Are you tired of constantly worrying about cash flow and inventory management? Is your working capital tied up in slow-moving, obsolete products? Fear not, because at The GO Advisors, we've got you covered!
In this blog post, we're going to dive into the exciting world of working capital management and explore ways to improve cash flow by managing inventory through portfolio simplification, specification refinement, reduction of slobs (slow-moving obsoletes), and other methods. But wait, it gets even better! We'll also discuss how to select which products to sell based on consumer value, and apply the growth optimization process to increase consumer value and reduce costs.
One key aspect of working capital management is understanding which products are providing the most value to your consumers. By focusing on products that are in high demand, and reducing or eliminating those that aren't, you can significantly improve your cash flow.
Another key way to manage inventory is through specification refinement. By simplifying your product portfolio and refining the specifications of your products, you can reduce the number of SKUs you need to manage, which can lead to lower inventory levels, better cash flow, and reduced costs.
But that's not all! We'll also work with your supply chain to manage orders and transit times, ensuring that you always have the right products in stock when you need them. By optimizing your supply chain and reducing lead times, you can further improve your cash flow and reduce the risk of excess inventory.
At The GO Advisors, we can help you analyze your product portfolio and identify areas for improvement, allowing you to make data-driven decisions that will maximize your profits.
So what are you waiting for? Contact The GO Advisors today and let us help you improve your working capital management. By implementing our proven strategies, you can boost your profitability, reduce waste, and streamline your operations. Together, we can create a brighter, more efficient future for your business!