Keep the Cash Flowing: Streamline Supply Chain Operations to Maximize Cash Flow and Drive Focused...
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Transcript of Keep the Cash Flowing: Streamline Supply Chain Operations to Maximize Cash Flow and Drive Focused...
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Part of TAKE Supply Chain’s ongoing webinar series: Optimizing Supply Chains in a Global and Mobile Economy
Keep the Cash Flowing: Streamline Supply ChainOperations to Maximize Cash Flow and Drive Focused Growth
WEBINAR
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Key TAKE-Aways
Pressures on mid-market companies
External factors
Cash flow
Adjusting to the new reality
Shorten your supply chain “order to cash cycle”
Inventory balance
Smooth Shipments; On-time Deliveries
Focus on the financial supply chain
Prioritize customer satisfaction
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Part of TAKE Supply Chain’s ongoing webinar series: Optimizing Supply Chains in a Global and Mobile Economy
Increase Integration with your CMOs and 3PLsfor a More Powerful Supply Chain
Part of TAKE Supply Chain’s ongoing webinar series: Optimizing Supply Chains in a Global and Mobile Economy
Keep the Cash Flowing: Streamline Supply ChainOperations to Maximize Cash Flow and Drive Focused Growth
WEBINAR
![Page 4: Keep the Cash Flowing: Streamline Supply Chain Operations to Maximize Cash Flow and Drive Focused Growth](https://reader035.fdocuments.in/reader035/viewer/2022062710/5595af311a28abf73d8b4627/html5/thumbnails/4.jpg)
Lowered expectations of US economic growth
Political & regulatory uncertainty
Increasing tax rates & health care costs
Increasing labor costs
Lack of a qualified workforce
Improved quality of goods from China, India, and Mexico
Decreased brand loyalty
Pressures on the Middle Market
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Drive to Grow
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Despite challenges mid-market companies still focused on growth
Less Waste• Re-designed operational processes• Efficient IT initiatives• Risk management
More Revenue• New customers• New products• Cross/Upsell• Geographic Expansion
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Cash Flow is a More of Concern
Mid-Market companies feel more cash flow pressure
Lower Revenues
Lack of Influence
Payment Terms
Capital Considerations
Bank Financing
Global Concerns
Cash Flow
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Adjusting to the New Reality
Focusing on core business
Personalization & regional preferences
Taking advantage of nimbleness
Smart technology investments
Prioritizing cash flow throughout the company
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Many companies have made the shift
http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_dges_2013americaseconomicengine_04162013.pdf
46% of executives ranked technology as a top investment priority in 2013
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Increase Supply Chain Cash Flow
Streamline processes
Minimize costly mistakes and delays
Improve agility to address the unexpected
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Shorten the “order to cash” cycle, by implementing changes to:
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1) Inventory Balance
Minimize product variety
Cut the inventory “fat”
Reduce large orders
Cross-docking
Tax advantages
Flexible suppliers & terms
And…
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One of the TOP areas to improve cash position:
20 - 30% of product costs may be tied up in inventory; for some products, it can be as much as 50%
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1) Inventory Balance cont’d
Faster order cycle
Better visibility into order status
More power to react and adjust
Flexible platforms can integrate with:Internal systems such as ERP, MRP, and/or AP
Warehouse management
Vendor systems
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Purchasing Collaboration
ERP Vendor SystemsFlexible platform
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2) Smooth Shipments; On-Time Deliveries
Minimize errors (and delays) with Shipping Collaboration
Track ASNs & Goods Receipt
Optimize inventory routes
Source locally
Avoid expedited shipping (unless it makes financial sense)
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Delivery delays can mean payment delays
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3) Focus on the Financial Supply Chain
Match POs, Goods Receipts, & Quality Usage Data
Net payments at due date
Dynamic discounting
Cut unnecessary approvals
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…with AP Automation
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4) Prioritize Customer Satisfaction
Easy & low cost returns
Product & shipment
quality
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Fewer returns, happier customers
• Track / Review 3PLs & vendors
• Increase visibility throughout the supply chain
• Negotiated return shipping costs
• Provide a return label
• Local replacement or repair
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OneSCM® to Support Supply Chain Cash Flow
Flexible Integration
Dynamic Dashboards
Scalable Workflow Automation
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PO
Closed Loop Procure to Pay
Demand Collaboration
PO Collaboration
Ship Collaboration
AP Automation
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Who is TAKE Supply Chain?
Focused on significantly improving global trading partner collaboration and process efficiency in the manufacturing & distribution space
Solutions delivered in the cloud, on-premise, and on mobile devices
Two decades of experience in data collection and collaboration
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“…TAKE clearly understands the nature of successful supply chain management…”
— Ann Grackin, CEO, Chainlink Research
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www.takesupplychain.com
A division of TAKE Solutions, Inc. © 2014 TAKE Solutions, Inc.All other trademarks are property of their respective owners.