Newcakes releases over €800,000 of extra cash through reducing stock
NewCakes offers end consumers and retailers a selection of over 5000 different baking products. Following several years of rapid growth, the warehouse was becoming ever more cramped as their ecommerce and wholesale business continued to expand.
However, since implementing Slim4, stock has been reduced by 40%, freeing up over 800,000 euros of cash. “Thanks to the additional space created in the warehouse, we have been able to avoid moving to new premises and we not have more freedom to explore new markets,” explains Nijboer, CEO at NewCakes.