How to More Effectively Convert Your Inventory into Cash

Description

Slow-moving inventory adds to a slower cash flow and consequently creates greater carrying costs that must finance the inventory. The degree of success, in converting inventory into cash, is directly related to the how well the inventory cycle is monitored and controlled.

Reviews

Shared by: Terry H Hill

Tags

into, cash, more, convert, effectively, inventory, business, turnover, ratio, management, product, forecast, cash flow, into cash, inventory levels, inventory into cash, inventory into, finished goods

Stats

views:: 315
rating:: not rated
reviews:: 0
posted:: 3/24/2008
language:: English
pages:: 0

Traditional Copyright:All rights reserved

Shared by: Terry H Hill

Terry H Hill

Business Consultant

Managing Partner

Legacy Associates, Inc...

legacyai.com

contact me

About

A veteran chief executive, author, consultant, and an accredited associate of The Institute for Independent Business, Terry Hill is the founder and managing partner of Legacy Associates, Inc. a business consulting and advisory ser (More...)vices firm based in Sarasota, Florida. Terry Hill is a strong strategic thinker with a unique understanding of the relationship between strategy and old-fashion execution. This Eastern Michigan University Business School Graduate has applied his education, his athletic background, and his real world experiences to hone his skills as an astute businessman, a trusted advisor, and a gifted mentor. During his three decades of diverse experiences in corporate, as well as, entrepreneurial roles, Mr. Hill has earned the reputation, both domestically and internationally, for providing skillful and practical guidance in a variety of business environments. Known as a critical thinker and an "out-of-the-box" strategist with extensive "hands on" experience in spearheading start-ups, leading turnarounds, and executing major expansion initiatives in a variety of entrepreneurial and market-making businesses, Mr. Hill has gained a keen understanding of the issues and forces affecting today's business owner. Terry is recognized for his creative problem-solving capabilities, his skillful management / leadership qualities, and his ability to harness the input from individuals and teams. His exceptional ability to synthesize and communicate complex ideas has often meant the difference between people just thinking about a solution, and actually implementing the solution. Based on Mr. Hill's "been there, done that" credentials, he is experienced and competent to advise businesses on a variety of matters in the most practical and effective way. Mr. Hill is committed to helping companies gain share, ensure access and grow markets for their products while improving the general health of the business and increasing its profitability and value. Mr. Hill's book, How to Jumpstart Your Business, is a practical guide for down-to-earth answers to questions and challenges that every business owner faces. Jumpstart is a must read for anyone who is thinking of starting a business or for those who are running an existing business. Terry Hill's diversified experiences, his highly effective communication skills, and his pure love of "the game of business" provide the basis for successful guidance, mentoring, and advisory services to business owners and their employees.

Other docs by Terry H Hill

Making Your Working Capital Work

Views: 391 | Downloads: 0

Legacy Small Business Consulting Services

Views: 361 | Downloads: 0

How to More Effectively Convert Your Accounts Receivable into Cash

Views: 472 | Downloads: 0

How to Create a More Positive Cash Flow

Views: 585 | Downloads: 0

How to Successfully Navigate Your Business through an Economic Downturn

Views: 311 | Downloads: 0

Don't Underestimate the Effects of Your Company Culture