How to Improve Cash Flow in Your Manufacturing Business

Posted by IMEC on Dec 21, 2021 8:00:00 AM

Cash-flow strategies are imperative in manufacturing because the cash-conversion cycle can be quite lengthy. Here are several strategies to consider for your business:

 

Track Your Cash Flow
The only way to know where your cash is going is by monitoring your cash flow biweekly or monthly.

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16 Questions Every Business Leader Needs Answers to Now

Posted by IMEC on Nov 11, 2021 1:09:42 PM

This article is written by Mark Allen Roberts, CEO and Founder of OTB Solutions.

To say 2021 has been a rollercoaster ride of incredible highs and scary lows is an understatement. We have experienced market disruptions, uncertainty, new pandemic variants, and constraints none of us could have forecasted. In response to these changes CEOs and business owners adapted. A recent McKinsey study indicates more than 60% of CEOs restructured their organization in response to the pandemic.

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Four Strategies to Use Now to Adjust and Improve Cash Flow During a Crisis

Posted by Jeff Allspaugh on Apr 24, 2020 11:10:23 AM

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” — William Arthur Ward. 

Maintaining adequate cash flow is a major factor when operating a healthy business in times of growth and prosperity. During tough times it takes on an amplified role. The fundamentals of collecting on receivables, reducing expenses, reducing inventory investment, and the like are still in play, but these and different strategies need to be examined in difficult economic times.

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