
208. What You Need To Know about Insurance COIs
Retailers are raising the bar when it comes to liability coverage, and the process of securing the right insurance is becoming more complicated than ever. Not only are brands facing
by Foodbevy
Mastering sales and order management is crucial for your business’s success. Once you get an order, it’s important to set up the right processes to get it accurately delivered and get you paid on time. Let’s dive into five essential strategies that can transform how you handle sales and orders, ensuring you improve your cashflow.
Make sure you and your customer are clearly aligned on how orders will be placed and what you are delivering. Ensure you have a standard process to accept and manage orders. This can be done with
Learn about how Pantry.ai can help you automate the order-taking process over email if you don’t have EDI set up.
From there, make sure to agree with the customer about the following details
Choose a system that allows you to track and manage sales orders in one place. Otherwise, you could end up forgetting to invoice or missing a crucial step in the fulfilment process.
Learn about how Pantry.ai can help you stay on top of your open orders.
Compare incoming orders weekly in your S&OP Process to ensure you’re not just reacting to your business, but proactively preparing for it.
Increase your cash flow by reminding your customers a week before the payment is due. Some people get busy and others are trying to squeeze more time. This way, you let them know a timely payment is important to you.
Regularly checking in with your customers keeps your finger on the pulse of their needs and your product’s performance.
Implementing these five strategies can profoundly transform how you manage sales and orders in your CPG business. Start applying these strategies today, and watch your cashflow grow.
Curious on how you can automate order management, fulfillment and forecasting? Checkout Pantry.AI and learn how easy they make it for emerging food and beverage founders.
Retailers are raising the bar when it comes to liability coverage, and the process of securing the right insurance is becoming more complicated than ever. Not only are brands facing
Retailers are raising the bar when it comes to liability coverage, and the process of securing the right insurance is becoming more complicated than ever. Not only are brands facing
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