Fin 571 week 6 | Business & Finance homework help
To begin with, one decision I made was to add five new customers during the first phase while assessing their risk levels prior. This allowed SNC’s sales to increase $6 million annually since it allowed us to expand our customer base and explore other markets we have not tapped into yet (Kim & Mauborgne 2015). Additionally in Phase 1 I decided to extend our payables terms from suppliers allowing us reduce inventory costs but also lowering our debt burden by trading off short-term financing with more efficient supplier offerings. As a result this reduced cost significantly while retaining efficiency in areas they would typically spend money – saving them even more (Fundamentals 21 2019).
Fundamentals 21. (2019) Fundamentals Of Corporate Finance 12th Edition Ch 21 Retrieved From https://www.wileyplus.com/go/fundamentalsofcorporatefinance12eorganizationid1711652?uicode=UFLA&assetId=219222 Kim W., & Mauborgne R.(2015) HBR’s Must Read On Strategy Retrieved From http://searchcio-midmarket insightlinks com/?pagetype=articlecontent&docid=973179 Tahir M.(2018 ). Accounts Receivable Collection Cycle Definition Retrieved From https://www.investopedia.com/terms/a/accountsreceivablecollectioncycleperiod..asp