There are two places to look. First is your portfolio of products & services to reduce the number of items you sell focusing on the most profitable items - except 1. You need to maintain at least 1 price leader that will keep the customers buying for as long as possible. It also will provide needed revenue.

The second place is to look at all the costs external to company. Inflation will affect your suppliers differently and relationships that made sense before won't now. The same can be said for supplier relationships that made no sense during an economic expansion could now be a better fit.

Topics: Manage the Portfolio Potential Stars Cash Cows Dogs Reassess Supplier Relationships Look for better alternatives based on price and quality Buy direct from manufacturers rather than distributors Remove service components - go DIY Investigate BNPL (Buy Now Pay Later) Upgrade your lowest price offer