Global trade and supply chains are going through a massive shock. Because COVID-19 has led to lockdowns, suppliers in the chain are temporarily ceasing production, and logistic providers can no longer transport goods as seamlessly, particularly across borders. As the situation changes daily, it’s critical that you work closely with your suppliers to help your
As a business owner, you know that customers are essential to grow revenue and increase profits. You also know that the best companies are customer-obsessed and provide personalized experiences, quality products, and friendly responsive service. But what do you know about YOUR customers? Knowing your customer metrics is the first step to improving profitability
Working capital has the power to create, or destroy, value for shareholders. Three key components of working capital are inventory, accounts payable and accounts receivable. Each of these elements is examined by analysts for indications of a company’s financial soundness and operational efficiency. Reduce the Cash Conversion Cycle By reducing the cash conversion cycle, a
