Improving Cash Flow by Leveraging the Supply Chain

FLO Bangalore’s Business Finance vertical held an online session on “Improving Cash Flow by Leveraging the Supply Chain”, on November 11, 2024. FLO member and Director of Goldratt Bharat, Ira Gilani led the session which focused on providing practical tips and tools to help member entrepreneurs improve their organization’s working capital management.

Key takeaways:

– Lead Generation and Management: Implemented a system to capture and track all potential clients, then actively seek referrals from existing ones.
– Efficient Operations: Prioritize timely responses to inquiries and strive for on-time delivery to gain a competitive edge.
– Financial Optimization: Reducing working capital, aggressively collecting overdue receivables, and implementing advance payment strategies for long cash-to-cash cycles.
– Inventory Management: Identify and liquidate slow-moving inventory to free up capital.
– Ira Gilani provided guidance to specific queries from members on cash flow management.
– Financial Housekeeping: Reviewing off-balance sheet items and prioritizing vendor payments to maintain a healthy cash flow.