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To learn more, visit https://www.marchellludy.com/This episode talks about how to fight inflation and other external headwinds, to make our business remains profitable. Cost of Goods Sold (COGS) is directly impacting the profit and the balance sheet of a business. Therefore, it is imperative to have robust Cost Saving and Cost Control programs in a business, to protect the profitability against inflation caused by oil price increases and commodities price increases. The key is to develop sustainable and ongoing Cost Saving Programs that will offset any commodities price increases. We will talk about examples of Cost Saving ideas, how to prioritize those ideas for execution, and how to establish Cost Saving Projects to bring those ideas into reality, hence immediately improving the Balance Sheet of the business.
Chapters0:00 Opening0:24 Increased Costs Impacting Profits1:22 Cost-Saving Programs2:31 Establishing Saving Projects3:36 ClosingLinksSpotify: https://open.spotify.com/show/4H13OG15r5HGRjArb7grdy?si=f0aa625400c2490cFacebook: https://www.facebook.com/marchellludypodcast/Instagram: https://www.instagram.com/marchellludy/Twitter: https://twitter.com/marchellludyTikTok: https://www.tiktok.com/@marchellludyApple Podcast: https://podcasts.apple.com/us/podcast/business-and-management/id1660518087DisclaimersThe Business and Management Podcast is for general informational purposes only. All of the content is based on my own point of view in my personal capacity. I do not represent any company, any brand, or any institution. The use of information on this podcast or materials linked from this podcast is at the user’s own risk. However, if you want to learn more about the content, please visit https://www.marchellludy.comMay you extract the most benefits from this podcast. All the best!#hustle #work #grind #grit #podcast #business #management #businessowner #coach #coaching #businesscoach #businesscoaching #career #careercoach #careerguidance #careeradvice #leadership #leading #lead #marketing #advertising #advertisement #consumer #behaviour #ads #branding #brand #business #management #brandbuilding #brandmanagement #brandmanager #creativeagency #marketingdigital #marketingtips #marketingstrategy #online #onlinemarketing #hustle #culture #budaya #workplace #corporateculture #cultureshock #supplychain #inventory #cash #customerservice #customer #consumer #trade #cost #profit #revenue #profitandloss #entrepreneur #entrepreneurship #innovation #consulting #mentorship #logistics #finance #multinational #corporateculture #education #management #masterclass #mba #freemba #supplychain #media #digitalmarketing #onlinemarketing #socialmedia
To learn more, visit https://www.marchellludy.com/
This episode talks about preserving the Cash Flow in the business by smartly managing the inventory.
Because the inventory level directly impacts the cash flow. Too much inventory means too much cash being locked in the form of products, limiting the business' ability to pay for overhead costs, such as salaries, and capital expenditures, such as buying new machines.
We will talk about two methods of managing inventory to preserve the cash: (1) Product Segmentation and (2) Safety Stock settings. By understanding whether the product segmentation is strategic or non-strategic, we can apply the right inventory strategy that best serves the business.
To learn more, visit https://www.marchellludy.com/
To learn more, visit https://www.marchellludy.com/
Unlock the secrets of creating unbeatable advertising that's more than just a sales pitch – it's a captivating experience!
Join us on the Business and Management Podcast as we delve into the art of advertising, likening it to the nuances of a perfect date.
Discover the power of visualization, engage your audience with compelling narratives, and learn to empathize with their needs.
Just like in dating, it's about creating connections.
Share your thoughts in the comments below, and if you find this podcast valuable, hit Like, Subscribe, and share the wisdom with your friends.
Here's to advertising that truly resonates!
Bounce Back Stronger with Business Resilience!
To learn more, visit https://www.marchellludy.com/
To learn more, visit https://www.marchellludy.com/
Curious about how Big Brand giants like Coca-Cola and McDonald's keep thriving? Join us, on the Business and Management Podcast. Discover the magic behind driving consumption, learn to expand brand usage occasions, and amp up spending. Dive into the expansion game—opening new chapters like a pro! Explore the art of repositioning, unlocking new horizons for your brand. From Nike's athletic leap to Starbucks' community vibe, find inspiration for your brand's journey. Share your growth ideas in the comments! Don't miss out—Like, Subscribe, and Share. Success loves company!
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