Building Supplier Redundancy: Lessons from Diversifying Beyond a Single China Source
I’ve spent a lot of my career on factory floors in China, negotiating supplier terms face to face rather than reading about them in a report. That first-hand travel to source and qualify manufacturers built an in-country network my clients still draw on today. For one importer, that meant direct introductions to vetted Chinese suppliers […]
Where’s All the Cash Gone? How Poor Inventory Planning Kills Manufacturing Cash Flow
If your warehouse looks full but your bank account doesn’t… you’re not alone. Many manufacturing and distribution businesses find themselves in this exact position: shelves stacked, suppliers paid, but cash flow still squeezed. Inventory decisions made without forward planning can quietly eat into your margins and tie up the cash you need to grow, invest […]
Do I Need a Finance Director? A Guide to Making Informed Business Decisions
Introduction When it comes to running a business, managing finances can be a complex and time-consuming task. From ensuring compliance with regulations with HMRC and Companies House, to maximising tax benefits, handling finances effectively is crucial for long-term success. One question that often arises is whether hiring an accountant is necessary. In this post, we […]
Strategic Financial Management for your Manufacturing Business
Running a manufacturing business is complex and keeping control of the finances is no exception. Although most manufacturing business owners understand the need for compliance and financial accounting, the benefits of strategic financial management may be less obvious. Manufacturing is a cash-intensive business and cash could be tied up in working capital for weeks or […]
Did You Know Logistics Can Increase Sales and Reduce Costs
A great logistics operation can provide opportunities for improving sales and financial performance. Resulting in a POSITIVE impact on profit. Logistics is no longer just an operational necessity Logistics can increase sales. Logisctics can improves sales by having a positive impact in many customer touch-points, notably in the following four areas; 1) Customer relationships with […]