Daily Insights, Trends and Solutions for Professionals, Experts, Students and Society
This week saw one of the year’s most highly-anticipated releases in the Supply Chain industry: the Institute of Supply Management (ISM)’s annual salary and compensation survey.
As a recruitment company specializing in the industry, we consider it part of our mandate to spread the word about salaries in the field – and educate ourselves even further in the process.
Continue reading “Supply Chain Compensation is on the Rise!”“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!
Continue reading “Cash Is King! Creating a Culture Focused on Money Management”
