An article from Smart Company
In my lending days, I used to see countless companies finding themselves short on cash and needing an urgent increase in their overdraft to be able to pay their bills.
So how does changing the way you manage stock give you more cash?
Your shelves and stockroom isn’t stacked with stock and inventory. It’s piled high with cash, because that’s exactly what you handed over to buy it in the first place.
In my article for Smart Company, I look into things you can do to reduce the amount of money tied up in your shelves and stock, so you can put that cash where you really need it.