Improve Your Manufacturing Business’ Cash Flow
Improve your manufacturing business cash flow by understanding your day-to-day operations and financial obligations. Having a consistent cash flow is crucial to pay vendors, suppliers, purchasing stock, managing inventory and juggling sales contracts.
While it is easy to say that companies need to maintain optimal inventory levels, it is often easier said than done. Purchasing excess inventory will cost cash flow and storage issues. And if you don’t carry sufficient stock, you could be exposed to costly out-of-stock situations which can be damaging to your business relationship and your production processes. To manage an optimal inventory level, there is a need to access real time data across sales orders, forecast orders, usage of inventory, work in progress across the entire organisation.
4 Suggestions To Improve Your Manufacturing Business’ Cash Flow
- Identify Slow-Moving and Fast Moving Stock
- Forecast Future Demand with SAP Business One’s Recommendation
- Accurately Measure The Cost of Goods
- Control Your Inventory Ordering Process
MicroChannel has extensive experience in SAP Business One implementation across various industries and we have a team with extensive experience to help you implement the solution at the highest efficiency possible. To find out more about SAP Business One and how to improve your manufacturing business’s cash flow, contact us
SAP Business One is an affordable Enterprise Resource Planning (ERP) software designed for small to midsize businesses. As a business management solution, SAP B1 streamlines business processes, provides real-time information, and help boost overall business performance. The solution covers finance, sales, customer relationship, purchasing, procurement, inventory and manufacturing in one centralised system, enabling accurate and precise information retrieval that assist in reporting, forecasting and analysis.