It's standard business practice. Chase customers for payment as soon as possible and pay your suppliers as late as possible. Cash is king and in some industries - retail being a prime example - cash flow is the pivot of profitability that can make the...
Consider these areas of potential saving. Which delivers the biggest savings in a recession? Reduced Supplier Costs Working Capital Management Reduced Inventory All provide great opportunities for savings but, I have to say that if I had been asked this question, I’d have ranked the savings in that order...