Running a growing trading business
Practical guides on margins, factory quotes, credit control and moving off old ERPs, for owners and finance teams of trading, sourcing and manufacturing companies.
How to work out your margin when factories quote in different currencies
A worked example: factory quotes in HKD and RMB, a selling price in USD, and the margin at each quantity, with the three mistakes that hide margin.
7 signs your business has outgrown Tally
Tally is great for books and GST. These seven signs mean your trading or sourcing business needs more around it, and how to move without a big-bang migration.
Credit control for trading companies: warn or block, and who approves?
How to set credit limits, when to warn and when to block an order, who should approve an override, and what to log, for trading and sourcing companies.
How to run an RFQ with several factories without drowning in spreadsheets
A simple process for requesting quotes from several factories, comparing replies fairly across units and currencies, and freezing the price you quote.