@Dana Riess, youβre right on point about inflationβs impact! πΈ How are small businesses handling these cost increases NOW, next 6 months??!! Letβs get the convo going!
@Muhammad Farooq, awesome tips! Digitalization and JIT systems sound great. Howβs the JIT system working for you with all these supply chain hiccups? π€π§ Supply chains are baaaaaaaad π
@Javvadi Rao, Value Chain Analysis is cool! Which activities do you find are worth focusing on for best-est-LOL margins? π§π‘
@Roberto Mendoza, good call on strategy differences! Got any stories of JIT working or not working for certain types of businesses? π€π
@Heather Bain and @Javvadi Rao, JIT vs. "Just In Case" is a big topic. When should a business switch from JIT to a safer approach? π οΈπ
@Muhammad Farooq, love the idea of combining JIT with other strategies! Which, how, where, and why, and ---> how do you know theyβre working? ππ
Letβs keep this going and figure out how to tackle inflation together! π
#SmallBusiness #Inflation #JIT #ValueChain #SupplyChain #CostManagement #FunWithFinance
My super-thought ==-->> engage #ai --->> AI can position and create short term and mid-range automatic hedges depending on your international book of business and tailoring the hedges to protect you from international counterparty inflation risk. Then, when the host transaction counterparty risk is done (transaction ended, no more receivables, conversions, payables) the hedge is automatically terminated via AI....thoughts? @Ahmad Jumah
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Ilya Ilienko, dual MBA, CPA, CMA
Board Member / Director
East Coast - United States
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