Whether your business is in survival mode or experiencing an uptick, the way you manage (or don't manage) cash flow will determine your business's future. Cash management has always been critical, but in this economy, it's essential. If you've been in the dark about your cash flow, can't pull your numbers quickly, or want some tips to improve your cash flow and prepare for additional market disruptions, join our upcoming webinar.
The rising costs of labor, raw materials, coupled with new overhead expenses associated with spacing and retrofitting work stations, temperature checks, and increased sanitation, all impact your bottom line. Manufacturers need to accurately monitor the costs of production, so they can consider adjusting pricing, find new suppliers, or renegotiate fixed contracts to stay profitable.
For a lot of small to mid-size manufacturing and distribution businesses, there’s a conundrum looming over the accounting department. Often, these departments consist of just a few accountants, possibly a controller or accounting manager. Typically the business owner serves [...]
If a product recall occurred tomorrow, would you be prepared? If you’re in business long enough, there is a high chance you’ll face at least one product recall. Depending on how your company handles it, a recall can be a [...]
On October 26th, 2019, Wherefour released update 3.5, which added some new features to its mobile-friendly, cloud-based platform for food, beverage, and natural product manufacturers. A few of the highlights from this release include the following: The inventory trace [...]
SSF is a proud sponsor of the 2019 Valley Made Manufacturing Summit! The Valley Made Manufacturing Summit is a conference for the thriving manufacturing industry of the San Joaquin Valley. Attendees will learn from industry leaders, celebrate their growing business [...]
As a business owner, you likely started your business because of a great product and a passion for your craft. Whether innovating the production of chocolate or sharing your family’s bread recipe with the world, analyzing accounting standards and [...]
The Future of Manufacturing New regulations and the organizations working to make it better In July 2017, the National Association of Manufacturers (NAM) released the results of a joint study on the US public perception of manufacturing. Believe it [...]
Tips for Craft Brewers What you need to know before jumping in craft beer industry Today’s beer industry is undeniably shifting in favor of the emerging craft brew movement that has brought thousands of options to taps across the nation. [...]
While today’s competition in the Food & Beverage industry remains fierce, there are steps your manufacturing company can take to foster success. It starts by addressing many of the challenges the industry faces, such as managing cash flow; assessing [...]