Working Capital Management
Working capital is the life-blood of any successful business. In thesimple terms, it can be the actual cash that a company uses to operateand/or produce the products the company sells or provides for intendedprofit or payment. Working capital management is the process of managingan individual companies working capital resources to, hopefully, the The individual charged with managing the working capital of a businessmust take several items into consideration. The main aspects of theprocess include inventory, accounts receivable, and accounts payable. Infact, these components of working capital are so important that analystslook to the combined health of all of these areas of operation as anindicator of an individual company's level of efficiency
Retrievedfrom Web site on February 10, 2004:http://www. [ii] By doing thissuccessfully, the business can continue pay any short-term debt and anycurrent or pending expenses. Successful management of a business's inventoryinvolves the (sometimes complex) process of ordering materials only whenthey are needed. For this reason, it must not beoverlooked or taken lightly. One interesting aspect of capital management is the need forcompanies to possess cash. Working capital management is one of the most critical facets of anybusiness. This can be an integral part ofworking capital management simply because of the very essential functionsthat only liquid funds can supply. Retrieved from Web site on February 10, 2004:http://www.
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