7.3 - Mindset 3
Question 1- rate the urgencies.
Schedule possible tariffs and rates. 7.2 has produced the best offset result it could through passthroughs, substitutions and tariff sharing. Are there now scenarios which create losses? Cash shortfalls? If yes, implement:
For income, make a breakeven analysis and list of moves to offset as much as possible with forecast for periods ahead.
For cash, make a cash reserve assessment and list of moves to offset as much as possible with forecast for periods ahead. Include relevant income items from income task.
Cash task picks up in 7.4.
Question 2 - the income task
With tariff-related moves exhausted, the task of managing profit and/or avoiding losses is now up to the non-tariff world of profit improvement tactics.
In that regard, BirdTraffic’s Conventional Wisdom Code outlines what are generally considered to be the options.
Using the Conventional Wisdom Income Changes