Is your capital investment planning PROACTIVE or REACTIVE?
Our experience has been that the majority of SME businesses undertake their capital investment (capex) planning on a reactive, needs based basis. The need to meet growing capacity demands, the need to replace ageing equipment, or the need for additional facilities may be pressing demands and require near-term responses. Alternatively, the need for better systems or the goal of reducing costs through automation or other means may seem more optional but are likely to improve business performance. Many SME businesses don’t commence the review and planning processes until the investment is planned to be undertaken in the [...]