If you can get better credit terms, essentially you have borrowed money interest-free. Sometimes getting longer payment periods may mean changing suppliers. However, faced with this possibility, your current supplier might agree to meet your company's needs. If it's your bank loan payment that is choking your business, talk to your banker about restructuring. Keep a tight control on inventory.
Less cash tied up in inventory typically means better cash flow.
Suppliers are often willing to offer deeper discounts on volume purchases, but if that inventory sits on the shelf for a long time, it is tying up money that could be put to more productive use. Review and reduce expenses. Take a critical look at all expenses to determine if they are truly necessary. If you're not sure, hold back until you are confident that the expense will favorably impact the bottom line. Keep your eyes open for ways to decrease operational costs.