Business Advisory

Case Studies

Business Advisory

A prominent food services company was in financial distress. Faced with an average 6% year-on-year decline in earnings, significant liquidity pressure and impending default on bank debt the company needed a turnaround solution.

The Challenge

  • A weakening brand
  • Unfavourable year-on-year operating results
  • Key positions were inadequately staffed
  • Poor merchandising
  • Weak inventory controls
  • Outdated IT platforms
  • Key equipment in poor condition
  • Below standard food operation conditions
The Solution
  • ERG immediately conducted a comprehensive operational review involving executive management, process owners and report users with focus on business stabilization and turnaround
  • With an understanding of the company’s short-term financing and cash-flow requirements, we assisted the finance team in implementing short-term cash-flow forecasting and monitoring models
  • Aligned product portfolio to target market preferences with focus on variety, price point and margin
  • Re-designed shop floor layout to support a widened range of merchandising strategies

Enterprise Resource Group (“ERG”) is a Bahamas-based boutique consulting firm specializing in end-to-end enterprise support services.

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