Wholesale & Distribution Business Challenges
Wholesale and Distribution businesses are faced with severe competition and profit margins are sometimes very thin, having to rely on sales volume to compensate to obtain higher profits.
When margins are low, it forces the operations to provide strict efficiencies in all areas of the business, and if any segment of the operation is not in sync, profits go down the drain.
Smart Business Doctor focuses on all aspects of operations, which ultimately have significant effects on cash flow and bottom line profits.
- What metrics management do you have in place to track margins?
- Are you tracking your inventory turns on key volume items?
- Are your purchasing strategies and policies generating higher margins?
- Do you have a close looped inventory control system?
- Are you tracking the efficiencies of material handling?
- Are you reconciling your receiving documents against your purchase orders?
- Have you created the technology necessary to comply with current block chain technology expectations?