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.
Continue reading “The Preeminent Role of Supply Chain in Cash Cycle Management!”