supplier chain

How to manage your Working Capital

How to manage your Working Capital

What is working capital? Simply put, its the cash required by a business to pay its suppliers, expenses and staff. It goes in a cycle as shown in the illustration above. When you start a business, it will take some time to start making profits and you will need sufficient…

3 Key Tips in managing your Suppliers

3 Key Tips in managing your Suppliers

A lot of businesses don’t pay enough attention to managing their suppliers. They constantly manage their customers but tend to forget how important the suppliers are to their business. Supplier relationship management is also critical. It’s not just a case of paying them what’s due when its due. Actively building…