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One of common reasons businesses close their doors is INADEQUATE FINANCING. HOW IT CAN BE HAPPEN?

Businesses need cash flow to float them through the sales cycles and the natural ebb and flow of business. Running the bank accounts dry is responsible for a good portion of business failure. Cash is king, and many quickly find that borrowing money from lenders can be difficult.

Running an organization is no easy task. Being aware of common downfalls in business can help you proactively avoid them.

The primary goal of this workshop is to help professionals who have some knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports. Real-current problematic finance & business cases will be analyzed and scenario solutions will be discussed in the workshop.

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FINANCE & ACCOUNTING
FI049	Accounts Receivable & Credit Policies Management	7&8 May	Request
FI158	Financial Statement Analysis (Predicting Business Failure)	7&8 May	Request
FI071	Bookkeeping & Accounting Skills	9&10 May	Request
MG070	Tax Planning for Malaysian Company	14&15 May	Request
FI044	Understanding Business Performance through Financial Statement	21&22 May	Request
MG017	Fundamental of Costing & Budgeting	23&24 May	Request
FI115	Accounting For Non - Accounting Manager	24&25 May	Request
FI137	Effective Debt Collection Skills - The Collection Communication	28&29 May	Request

FI098	Goods and Services Tax (GST) – A Practical Session	4&5 Jun	Request
MG069	Strategic Cash Flow Management	11&12 Jun	Request
FI039	Cost Analysis	11&12 Jun	Request
FI150	Finance for Non-Finance Professionals *SBL-Khas	11&12 Jun	Request
MG153	Understanding Costing Techniques & Pricing Decisions	18&19 Jun	Request
FI038	Budgeting & Planning	20&21 Jun	Request
FI116	Effective Accounting for Account Supervisors	21&22 Jun	Request

CLICK HERE TO REQUEST BROCHURE

The Importance of Warehousing in a Logistics System

Warehousing and warehouse management are part of a logistics management system, which is itself a component in supply chain management. Although viewed by some as simply a place to store finished goods, inbound functions that prepare items for storage and outbound functions that consolidate, pack and ship orders provide important economic and service benefits to both the business and its customers

Central Location

A warehouse provides a central location for receiving, storing and distributing products. As each inbound shipment arrives, responsibility for the goods transfers to warehouse personnel, products are identified, sorted and dispatched to their temporary storage location. Storage isn’t a static “thing” but rather a process that includes security measures and maintaining an environment that preserves the integrity and usefulness of the items. Once it’s time to move items, each order is retrieved, grouped, packaged and checked for completeness before being dispatched to their new destination.

Value-Adding Operation

The objective of a logistics system is to reduce cycle times and overall inventories, lower costs and most importantly, improve customer service. Warehousing increases the utility value of goods by providing a means to have the right products available at the right place in the right time. Operations such as order consolidation, order assembly, product mixing and cross-docking that take place within the warehouse structure also add value to the overall logistics system.

Economic Benefits

Warehouses provide a economies of scale through efficient operations, storage capacity and a central location. Economic benefits are realized, for example, through consolidation and accumulation operations. Consolidation operations cut outbound delivery costs for both the business and its customers. Instead of shipping items individually from multiple sources, items are delivered to a central warehouse, packaged together and shipped back out as a complete order. Accumulation operations allow a warehouse to act as a buffer, balancing supply and demand for seasonal and long-term storage. This can be vital to business profitability when demand for a product is year-round but the product may only be available at certain times of the year.

Service Benefits

Warehouses can serve as part of a contingency plan to ensure outbound orders are filled in full and on time. A practice called safety stocking allows businesses to maintain a predetermined number of inventory items at its warehouse. On the inbound side, safety stocking means that an emergency such as a transportation delay or a shipment containing defective or damaged goods won’t delay filling and shipping customers order. On the outbound side, safety stocking is insurance against out-of-stock items.

Source;http://smallbusiness.chron.com/importance-warehousing-logistics-system-74825.html

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Inadequate Financing is one of reasons why business closes their doors - HOW TO AVOID IT?

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