Daily we are seeing clear cut evidence that 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 casualty rate will climb over the months ahead and now
is the time to do everything you can to ensure your Company doesn’t become part
of these statistics.
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