperative.
Read ArticleSupply & Demand Chain Executive, “Companies Dramatically Slow Payments to Suppliers Due to Pandemic,”
Companies dramatically slowed payments to suppliers, which disrupted demand and drove unsold inventory to higher levels, according to new research from The Hackett Group.
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