Individual functions, such as sales marketing, operations and the supply chain, can contribute to the overall objective, explains Rod Newing.

This follows on from his previous article which looked at the overall need for organisations to keep costs under tight control, without damaging their ability to benefit from the eventual upturn. Although these three departments constitute the internal supply chain, they are part of the multi-company external supply chain stretching from raw materials right through to the consumer.

Read Rods full follow up article which contains useful tips for all business owners.

www.accountingweb.co.uk/article/preparing-functions-growth/517463