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Finance always takes the back seat in organizations over sales and operational priorities. But without setting clear financial goals and plans to execute them, it's like shooting in the dark. Sure, you may have gotten lucky to grow at the desired pace. But how confident would you be to sustain that growth? Not much, right? This is where the connected systems and financial KPIs can provide the framework for growth with confidence.
In today's episode, our guest, Jim Downes, shares his insights into the importance of tracking meaningful financial KPIs to improve profitability and growth for CPG companies. He also discusses the unique challenges associated with matrix inventory and how the planning for such inventory is slightly more involved than most other businesses. Finally, he describes the importance of having a plan and why connected systems are important for continuous tracking and improvement.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation