Gross margin

Gross margin 101 In a previous post about cash flow management, I highlighted that gross margin is a key element for a sound and healthy cash flow. What is the gross margin? Gross Margin is the difference between Sales and COGS and represents the value added that your business is … Continue reading

Expense Reduction and Reporting

Expense reduction is an omnipresent and perfectly normal topic within businesses.  In the quest for improvement and gaining a better cost position companies create, promote and drive cost reduction programs.  Some of the programs are very complex and sophisticated and some are just simple plain … Continue reading

Budgeting process

What is the budget? What is a budgeting process? A budget is a very well known term used in the business world. What does it actually mean and why is it so important as everybody is saying? The budget is the formalized plan of what you intent to do with your available resources in the next … Continue reading