Learning Objective:
Sales forecast followed by raw material requirement planning and developing a robust financial plan for business continuity.
Topics:
- Revenue Forecasting and Sales Projections:
– Creating a detailed forecast of expected revenues based on product/service sales.
– Analyzing historical sales data and market trends to inform projections.
– Developing different revenue scenarios to account for potential fluctuations.
- Expense Management and Cost Analysis:
– Identifying raw material support required from suppliers
– Identifying and categorizing all relevant business expenses, including fixed and variable costs.
– Creating a detailed cost breakdown for each product or service.
– Implementing cost-saving measures and efficiency improvements.
- Cash Flow Management and Working Capital:
– Developing a cash flow forecast to monitor the inflow and outflow of cash.
– Managing working capital effectively to ensure the business has enough liquidity.
– Implementing strategies to optimize cash flow, such as negotiating payment terms with suppliers and managing inventory levels.
