Abstract
As supply chain management should take a holistic view not only on cost, but also on assets and cash as well, in this chapter we will present and discuss our current thinking on working capital management. Working capital reflects the money invested in supply chain processes in the form of accounts receivable, inventories, and accounts payable. Based on our experience, optimizing working capital management can achieve amazing effects on the financial performance of an enterprise and its supply chains.
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Further reading
Schwientek, Roland and Deckert, Christian (2005) Working Capital Excellence Study I—Managing accounts receivables and payables. Stuttgart: Roland Berger.
Schwientek, Roland and Deckert, Christian (2006) Working Capital Excellence Study II—Managing inventories. Stuttgart: Roland Berger.
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© 2008 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Schwientek, R., Deckert, C. (2008). Working capital excellence: how companies can tap hidden cash reserves in the supply chain. In: Schwientek, R., Schmidt, A. (eds) Operations Excellence. International Management Knowledge. Palgrave Macmillan, London. https://doi.org/10.1057/9780230594241_19
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DOI: https://doi.org/10.1057/9780230594241_19
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-30405-9
Online ISBN: 978-0-230-59424-1
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