Need cash? Look inside your company
Author: Kaiser, Kevin M. J. ; Young, S. DavidINSEAD Area: FinanceIn: Harvard Business Review, vol. 87, no. 5, May 2009 Language: EnglishDescription: p. 64-71.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: The boom years made business careless with working capital. The system was awash with so much cash that there seemed little point in worrying about how to wring more of it out, especially if that might hurt reported profits and sales growth. Today, capital and credit have all but disappeared, customers are tightening belts, and suppliers aren't putting up with late payments. It's time, therefore, to take a long, hard look at the way working capital is managed - particularly how it is tied up in receivables and inventory. In this article, the authors explore six common mistakes that companies make in this area and show how correcting these mistakes will release a lot of hidden cash| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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The boom years made business careless with working capital. The system was awash with so much cash that there seemed little point in worrying about how to wring more of it out, especially if that might hurt reported profits and sales growth. Today, capital and credit have all but disappeared, customers are tightening belts, and suppliers aren't putting up with late payments. It's time, therefore, to take a long, hard look at the way working capital is managed - particularly how it is tied up in receivables and inventory. In this article, the authors explore six common mistakes that companies make in this area and show how correcting these mistakes will release a lot of hidden cash
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