MANOEUVRABLE MANUFACTURING

Maintaining a strong balance sheet and an eye on cash flow is a prerequisite for business leaders who seek to master the near-term imperatives of viability and manoeuvrability. However, freeing up cash is not just about cutting the fat and eliminating waste. Capital optimisation is also about becoming more creative within the organisation's existing resources and processes. One area where value can be extracted is within the manufacturing supply chain. There is increasing demand for novel solutions and processes involving working capital management. A strong foundation for payment optimisation demands that paper-laden payment processes be upgraded with more agile, robust and scalable extensible markup (XML)-based equivalents. Once equipped in this way, companies and their supply chain partners can take advantage of far more dramatic working capital and cash flow efficiencies to their mutual benefit.