Procurement Insights from Nitor

James Wilson

James Wilson
Jim Wilson is a Senior Consultant with the professional services firm Nitor Partners where he works with clients to understand and implement solutions within Procurement, Working Capital, and Treasury. Prior to this role, Jim had worked in Finance, Accounting, Treasury, and Risk Management for several fortune 500 companies located in the Northeast Ohio area. Jim is an active member of the British American Chamber of Commerce. He graduated from Cleveland State University with a BBA in Finance and received his MBA with a focus on International Business from Baldwin Wallace University.
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Recent Posts

Working Capital Optimization: Putting Your Strategy In Motion Through Effective Change Management

Posted by James Wilson on Nov 6, 2018 11:20:50 AM

This is the third in a series of three blogs focused on how to develop and implement an effective working capital optimization initiative. Our last blog concluded with options for achieving internal alignment within procurement, finance, and treasury, with the goal of optimizing working capital. Here, we’ll look at the importance of change management.

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Topics: treasury management, treasury and working capital, finance

Working Capital Optimization – Understanding Your Options

Posted by James Wilson on Oct 23, 2018 9:50:43 AM

This blog is part 2 in a 3-part series focusing on how to develop an effective working capital optimization initiative.  This blog was previously posted by Scott Pezza and James Wilson on Digitalist Magazine.

The first blog in this series, “Working Capital: The Link Between Procurement, Finance, and Treasury,”  concluded with an example of how you can harmonize the goals of these three departments to pay suppliers early with an efficient invoice-approval process and supply chain finance relationship. Even in that simple example, there are multiple types of functionality at play that may exist in several different interconnected systems. In this blog, we’ll look at all the pieces that can be brought together to effectively manage your working capital and achieve your desired goals.

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Topics: treasury and working capital

Working Capital: The Link Between Procurement, Finance and Treasury

Posted by James Wilson on Oct 9, 2018 8:42:29 AM

Working Capital Context – Which parts of the Cash Conversion Cycle do Procurement, Finance and Treasury teams care about?

This blog is the first of a 3-part series focusing on how businesses can get started on an effective Working Capital optimization initiative.

There is an old adage that you cannot manage what you do not measure. In response to this conventional wisdom, numerous Key Performance Indicators (KPI’s) have been developed in the core Working Capital functional teams of Procurement, Finance, and Treasury. The overarching goal in mind is simple: Strong Supplier Relationships AND Operational Efficiency AND Strategic Value. All three? That’s a challenge as each team has a different set of tactical and, at times, strategic goals, that often compete with each other.

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Topics: treasury management, treasury and working capital, procurement consulting, finance

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