How Vantage Specialty Moved from Operational Chaos to Business Clarity | Chris Tracy

00:00

0.5
1
1.25
1.5
1.75
2

This is a podcast episode titled, How Vantage Specialty Moved from Operational Chaos to Business Clarity | Chris Tracy. The summary for this episode is: <p>Rising prices and supply chain interruptions are forcing FP&A teams to scramble as they look to understand how these forces impact their business and customers. Hear Chris Tracy, Global Director of FP&A, explain how Vantage Specialty Chemicals, a global natural chemistry company, deals with supply chain uncertainty and spiking raw materials costs by leveraging Planful to quickly model, forecast, and update costs for its more than 12,500 finished goods recipes. He’ll show how FP&A moved from a reactive posture to a proactive stance on changing raw materials prices, enabling it to quickly adjust prices, maintain margins, and see the impact of costs across its business and for its 6,000-plus customers. Chris will also share how Planful gives its product, commercial, and procurement teams detailed insights on raw materials costs to improve decision making and strengthen customer relationships.</p>

Key Takeaways

Understand your need - Be proactive not reactive

02:19 MIN

Execution - Model Demo

01:39 MIN

The future with Planful

01:55 MIN

DESCRIPTION

Rising prices and supply chain interruptions are forcing FP&A teams to scramble as they look to understand how these forces impact their business and customers. Hear Chris Tracy, Global Director of FP&A, explain how Vantage Specialty Chemicals, a global natural chemistry company, deals with supply chain uncertainty and spiking raw materials costs by leveraging Planful to quickly model, forecast, and update costs for its more than 12,500 finished goods recipes. He’ll show how FP&A moved from a reactive posture to a proactive stance on changing raw materials prices, enabling it to quickly adjust prices, maintain margins, and see the impact of costs across its business and for its 6,000-plus customers. Chris will also share how Planful gives its product, commercial, and procurement teams detailed insights on raw materials costs to improve decision making and strengthen customer relationships.

Today's Guests

Chris Tracy

|Director of FP&A at Vantage Specialty

Chris Tracy is Global Director of FP&A at Vantage Specialty Chemicals, a global natural chemistry company that creates, produces, and sources high-end and tailored specialty chemicals. Prior to joining Vantage, his 25-year career spanned finance roles at Clover Technologies, Brilliant, Ryder Supply Chain Solutions, and other organizations. Chris is also an Adjunct Professor at Olivet Nazarene University, where he instructs students on finance, accounting, and related topics.