Description

In this episode of the Industrial Manufacturing and Consumer Goods podcast, host Corey York, along with finance transformation specialist Mike Piotrowski, explores accounts payable (AP) optimization, a critical yet often overlooked driver of working capital and business health. 

They discuss why AP is more than just paying bills, as well as the risks of inefficient processes and practical strategies to transform AP from a cost center into a strategic advantage. Listeners will gain actionable insights to improve cash flow, strengthen supplier relationships and leverage technology for smarter operations.

This is the fourth episode in a five-part series on optimizing working capital. Stay tuned for more actionable insights!

Listen to learn more about:

• The role of accounts payable in working capital
• Common red flags in AP processes
• Four key areas for AP optimization
• How to balance strategic AP practices with maintaining strong supplier relationships
• Industry benchmarks and how they guide achievable AP performance targets

POCs
Mike Piotrowski, Senior Manager, CFO Advisory
Corey York, Senior Manager, CFO Advisory

Related Insights:

• Article: Working Capital Strategies: 7 Steps To Improve Cash Flow in Manufacturing Businesses
• Podcast: Industrial Manufacturing and Consumer Goods Podcast: Working Capital Optimization Explained