Abstract
The financial crisis recently forced many companies to shift their focus. Until this historical turning point, most managers simply strove for ambitious profitability targets. However, as sales figures dropped sharply and access to finance became more difficult – irrespective of the interest rate companies were prepared to pay – ensuring sufficient liquidity became the primary target of decision makers. Working capital management has thus drawn considerable attention to short-term actions to access liquidity by reducing the level of fixed capital.
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Faden, C. (2014). Driving firm performance based on an integrated operations approach consisting of manufacturing, supply chain management, working capital management and supply chain risk steering. In: Optimizing Firm Performance. Schriften zum europäischen Management. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-02746-9_3
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