The first is cost control. Cost control has been widely valued by many small and medium-sized enterprises, but cost saving should be a selective and principled saving. In order to save personnel expenses, small enterprises can adopt different methods to control costs according to different situations.
Many enterprises have established the responsibility system of sales collection, and the sales staff should not only sell products, but also be responsible for collection, and link the collection demand with the sales staff bonus. This is an effective measure to prevent the risk of accounts receivable, but we should pay attention to the balance between incentives and constraints. If the business volume of an enterprise is large, a computer management system for accounts receivable can be established to monitor customers in time through computers.
Small and medium-sized enterprises should establish the concept of continuously reducing product costs through technological innovation. Promoting cost management by technological innovation, in the short term, technological transformation needs investment, and developing new products also needs investment, which are all factors that increase costs. But in the long run, it can not only gain greater benefits, but also help to win the initiative in competition. Its profit growth factor is greater than the cost factor of its investment.
Finally, we must pay attention to inventory management, and it is good to occupy less inventory funds. The set payment ratio is synchronized with the payment ratio of the buyer's contract, which greatly reduces the risk of taking up a lot of cash due to the payment time difference, and also plays a certain role in restricting the after-sales service provided by the manufacturer during the installation of machinery and equipment.
If the company is small in scale, but pays attention to absorbing advanced technology and using management software to manage inventory, it can save the funds occupied by inventory while ensuring inventory supply. At present, most trading enterprises use zero inventory to supply goods directly to customers according to orders, thus avoiding the risk of inventory loss caused by price changes. There are also many enterprises that implement business process reengineering (BPR) and enterprise resource planning system (ERP), which are all means to improve the running speed of enterprises.