As we approach the final weeks of 2013 now would appear to be an
appropriate 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 holding.
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 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 well managed and under control.
Carrying out these simple but effective measures will ensure that your
company enters 2014 in good order.
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