The following case studies are testament to the ongoing success of BYA Business Group business consultation. Each business provides a unique example of our commitment to financial planning and business coaching:
ABC Company*
ABC is prominent business in the retail warehouse market with a 6 million AUD turnover per annum. ABC experienced a problem common with growing companies where there business grew too fast to implement basic financial planning procedures. As a result ABC suffered from extremely poor stock control and excessive debt issues. Ultimately they had a severe cash flow problem.
BYA Business Group was able to isolate the core problems and instigate a comprehensive turnaround plan. After consultation BYA Business Group was able to introduce and execute wide-ranging business and financial plans. The personalised plans included stock controls, stock reports, 80/20 reports, aged good reports and sales forecasts. Sales reports were extended to include information categorized by product, price, margin and volume, with an avenue to include incentives for customers.
Importantly BYA Business Group ensured supplier agreements were consistent with ABC’s payment ability, meaning ABC was not continuously over extending itself.
The owner of ABC is now back in control. All staff now have KPIs and weekly meetings and for them workplace stability has translated to job security.
XYZ Manufacturing*
A large multi-national in South East Asia, XYZ is chemical manufacturing company that was struggling to deal with product waste and stock control.
BYA Business Group was solicited to deflate the 30,000 USD stock loss. The consultation team highlighted a lack of communication between imperative workflows that resulted in inadequate manufacturing procedure and controls. BYA Business Group tightened the business practice through a complete overview of the supply chain. The new strategies optimised production procedures and encouraged workflow communication.
The future has definitely been strengthened at XYZ with the involvement of BYA Business Group.
DEF Company*
DEF is a smaller company that also benefited from BYA Business Group’s consultation. DEF Company distributes market research products to the automotive industry.
DEF had mistakenly bought a container from Europe and soon realised they were no longer competitive in price. BYA Business Group conducted a swift market report based on the 80/20 principle and showed DEF that there were in fact customers who they could still sell their product to and still make a profit.
Although this particular venture was extremely costly for DEF they are now aware of specific niches to capitalise on in the future.
*We respect the privacy and confidentiality of all our clients and as such real business names are hidden
These are just a few examples of the types of problems businesses are experiencing in their everyday training. From large multi nationals to small private ventures there are always areas in which improvement can be made. BYA Business Group strongly believes that with the correct consultation and business ethos any company can be turned to make a convincing profit. Sometimes it just takes an outsiders professional viewpoint to make these changes a reality.
Do you want help based on good old-fashioned business management experience without spin? Then contact us today at 0403-658-430 or info@byagroup.com.au !