Administration
Subcategories
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Creditors Management
Are your creditors helping your business?
Your relationship with your suppliers is just as important as your relationship with your customers. Strong relationships with your suppliers can lead to better service, better pricing and understanding when you experience troubled times.
To strengthen theses relationships you can establish a preferred supplier database. The idea behind this is to focus a majority of goods and services through one preferred supplier but have backup suppliers for when complications arise .
You can place more demands on your suppliers when making them your preferred suppliers. Demands such as bigger discounts for volumes, priority shipping or support.
These preferred suppliers now need to be measured to ensure they are providing you with the best pricing and service since you are giving them all your business.
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Advanced Spreadsheets
Spreadsheets are a very powerful tool for businesses. They are even better when they have been setup correctly. A spreadhseet can be setup to collect information very efficiently and then display this information in a meaningful way through charts and reports. The use of macros and formulas can also streamline and automate process to make processes happen accurately and in a fraction of the time.
Spreadsheets are also a powerful tool for analysing and manipulating data and displaying it in many visual forms. They are a great way to identify trends.
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