Daily we
are seeing clear cut evidence that the first quarter of 2013 will be a
difficult time for business as Consumers further reign in their spending.
Without doubt now is the time to tackle potential problem areas with some
effective housekeeping.
One of the
first areas for scrutiny is the level of inventory which you are carrying. Make
sure you are achieving the best level of Stock Turn and that you are not
carrying any obsolete Stock.
Rather than
face a “fire sale” it may well be prudent to lighten up now with some
innovative marketing strategies.
How is your
Company’s cash position? With the ominous backdrop surrounding financial
institutions and Governments alike, don’t expect the Banks to readily provide
additional finance- it is an absolute priority to maintain positive cash-flow
and this can only be achieved by keeping Debtors under control.
Undoubtedly,
the commercial casualty rate will climb in the early weeks of 2013 – now is the
time to do everything you can to ensure that your Company doesn’t become part
of these statistics.
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