The scope of working capital management includes transactions, relations, analyses, and focus:
Transactions include payments for trade, financing, and investment.
Relations with financial institutions and trading partners must be maintained to ensure that the transactions work effectively.
Analyses of working capital management activities are required so that appropriate strategies can be formulated and implemented.
Focus requires that organizations of all sizes today must have a global viewpoint with strong emphasis on liquidity.
In this reading, we examine the different types of working capital and the management issues associated with each. We also look at methods of evaluating the effectiveness of working capital management.
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