Business advisory
The purchasing strategy and supplier dependency
How to address supplier dependency in purchasing strategy? In the book „The Everything Store: Jeff Bezos and the Age of Amazon” written by Brad Stone, Amazon’s employees compare trade on the company website to addiction to heroin. When product sales gains momentum sellers fall into euphoria, then into addiction but when Amazon starts to reduce…
Read MoreDigitization of purchasing processes – 3 reasons why you should digitize purchasing
The future of shopping is digitization. There is no escape from this process. Modern technological tools, which have been used for years in many areas of business operations, also enter the area of purchasing and relations with suppliers with a tremendous amount. Why is the digitization of purchasing processes important? What are the most important…
Read MoreFinancial liquidity in the company – how to maintain it?
In previous posts, we described issues related to determining financial liquidity, its ratios, the effects of loss and ways to regain financial liquidity. In the last entry of the series we will suggest how to maintain financial liquidity in the company. Preparation to negotiation. 4 common mistakes. Read more → Special actions for turbulent times.…
Read MoreFinancial liquidity in the company – the effects of loss and methods of recovery
In previous posts of the financial liquidity in the company, we wrote about liquidity ratios and methods for determining it. This time we will focus on the effects of losing financial liquidity and look for ways to regain it and restore the company’s financial balance. Why financial liquidity is the base for everything? We have…
Read MoreFinancial liquidity in the company – financial liquidity ratios
In the previous post titled “Financial liquidity in a company – how to determine it?” we emphasized why financial liquidity in an enterprise is important and how it can be assessed. In this article, we will introduce individual financial indicators that not only allow you to assess financial liquidity, but also the overall performance of…
Read MoreFinancial liquidity in a company – how to determine it?
The foundation of the company’s long-term operation is achieving and maintaining its financial liquidity. It means the company’s ability to settle arising financial obligations related to its conduct. How can you determine if your business has liquidity? What to do to achieve and maintain it? What action should be taken when financial liquidity becomes threatened?…
Read MoreWhat is the audit of the company?
The audit of a company should be carried out by an independent auditor. Only then the evaluation and further documentation as well as the new strategy will be prepared in an objective manner. Business audits may have different goals and final results. What is the business audit, what are the types of audits and offered…
Read MoreAreas of business consulting – classification
Very often starting a business people are convinced about the reliability of their strategy. Equally often, running a company for many years, people assume that their processes are reliable. Even if they can observe imperfections and complications. However, to be sure that the company strategy is as optimal, it is good to know the opinion…
Read MoreSupply chain security thanks to blockchain technology
Resilience of the supply chain to threats that may occur along the way of the entire process is an unquestionable basis for every business. Regardless of how complex the company structure is and how extensive the entire process is, proper supply chain management tactics and tools will not only improve the quality of services provided,…
Read MoreRisks associated with e-auctions – how to deal with them?
Purchasing e-auctions, also known as reverse auctions, are an interesting solution that can bring significant savings. It is not surprising, therefore, that they are gaining more and more fans. It is generally believed that e-auctions can improve price effectiveness. They can also allow partial elimination of time-consuming and often complicated business negotiations with suppliers. However,…
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