Cash Management Archives - Page 5 of 5 - Supply Chain Game Changer™

6 Ways to Attract Investors to Your Startup Business!

10 Small Business Inventory Management Tips!

So, you have started your business that looked promising. It is well thought out, and the stakes for success are high. However, you worry about not being able to keep it running forever. You have considered getting investors. But do not know how to convince them to invest in your startup business.

There are several promising startups that did not make it in the market. The main reason why startups fail is a lack of funding and resources. This is also why convincing investors to invest in your business is important.

7 Essential Tips for Responsible Credit Card Usage!

How to Manage Credit Card Debt!

Credit cards offer convenience and flexibility but ausing them responsibly is crucial for maintaining financial health. By adopting smart credit card habits, you can build a positive credit history and avoid unwanted debt.

In this article, we’ll explore seven essential tips for responsible credit card usage.

Renting Office Space Helps Grow Your Business!

The Hybrid Workplace! Is it the New Future?

As the world of business evolves, so does how companies operate. While owning property has traditionally been a marker of success for many businesses, the cost and inflexibility of ownership can now be more of a hindrance than a help.

Renting office space has become a popular and practical solution for businesses of all sizes, offering access to resources and amenities without the commitment of long-term ownership.

In this article, we’ll dive deeper into the world of office space rental, exploring the benefits, considerations, and tips for finding the right fit for your business.

The Preeminent Role of Supply Chain in Cash Cycle Management!

Cash Is King! Creating a Culture Focused on Money Management

Cash is King! That much has always been, and will always be, a truism. The amount of cash you have will determine whether your business grows or declines and whether it lives or dies. So managing the time of the cash cycle is a mandatory business process.

Many people may have the view that Finance is solely, or predominantly, responsible for cash management. But the reality is that Supply Chain has a leading role in determining the cash position of any company.

Let’s explore what Time to Cash or the Cash Cycle is, what Supply Chain’s role is, and what actions you can take to ensure there is enough cash to keep your business afloat.

Sales Forecasting Unchecked – A Supply Chain Nightmare!

Imagining the Supply Chain of the Future!

Great Sales people have wonderful characteristics and personality traits. They can light up a room, command your attention, bring big ideas to the table, and close deals with customers, all with unbridled enthusiasm. And this can be reflected in Sales forecasting.

Bringing these ideas to life and delivering on commitments made to customers most often requires different but just as impressive skills and effort from the Supply Chain and Operations teams within an organization.

But what happens if your Sales team is left unchecked, goes rogue and makes commitments that can’t be met at any cost?

Our 2017 Top 10 Blog Posts … So Far!

It’s been 6 months since we launched supplychaingamechanger.com. Our goal has always been to share experiences and expertise. The site has evolved. The number of categories has continued to grow. And the response has been absolutely tremendous. We can now present our 2017 Top 10 Blog posts.

In that time Supply Chain Game Changer was also selected by Feedspot as one of the Top 75 Supply Chain Blogs on the Internet.

So we thought that this would be a good point at which to share a list of the 2017 Top 10 Blog posts that we have published so far. We would be remiss if we didn’t also thank the phenomenal Guest Bloggers who have given us such great content.

So here is the 2017 Top 10 Blog List, so far …

What is the Libra Cryptocurrency? (Infographic)

What is Blockchain? And How Does it Work? (Infographic)

Libra cryptocurrency which runs on Blockchain technology to conduct safe and secure transactions.

Libra is powered by Facebook and the main motive behind launching it is to transform the face of the global economy.

What more should we know about Libra?

Kredittkort I Norge: Reasons to Get a Credit Card Wherever You Are!

What is a Good Credit Score?

Credit cards are an important part of life for most people. But those who have never gotten one might wonder whether it is beneficial for them to apply for one or not.

What are the benefits of getting a credit card?

In this article, we will take a close look at the benefits of getting a credit card and why it might be the right choice for your financial present and future.

7 Reasons for Applying for a Business Loan!

What You Should Know Before Taking Out a Business Loan

Business loans can be the backbone of a thriving business. It could be what you need to accelerate business growth and increase profits. Even so, keep in mind that business loans should be repaid fully, on time, and with all the interest. If you fail to do that, your lender has the right to confiscate the collateral or even your business property to recover their funds.

Therefore, you’d want a good enough reason for applying for a business loan. Ideally, you should be able to raise more funds to pay off the debt and still keep your business running.

Here are 7 reasons to consider applying for a business loan:

What Happens if You Can’t Pay Back Your Business Loan?

Cash Is King! Creating a Culture Focused on Money Management

Actions have consequences. Inaction does, too. Failing to pay back a business loan on time could result in extra interest payments, late fees, and even legal action. There’s really no option for not paying at all. In some way, the lender will always get their money back.

Knowing that, it’s important to take steps to ensure you’re able to make your payments or come to some type of settlement offer with the lender. Begin the process by using a loan payoff calculator to determine how much you owe, then put a plan into action.

Cash Is King! Creating a Culture Focused on Money Management

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

“We have to make a decision. We only have enough cash to either pay our employees or our suppliers next week, but not both.” The old saying was true: Cash is King!

Wow! This was what my Controller just told me. We had just acquired another company. The decision was made to operate it at arm’s length from the parent company. And this meant that we had to fund the operation with our own cash, which was at a dangerously low level.

Neither option that the Controller just mentioned was palatable. We needed a strategy to tackle the immediate cash shortfall and to then create a strong cash position moving forward.

We had the Call to Action! This would prove to be my first real lesson in Cash Management which could not have been made more intense and immediate!

6 Strategies to Make Better Financial Decisions for Your Business!

Cash Is King! Creating a Culture Focused on Money Management

The better financial decisions you make in your company determine many outcomes including the future of your business. Mistakes made in the financial aspect have dire consequences and may cause serious harm to your business venture.

To make better financial decisions, you need to know your business’ numbers and create better strategies for making financial decisions.

But how do you develop such strategies that can help you make sound financial choices for your company? This article shares ways you can achieve that and make your business more financially sound and sustainable.

What Exactly Is Supply Chain Management? 10 Different Definitions!

What Exactly Is Procurement? And What is Purchasing?

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When I began my career there was no such thing as “Supply Chain Management“. Supply Chain was not a title to be found anywhere on any organization chart.

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more.

So what exactly is the definition of “Supply Chain Management”? Interestingly there are many views on how to define Supply Chain.

What are the Most Effective Ways Your Business Can Increase Profit?

What Your Small Manufacturing Business Should Do To Increase Profits?

When you run your own business, you are naturally always going to be curious about the most effective ways you can increase profit. There are several different options available to you, and the one which applies the most is going to vary depending on what your business does and how well-established your business is.

This article is going to go into a bit more detail about some of the best ways that you can increase your overall profit and make your business more successful as a result.

Benefits of Renting a Forklift!

Critical Forklift Safety Tips! (Infographic)

Many small businesses don’t have the capital available to buy new equipment, but they also might not know that they can rent most of what they need at a fraction of the cost.

For example, forklift rental at Modern Forklift can be a cost-effective way to expand your business without tying up a lot of money in a depreciating asset such as a new forklift. In addition to being more cost-effective, here are the other benefits of renting a forklift instead of buying one.