Is your business in trouble? Here are some common signs:
Financial:
- Declining revenue and/or gross margins.
- Stretched accounts payable.
- Sustained losses, especially for more than 12 months.
- Substantial back taxes.
- Vendors require cash on delivery or cash in advance.
- Inability to forecast performance.
- Fatigue in customer or supplier relationship.
Operational:
- Repeat concerns
- Full inventory/high rework
- Poor delivery performance.
- Excessive inventory, especially in the work process.
- Excessive material movement.
- High employee turnover.
- Customer mandated sorting or containment
- High accident rate.
- Management defensiveness.
If you are experiencing one or more of these signs in your organization, contact us for assistance.
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