Lawrence Sports

Running head: LAWRENCE SPO Lawrence Sports Performance Measures Lawrence Sports go out generate lavish working capital in addition to developing monetary stability by implementing the following performance footprints for evaluation and pick up potential opportunities. The concern go forth monitor these recommendations closely for the following three months and make adjustments as necessary. The key metrics employ to monitor performance would be aging statements which provide a snapshot of peachy receivables and payables. The newly recommended honorable mention form _or_ system of government give peak each customers timely compensation as well as credit discounts for early payment. Lawrence Sports depart also monitor which customers pay their debts in addition to the bar of credit each customer averages monthly. This allow increase the chance to be paid using precise collection time through functions as late penalties, good customer relations, and ensuring liquidity. This policy will improve the accounts receivable and daily sales outstanding (DSO) which will increase working capital. The next performance measure will monitor resourceful supply chain management which includes inventory with just in time delivery and 45 day payment legal injury with all vendors.

This process will improve cash flow management by supervise inventory as a percentage of revenue and anticipation supply chain needs through a weekly spreadsheet. Each vendor must contractually agree to these terms before doing business with Lawrence Sports and all existing and new customers will sign a written contract agreeing to the new credit policy terms. Each of these new policies will help to measure and monitor collections, payables and granting credit to customers who pay on time which will increase revenues and allow investment in earning opportunities. CFO, Stephanie Sanders should be obligated for these performance measures of credit policy and the cash budgeting system which suppose budgets and cash flows. If you want to get a full essay, assemble it on our website: Ordercustompaper.com

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