Manufacturing and Wholesale Distribution
Given rising transportation costs, a weaker dollar and increases in foreign wages, most observers are expecting the recent resurgence in American manufacturing to continue for the foreseeable future. This change in fortunes will test the ability of American manufacturers to craft a compelling vision and execute against it. Distributors can take part in these possibilities as well, but only if they continue to find ways to add value to prevent being bypassed in the pathway from manufacturer to consumer.
In this environment, manufacturers and distributors must rely on objective, proven guidance they can use to anticipate challenges and maximize profit. The need for insight is heightened by the uncertainty that comes from a range of proposed changes to the tax code that would directly affect manufacturers and distributors.
CohnReznick has an extensive track record providing tax, audit and business consulting services tailored to a range of manufacturing and distribution sectors, including chemical and process manufacturers, pharmaceutical and medical device manufacturers, food and beverage distributors, transport and logistics companies and general manufacturing companies. Our services include:
- Budgeting and cash flow projections: Drawing on our industry knowledge, we can create accurate budgets and cash flow models, and then help develop the corresponding financial strategies.
- Cost segregation studies: We can identify opportunities to shorten the cost-recovery period through accelerated depreciation.
- Inventory control: We help evaluate current inventory control methods, locate points of possible shrinkage and recommend appropriate solutions.
- Supply chain management: We can analyze transportation and logistics costs, supplier contracts and other factors, and then help optimize the supply chain to lower costs while increasing reliability.