Are higher borrowing costs and an uncertain economy threatening your growth plans?
If you’re a manufacturer who wants to increase EBITDA, you’ll want to look for ways to cut expenses and preserve cash.
For businesses already experiencing a decline in EBITDA margins, there is a greater sense of urgency to understand what’s behind the rise in operating expenses. Increasing EBITDA (earnings before interest, taxes, depreciation, and amortization) calls for a top-down assessment of your business to understand what’s driving operating expenses higher and addressing challenges related to operations, supply chain and staffing.
Read this article to learn how to tackle margin pressures by taking a holistic view of your operations and examining critical areas to bring in process improvements, introduce automation and address any weaknesses in your supply chain.
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