Supply chain

Why you may have cashflow problems

From time to time most businesses have cash flow problems. The trick to overcoming these is to understand your business and I mean really understand it. The key questions to ask when you have cashflow problems are: Are customers paying late? Are suppliers asking for payment earlier? Have you had…

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…