Small business financial management think tank
Enterprises of small business financial management think tank
life and death is the most unusual thing in the world, but the enterprise can make money on the cusp of a few. Key point is that correct decisions. Mentioning decision-making, as if this is a very large projects, to be very prudent. In fact, anything as long as in accordance with good ideas to get down to doing, the success so it is not an impossible thing. Renjie electronics company is the e-street is one less than 20 small enterprises, but it can always maintain a high level of profitability, intense competition in electronic products and their financial philosophy.
cost control Zhang Chi
Renjie Electronics is a company founded in 1995 the private sector 3 million , registered capital of the company’s operating range of the electronic agent of domestic and international brands of communications products, a unit of commodity circulation is also responsible for the installation of the ultimate user.
cost control is generally valued by many SMEs, cost savings should be a choice principles savings in order to save staff costs, the company has taken control of the cost of different treatment methods for different situations. installation business for a small amount of the ultimate users, the use of temporary employ familiar engineering team; daily small-scale maintenance of the machine, universal technical training to operational staff; emergency repairs for high-end machine is taken and the upstream vendors to sign a maintenance agreement.
SMEs should establish a continuous through technological innovation to reduce product cost concept to promote technology innovation and cost management, the short term, technological innovation need to invest to develop new products also need to invest quicken software, this is to increase the cost factor turbotax coupon, but in the long term, not only can obtain more big benefits to fight for the initiative in competition, it brings increased profits factors to its input cost factors.
participation of all the Ministry of Finance of the financial management
company has four accounting. Although the company’s accounting staff is small, but their financial work but then the overall operation of the company from the strong constraint. Renjie electronic companies to implement form of blackboard newspaper every day by the finance staff in accordance with the specific entries of the contract to update the cash recovery situation. it appears, has aroused the concern of everyone: business often to check the discussion to follow up and through it responsible for their own contract income progress; that executives can use it to obtain estimates of the two dealers back to the paragraph. In this way, everyone can get important information from here. in the company, accounts receivable in the recovery of only as a the costs of a market, if not yet received payment, you can not count the sales have been completed, nor in terms of customer satisfaction, of course, does not give the sales staff to pay a commission. greatly mobilized the enthusiasm of the sales staff, eliminate the sales staff just signed a contract regardless of the actual receivables.
enterprises to establish a responsibility system for sales of receivables, sales staff not only to promote their products, but also is responsible for receivables hang hook, and the payment of a debt payment and sales bonus, this is an effective measure to guard against the risk of accounts receivable, but should pay attention to the balance between incentives and constraints. business free quicken, you can create accounts receivable section of computer management systems, the use of computer implementation of timely monitoring of the customers.
emphasis on inventory management
Renjie detailed statistical record of every sales, and set the mode of inventory management software, once the inventory below the warning level is an immediate replenishment. long-term business experience to make their company’s stock tying up funds for a very low but also because of their business in general is a custom machine, so the coordination is very important and the manufacturers of the company and the production of long-term cooperation have a detailed agreement. payment ratio for the set of synchronization in accordance with the contract with the buyer receivables proportion, thus greatly reducing the risk due to the timing of payments gap caused by the cash intensive, machinery and equipment manufacturers during installation to provide after-sales service has played a certain role in contain. For small devices, the demand for the sudden appearance of floating, they adopt to achieve a transfer cargo to the peer, than adjust the prices of goods directly from the supplier, but because of fewer comparison than the accumulation of a large number of stocks occupy liquidity cost much.
the company’s small, but pay attention to absorb advanced technology, and use of management software for inventory management, to ensure the supply of inventories, the inventory savings on the amount of funds currently trade enterprises to take a zero-inventory, directly supplied by a single customized to the client, to avoid the stock price changes lead to the risk of loss. There are many companies to implement Business Process Reengineering (BPR), enterprise resource planning (ERP), these are the means to improve the operation speed.
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