Cash Management: Manufacturing and Distribution
Manufacturing and Distribution:
- Have you re-forecasted production and backlog?
- Have you completed a margin analysis on product lines to determine which lines to potentially scale back?
- If your customers are looking to cancel orders to preserve cash flow, have you suggested delayed shipments and billing in lieu of cancellation?
- If you operate your own truck fleet, are you being mindful of number of drivers, number of routes per day, and eliminating non-essential delivery routes?
- Can your products be home delivered? Consider virtual delivery of services, including customer service or tutorials.
- Can you repurpose your products to meet the needs of hospitals and other related services during this crisis?