Cash is the lifeblood of any company. It’s more important than ever for businesses to optimise this aspect of financial performance if they’re to maintain a steady course in these uncertain times.
In the manufacturing sector there is a particularly strong link between working capital, returns and investment – manufacturing companies need to keep investing in their business to compete effectively and generate higher returns on a sustainable basis.
For many manufacturers, the cash for investment in new technologies is already sitting in their business as working capital, without the need to access additional funding or put pressure on cash flows. It’s time to release it.
The Manufacturer’s Editorial Director, Nick Peters is joined by Andrew Spence, Solutions Director at Sage, and Natalie Henfrey, Working Capital Specialist at PwC, to discuss how manufacturers can realise their cash and cost benefits by optimising the end-to-end strategic and operational processes that underpin businesses operations and in particular, working capital cycles.
Their discussion covers:
1. Optimise the operational processes that underpin the working capital cycle
2. Build a focused operating model, designed to support your growth ambitions
3. How to implement digital solutions and data analytics
4. How to roll-out supply chain financing solutions
To find out more about this topic prior, PwC have produced some reports to support businesses, including one focused on Working Capital.
If you would like any further information regarding this topic, please feel free to email Laura Hansford – [email protected]