WAYS OUT OF THE WORKING CAPITAL TRAP by Erik Hofmann, Daniel Maucher, Sabrina Piesker ( 9783642267659 )

Item Details

Title:

WAYS OUT OF THE WORKING CAPITAL TRAP
EMPOWERING SELF-FINANCING GROWTH THROUGH MODERN SUPPLY MANAGEMENT

By:

Erik Hofmann, Daniel Maucher, Sabrina Piesker

Format:

Paperback

List price:	£46.99
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ISBN 10:

3642267653

ISBN 13:

9783642267659

Publisher:

SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG

Pub. date:

28 May, 2013

Edition:

2011 ed.

Series:

Professional Supply Management 1

Pages:

104

Translated from:

German

Description:

This book shows how to escape the working capital trap by improving in-house financing potential. Covers different operating ratios, and views in-house financing from company and supply chain perspectives. Also presents the "Procurement Value Added" concept.

Synopsis:

Especially in times of an economic boom following a crisis, companies have to deal with the phenomenon of the "working capital trap," which signifies a company's increasing need for financial liquidity in times of hindered access to debt capital, caused by the increasingly restrictive credit approval processes of financial institutions. As a consequence of cost savings, this situation is often reinforced by a low level of inventory. This book takes up the problem and shows ways of escaping the "trap" by identifying and strengthening in-house financing potential. First, different operating ratios will be introduced. These refer to the amount of capital committed to the flow of goods and to the amount of in-house financing possible. Subsequently, methods for consolidating in-house financing that are affected by procurement processes will be presented from the company's and the supply chain's perspective.From a company's perspective, the methods for consolidating the amount of in-house financing over the following topics: The Management of Payment Terms, Inventory Management and Product Group and Supplier Management From the supply chain's perspective, the following methods for extending the possible amount of in-house financing will be discussed: Finance-Oriented Supply Chain Sourcing, Supply Chain-Oriented Supplier Financing, Collaborative Cash-to-Cash Management, Collaborative Cash Pooling and Netting, Supply Chain Financing Platforms. The conceptual models will be clarified using a practical example from the automobile industry. Finally, the "Procurement Value Added" (PVA(c)) approach will be presented, a concept that measures the contribution of procurement to the company's success.

Illustrations:

biography

Publication:

Germany

Imprint:

Springer-Verlag Berlin and Heidelberg GmbH & Co. K

Returns:

Returnable

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