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International Supply Chain Disputes & Supplier Validation – Pt2
Supplier issues can affect the overall business and can become an unrecoverable and expensive problem. Business owners can do a lot to prevent defective parts and materials from international suppliers from becoming a major business problem. Big-name suppliers first...
How do R&D Tax Credits boost cash for loss-making SMEs?
UK Research and Development (R&D) Tax Credits and Tax Reliefs apply equally to profitable and loss-making companies. This is sometimes misunderstood with people thinking that a company needs to be profitable to benefit. How much cash can be claimed by loss-making...
Understanding your Finances
So many business owners tell me they don’t understand their accounts…that’s what they have an accountant for. Yet for a business owner not having a handle on their own finances is an opportunity missed. You don’t have to be a qualified accountant to understand the...
International Supply Chain Disputes & Supplier Validation – Pt1
What do business owners do when they receive defective parts and materials from international suppliers? Very quickly, supplier issues can affect the overall business and can become an unrecoverable and expensive problem. International supply is a tried and tested way...
Are you personally liable for your business’s debt?
For a business owner, your company's ongoing success and survival may seem like your number one priority. It's easy for your private life to become intertwined with your professional one – and this includes your finances. When you and your business are closely weaved,...
Don’t let jargon get in the way of improvement.
If you’re running a small or medium-sized business, some of the language you see or hear about how to improve might leave you a bit bemused. You could legitimately be thinking ‘what on earth does Lean, 6 Sigma, Poka Yoke, Gemba or Hoshin Kanri have to do with my...
Case Study – Operational Effectiveness Assessment – Managing Risk
The Client Medium sized FMCG manufacturer Constraints Regulated industryLong supply lead timesHigh raw material costsHigh potential impact from consumer complaints The Problem The client’s product uses raw materials supplied from multiple countries and the assembled...
Procurement Case Study – Restructuring a Vital Supply Base
The Client National Materials Testing OrganisationExtensive & Varied Customer BaseVast Array of Specialist Services Provided The Problem The nature of the client’s business meant that they required a wide range of highly educated and specialised personnel. Roles...
Operations by design – the four V’s
Operations can be costly, hence the ongoing drive for productivity and efficiency. There are four aspects of your business that will drive the way your operations are designed and their associated cost profile. First, think McDonald's and you’ll understand the impact...
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