Can You Produce More Than You Can Sell?
Below, 12Faces goes through problems and solutions inventory, operations and/or production. Operations is where the work of the business gets done. It should scale up and down with Sales Revenue, otherwise there can be a large impact on Profits.
Alternatively, You Can Sell More Than You Can Produce
Inventory monitoring has a major role with inventory intensive businesses, for example, wholesalers, manufacturers and retailers. The Profitability of all businesses is tied to its Gross Margin. Are you monitoring this important analytic tool?
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Learn to use the 12Faces Diagnostic Process to best advantage, click More Info.
Choices for Problems and Solutions Inventory, Operations or Production
This link covers Sales and Marketing, pricing strategies, customer retention, expanding your sales territory, amongst other solutions. Increase leads and customers who purchase and stay with you. Watch your Revenue grow as you sell the product that you are producing.
Problems and solutions inventory and how to improve the production and operations elements of your business. It is crucial to optimise these areas so that you can increase production to meet demand.
Have your labour costs increased? Have you discounted prices? Are you managing you inventory costs – this applies to all businesses, from stationery through to large items? Do you employ casual labour, have these costs gone up? Go to this link to discover more areas and solutions.
Don’t understand what the Gross Margin% is? That’s ok – this link explains the theory behind. It is a window into one of the most common reasons businesses experience a fall in Profit. Learn about the 5 Whys Technique which will assist with working out your problem and solution.
When you improve your operating costs and productivity the improvement goes straight to your Profit. There are many areas to work on depending on your symptoms. This link will guide you to the right solution.
Has this caused a problem with Cash Flow, struggling to pay bills. Improve your Inventory Management, it has a major impact on Profit and Cash Flow. This applies to all businesses, not just manufacturing.
Find Solutions to Symptoms
Click on relevant links to drill down on solutions to the symptoms your business is exhibiting.
Your business symptoms not covered?
We add to our Symptoms Checker as new issues are uncovered. If your business symptoms are not covered here, email us and explain the symptom. We will try to address your issue and add it to the list already covered so you will be helping those who come after you.
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