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Business & Management - Production & Logistics | Ways Out of the Working Capital Trap - Empowering Self-Financing Growth Through Modern Supply

Ways Out of the Working Capital Trap

Empowering Self-Financing Growth Through Modern Supply Management

Hofmann, E., Maucher, D., Piesker, S., Richter, P.

2011, X, 94 p.

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  • Defines and examines the "working capital trap"
  • Shows ways of identifying and strengthening in-house financing potential
  • Approaches the topic from both company and supply chain perspectives
  • Introduces the concept of "Procurement Value Added"

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

•             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©) approach will be presented, a concept that measures the contribution of procurement to the company's success.

Content Level » Professional/practitioner

Keywords » in-house financing potential - procurement - purchasing - vendor financing - working capital

Related subjects » Organization - Human Resource Management - Production & Logistics

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