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Strategies And Tips For Getting Paid On Time (And In Full): By Greg Van Wyk

As a business person, one of the most crucial aspects of managing a business is ensuring that you get paid on time, and in full, for the products or services you offer. Late or unpaid invoices can lead to cash flow problems, which could potentially harm the growth and success of your business. Here are some practical strategies and tips by Greg Van Wyk to help you get paid more efficiently, improve your cash flow, and ultimately achieve your business goals. Greg Van Wyk Lists Strategies And Tips For Getting Paid On Time (And In Full) 1. Be Clear About Payment Terms The first step to getting paid on time is to establish clear payment terms with your clients, says Greg Van Wyk. Make sure that your terms and conditions, including payment due dates and penalties for late payments, are spelled out in writing, ideally within the contract or a separate document, before any work is begun or goods are… Read More »Strategies And Tips For Getting Paid On Time (And In Full): By Greg Van Wyk

Risk Management

Risk Management For Supply Chain By Greg Van Wyk

As businesses become more and more reliant on global suppliers, the chain of custody processes (COCs) become increasingly important in risk management. It is crucial that companies understand their supply chain to ensure both safety and legal compliance when working with vendors from outside their immediate jurisdiction. Risk management for the supply chain involves proactive strategies to identify potential problems—such as disruptions in logistics services, cost rise associated with changing market conditions, recalls, or contamination—and create solutions so these issues can be quickly resolved and minimized before they result in costly mistakes or regulatory fines. In this blog post, Greg Van Wyk discusses what risk management entails for a modern organization’s ever-evolving supply chain network. Greg Van Wyk On Risk Management For Supply Chain Risk management for the supply chain is a critical element for businesses of all sizes, says Greg Van Wyk. Risk within the supply chain can take many forms and can arise from internal or external forces.… Read More »Risk Management For Supply Chain By Greg Van Wyk