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100 WAYS: #22 Negotiate Special Terms to Stretch Cash Flow
– May 19, 2010
It is important to develop strong working relationships with your suppliers. They often have the ability to offer discounts or special terms for repayment. ...
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100 WAYS: #21 Scale Back Orders But Pounce On Deals
– May 17, 2010
Proper cash management is extremely important in today’s economy. It is probably not wise to tie up your cash with inventory or supplies unless absolutely necessary. ...
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100 WAYS: #20 Double Check Scales for Accuracy
– May 12, 2010
Somebody in your mailroom should be responsible for knowing how to mail parcels out of your office economically. ...
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100 WAYS: #19 Use Fax Machine/Email to Speed Collections
– May 10, 2010
Think in terms of using your fax machine or email to take orders instead of paying an employee to take to perform this same task. ...
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100 WAYS: #18 Lock the Supply Cabinet
– May 5, 2010
Typical savings can be up to 30% of your office supply expense by instituting simple controls. Consider having a requisition system where employees fill out a purchase form and orders are then placed in bulk, as needed. ...
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100 WAYS: #17 Guard Against Losses from Employee Theft
– May 3, 2010
Recent studies have shown that employee theft has been escalating and up to 75% goes undetected by management. It is estimated that employees steal approximately $55 billion worth of merchandise in this country every year. ...
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100 WAYS: #16 Reward Your Employees for Bright Ideas
– April 28, 2010
The best source of advice on how to survive this bad economy may be right under your nose. It is your own workforce. ...
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100 WAYS: #15 Dispose of Slow-Moving and Obsolete Inventory
– April 26, 2010
Studies have shown that slow moving or obsolete inventory costs approximately 2% a month to sit unused in a warehouse. ...
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100 WAYS: #14 Sublet Unuse Office Space
– April 21, 2010
At least annually, you should review your office space in relation to your current and future needs. If you determine that there is excess capacity, consider leasing some of this unused space. ...
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100 WAYS: #13 Eliminate Unneccessary Utility Costs
– April 19, 2010
A thorough review of utility costs can lead to significant savings on your monthly bills. ...
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