{"product_id":"working-capital-management-9781118933831","title":"Working Capital Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eStay liquid, think global, and better manage resources with this authoritative guide\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eWorking Capital Management\u003c\/i\u003e is a comprehensive primer on keeping your business financially competitive in the face of limited access to short-term funds. With detailed insight applicable to each phase in the business cycle, this authoritative guide helps managers revamp current practices for more efficient use of assets and liabilities, including more stringent monitoring and planning of collections, disbursements, and balances. Readers will learn how to minimize investments in idle resources, and how to maximize the use of forecast data to better identify risk and the optimal use of available funds. Case studies illustrate the practical applications of the ideas presented, with particular attention given to cash budgeting, forecasting, banking relationships and other common scenarios with specific requirements.\u003c\/p\u003e \u003cp\u003eManaging a company's short-term resources is both an art and \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Concepts in Working Capital Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWorking Capital Concepts 2\u003c\/p\u003e \u003cp\u003eImproving Working Capital Management 5\u003c\/p\u003e \u003cp\u003eThe Significance of Working Capital 8\u003c\/p\u003e \u003cp\u003eCost as the Working Capital Issue 9\u003c\/p\u003e \u003cp\u003eApplying These Ideas to a Real Business: Best Buy 12\u003c\/p\u003e \u003cp\u003eSummary 15\u003c\/p\u003e \u003cp\u003eNotes 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Working Capital Ratios and Other Metrics 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRatio Analysis 18\u003c\/p\u003e \u003cp\u003eOther Ratios and Their Application 22\u003c\/p\u003e \u003cp\u003eOther Metrics 23\u003c\/p\u003e \u003cp\u003eBenchmarking 27\u003c\/p\u003e \u003cp\u003eGeneral Problems in the Use of Ratios and Metrics 29\u003c\/p\u003e \u003cp\u003eSummary 32\u003c\/p\u003e \u003cp\u003eNotes 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Cash—Management and Fraud Prevention 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForms of Cash 36\u003c\/p\u003e \u003cp\u003ePaper Transactions: Lockboxing 38\u003c\/p\u003e \u003cp\u003ePaper Transactions: Depository Accounts 40\u003c\/p\u003e \u003cp\u003ePaper Transactions: Controlled Disbursement 41\u003c\/p\u003e \u003cp\u003eElectronic Transactions 43\u003c\/p\u003e \u003cp\u003eFloat and Cost Issues 46\u003c\/p\u003e \u003cp\u003eSummary 49\u003c\/p\u003e \u003cp\u003eNotes 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Cash—Credit and Short‐Term Financial Instruments 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeveloping a Short‐Term Forecast 52\u003c\/p\u003e \u003cp\u003eCash Budgeting 53\u003c\/p\u003e \u003cp\u003eCredit Financing 55\u003c\/p\u003e \u003cp\u003eShort‐Term Investments 58\u003c\/p\u003e \u003cp\u003eSummary 63\u003c\/p\u003e \u003cp\u003eNotes 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Managing Bank Relationships 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Changing Financial Landscape 66\u003c\/p\u003e \u003cp\u003eBank Relationship Management 66\u003c\/p\u003e \u003cp\u003eCash Mobilization in a Multibank Network 68\u003c\/p\u003e \u003cp\u003eGeneral Terms of Credit Facilities 71\u003c\/p\u003e \u003cp\u003eSpecific Terms in Credit Facilities 72\u003c\/p\u003e \u003cp\u003eOngoing Bank Relationship Concerns 75\u003c\/p\u003e \u003cp\u003eSummary 77\u003c\/p\u003e \u003cp\u003eNotes 78\u003c\/p\u003e \u003cp\u003eAppendix to Chapter 5: Selecting Noncredit\u003c\/p\u003e \u003cp\u003eBanking Services 81\u003c\/p\u003e \u003cp\u003eThe Request for Proposal 82\u003c\/p\u003e \u003cp\u003eRFP Evaluation 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Accounts Receivable and Working Capital Issues 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElements of Receivables Management 90\u003c\/p\u003e \u003cp\u003eFloat Opportunities in Managing Receivables 91\u003c\/p\u003e \u003cp\u003eReceivables Cycle Monitoring: Ratios 93\u003c\/p\u003e \u003cp\u003eReceivables Cycle Monitoring: The Aging Schedule 94\u003c\/p\u003e \u003cp\u003eSales Financing 96\u003c\/p\u003e \u003cp\u003eCredit Reporting 97\u003c\/p\u003e \u003cp\u003eTerms of Sale 99\u003c\/p\u003e \u003cp\u003eInvoice Generation 100\u003c\/p\u003e \u003cp\u003eAsset‐Based Financing 102\u003c\/p\u003e \u003cp\u003eDebt Collection Agencies 103\u003c\/p\u003e \u003cp\u003eSummary 104\u003c\/p\u003e \u003cp\u003eNotes 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Inventory and Working Capital Issues 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElements of Inventory Management 108\u003c\/p\u003e \u003cp\u003eInventory Cycle Monitoring: Ratios 109\u003c\/p\u003e \u003cp\u003eInventory Cycle Monitoring: Metrics 110\u003c\/p\u003e \u003cp\u003eThe Purchasing Function 112\u003c\/p\u003e \u003cp\u003eAnalyzing Purchasing Activities 114\u003c\/p\u003e \u003cp\u003eEOQ and JIT 116\u003c\/p\u003e \u003cp\u003eWork‐in‐Process 118\u003c\/p\u003e \u003cp\u003eABF: Inventory Financing 120\u003c\/p\u003e \u003cp\u003eSummary 123\u003c\/p\u003e \u003cp\u003eNotes 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Payables and Working Capital Issues 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElements of Payables Management 126\u003c\/p\u003e \u003cp\u003ePayables Cycle Monitoring: Ratios 127\u003c\/p\u003e \u003cp\u003eThe Accounts Payable Function 128\u003c\/p\u003e \u003cp\u003ePayables Using Internal Processes 131\u003c\/p\u003e \u003cp\u003ePayables Outsourcing 133\u003c\/p\u003e \u003cp\u003eCheck Payments in a Comprehensive Payables Environment 135\u003c\/p\u003e \u003cp\u003ePayroll Disbursements 136\u003c\/p\u003e \u003cp\u003eSummary 138\u003c\/p\u003e \u003cp\u003eNotes 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: International Working Capital 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapitalism Goes Global 142\u003c\/p\u003e \u003cp\u003eThe Financing of International Transactions 144\u003c\/p\u003e \u003cp\u003eThe Foreign Exchange Markets 145\u003c\/p\u003e \u003cp\u003eCountry Risk Analysis 151\u003c\/p\u003e \u003cp\u003eOther Significant Issues in International Working Capital 152\u003c\/p\u003e \u003cp\u003eCultural and Corporate Practices Affecting Working Capital 154\u003c\/p\u003e \u003cp\u003eSummary 156\u003c\/p\u003e \u003cp\u003eNotes 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Information and Working Capital 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInformation Technology 160\u003c\/p\u003e \u003cp\u003eBank Information Technology 161\u003c\/p\u003e \u003cp\u003eInternet Bank Technology 165\u003c\/p\u003e \u003cp\u003eERP: An Alternative Approach 169\u003c\/p\u003e \u003cp\u003eChoosing Working Capital\u003c\/p\u003e \u003cp\u003eInformation Systems 171\u003c\/p\u003e \u003cp\u003eSummary 175\u003c\/p\u003e \u003cp\u003eNotes 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Managing the Working Capital Cycle 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk and Working Capital 178\u003c\/p\u003e \u003cp\u003eTraditional Risk Management 179\u003c\/p\u003e \u003cp\u003eEnterprise Risk Management 179\u003c\/p\u003e \u003cp\u003eThe ERM Process 180\u003c\/p\u003e \u003cp\u003eEfficiency and Working Capital 181\u003c\/p\u003e \u003cp\u003eWorking Capital and Liquidity 183\u003c\/p\u003e \u003cp\u003eSuggested Actions 185\u003c\/p\u003e \u003cp\u003eDevelopments in Working Capital Management 189\u003c\/p\u003e \u003cp\u003eThe Gizmo Deal: How Delays Turn Profits into Losses 190\u003c\/p\u003e \u003cp\u003eSummary 192\u003c\/p\u003e \u003cp\u003eNotes 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Introduction to Working Capital Cases 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSequence of the Cases 195\u003c\/p\u003e \u003cp\u003eThe Concept of the Working Capital Case 196\u003c\/p\u003e \u003cp\u003eCase: Widget Manufacturing 198\u003c\/p\u003e \u003cp\u003eSuggested Solutions 207\u003c\/p\u003e \u003cp\u003eNote 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCASES ON WORKING CAPITAL MANAGEMENT 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCase 1: Dinner Bell Hotel 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Flow Issues 217\u003c\/p\u003e \u003cp\u003eAlternative Actions 219\u003c\/p\u003e \u003cp\u003eThe “Raw” Data 220\u003c\/p\u003e \u003cp\u003eQuestions 220\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCase 2: Koala Fun 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Partners’ First Success 223\u003c\/p\u003e \u003cp\u003eFinancial Concerns 224\u003c\/p\u003e \u003cp\u003eBorrowing Issues 225\u003c\/p\u003e \u003cp\u003eWorking Capital 225\u003c\/p\u003e \u003cp\u003eFinal Thoughts 226\u003c\/p\u003e \u003cp\u003eQuestions 226\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCase 3: Miller Building Supplies 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJoseph Miller Starts MBS 230\u003c\/p\u003e \u003cp\u003eVariations in Working Capital Requirements 230\u003c\/p\u003e \u003cp\u003eA Banker’s Assistance 231\u003c\/p\u003e \u003cp\u003eQuestions 231\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCase 4: Office Smart 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Business of Office Smart 236\u003c\/p\u003e \u003cp\u003eFinancial Issues 237\u003c\/p\u003e \u003cp\u003eQuestions 238\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCase 5: Quacker Cracker 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Attitude toward Debt 242\u003c\/p\u003e \u003cp\u003eFinancial Planning 242\u003c\/p\u003e \u003cp\u003eQuestions 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCase 6: Young Brands 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChanges in YB’s Global Marketing Strategy 246\u003c\/p\u003e \u003cp\u003eForecasting Considerations 247\u003c\/p\u003e \u003cp\u003eWorking Capital Issues 247\u003c\/p\u003e \u003cp\u003eFinancial Issues 248\u003c\/p\u003e \u003cp\u003eQuestions 248\u003c\/p\u003e \u003cp\u003eAppendix I: Basic Financial Concepts 251\u003c\/p\u003e \u003cp\u003eAppendix II: Websites of Working Capital Organizations 257\u003c\/p\u003e \u003cp\u003eGlossary 261\u003c\/p\u003e \u003cp\u003eAbout the Author 279\u003c\/p\u003e \u003cp\u003eIndex 281\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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