There is a lot of doom and gloom in the high street at the moment. You only have to turn on the TV or Radio news to hear about the latest retailer to go into administration or to hear dire projections about the banks and the level of taxpayers support required to bail them out. So is it all doom and gloom, or is there a brighter future? Reduce unprofitable complexity It is a fact that the last 20% of any range consumes up to 50% of the total Company’s profit potential. Efficient and effective range and space planning and management can generate significant increases in your profitability and consumer satisfaction. Build on customer service excellence Excellence is simply cheaper than managing the consequences of failure. Design, plan and execute for agility Ensure your processes are robust, replicable and can be executed with speed and flexibility to be able to effectively respond to the demands of the current trading environment. Collaborate to leverage performance Your aim is to make your Company the most profitable for each of your suppliers to do business with whilst ensuring you remain the lowest cost operator in your sector. Collaboration within the Supply Chain can deliver a step change in performance and efficiency to prepare your business for the future. Accelerate and enhance cash flow Warren Buffet famously said "Profit is opinion - Cash is fact" Amalgus has experience in helping Companies to optimise each of these areas. To see how Amalgus can help your business unlock the potential in its Supply Chain please contact us here. How to Thrive in a Downturn
Consumer spending this year will shrink by 3.8% but, despite this contraction, there will be growth in real disposable income, which is expected to pick up from 1.5 per cent in 2008 to 3.3 per cent in 2009 thanks mainly to lower inflation and lower mortgage rates.
At Amalgus we do not believe it is all doom and gloom. In fact there are 5 critical success factors that we believe will enable businesses to survive the current downturn and prepare themselves to exploit the future upturn:
Unlocking the potential of the Supply Chain can release valuable working capital. The most efficient and effective means of releasing cash is to accelerate the cash-to-cash cycle by reducing inventory – substituting accurate information for stock.