You are consulting for a coffin manufacturing company. The General Manager wants to improve the company's cash situation. You have two minutes to observe the shop floor and provide quick recommendations. What are your recommendations?

Question

Accepted Answer

Recommendations to improve cash situation for a coffin manufacturing company based on shop floor observations.

Reduce inventory levels by implementing a just-in-time system
Optimize production processes to reduce waste and increase efficiency
Explore new markets or product lines to increase revenue
Negotiate better terms with suppliers to reduce costs
Consider outsourcing non-core activities to reduce overhead costs