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Practical "best practices" to integrate benchmarking into the credit department.(selected topic)
After asking several corporate credit managers about whether they have had a positive experience with the integration of benchmarking into the credit function, I was reminded of a quote from a politician. Former Illinois Senator Everett Dirksen's response to a tough political question was phrased: "Some of my friends say yes, and some of my friends say no; me, I agree with my friends."
Benchmarking is one of the best tools available to identify focal points for improving credit department operations. But the practical obstacles of trying to integrate benchmarking into making improvements in the credit function can vary widely from company to company. Credit ...
- Soothe the itch when starting from scratch: NACM can make starting a new credit...
- Magazine article from: Business Credit June 1, 2005 700+ words
Structuring a new credit department is no easy undertaking. A...the task of creating a new credit department, a whole new score of challenges...sales department, about the credit department's function and policies...
- Ferguson's credit department: the credit manager or controller at each Ferguson...
- Magazine article from: Supply House Times Lenius, Pat April 1, 2003 700+ words
...Ferguson's credit department is totally decentralized. The 130 credit managers in Ferguson's system...of nine regional credit managers, located throughout...Culbert says. Credit managers are invited to compete...
- High-level temporaries: adding value to your credit department.
- Magazine article from: Business Credit Messmer, Max July 1, 1996 700+ words
...Johnson runs the credit department at a large...pressures on the credit department. Until last...activities of three credit managers. Now, with...expertise in credit department operations...among existing credit managers. High-level...
- Customer service and the credit department.
- Magazine article from: Business Credit Naff, Kevin C. May 1, 1995 700+ words
...number of credit managers, this trend...companies, the credit department is now viewed...company, as credit managers succeed in...stated, the credit department here is more...in getting credit managers more involved...
- The right stuff: credit managers make great executives.
- Magazine article from: Business Credit Anderson, Eric R. May 1, 1992 700+ words
...professions, credit managers aspire to...s simple. Credit managers see things...program in the credit department of U.S...For aspiring credit managers who want to...Up in the Credit Department "A good credit...
- Credit managers should help forecast accounts receivable.
- Magazine article from: Business Credit Dennis, Michael C. October 1, 1994 700+ words
...borrowing money. Credit managers have a direct influence...terms of sale. Most credit managers do not play an active...those terms of sale. Credit managers should be forgiven...payment. 4. The credit department's collection policy...
- Credit managers gain in stature, but salaries still lag behind. (Credit Career)
- Magazine article from: Business Credit Abouzeid, Kamal M. Marks, Norton October 1, 1992 700+ words
While the credit managers of America...percent of credit managers report directly...through the credit department, followed...suggestions that the credit department is gaining...data show that credit managers' earnings...
- The nineties' credit department.
- Magazine article from: Business Credit Tursman, Cindy April 1, 1993 700+ words
...for a more centralized credit department that reports directly to...approach." Clearly, no credit department is entirely centralized...Perhaps this explains why credit managers tenaciously cling to the...found a decentralized credit department maintained better ...
Source: HighBeam Research, Practical "best practices" to integrate benchmarking into the credit...