{"id":3799,"date":"2022-12-10T13:22:49","date_gmt":"2022-12-10T13:22:49","guid":{"rendered":"https:\/\/analyticaconsultants.com\/?p=3799"},"modified":"2025-05-29T04:56:06","modified_gmt":"2025-05-29T04:56:06","slug":"why-working-capital-is-important-to-your-business","status":"publish","type":"post","link":"https:\/\/analyticaconsultants.com\/bdteam\/why-working-capital-is-important-to-your-business\/","title":{"rendered":"Working Capital Management: What It Is and How It Works"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3799\" class=\"elementor elementor-3799\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4965a43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4965a43\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3be96c8\" data-id=\"3be96c8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e97ca8a elementor-widget elementor-widget-spacer\" data-id=\"e97ca8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3df9409 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3df9409\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b68707\" data-id=\"4b68707\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f1cb043 elementor-widget elementor-widget-text-editor\" data-id=\"f1cb043\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Working Capital Management<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b95426 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b95426\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0a0374e\" data-id=\"0a0374e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e38e52d elementor-widget elementor-widget-image\" data-id=\"e38e52d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/operational-efficiency-and-working-capital.jpg\" class=\"attachment-large size-large wp-image-16792\" alt=\"Financial expert analyzing working capital performance and optimization strategies\" srcset=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/operational-efficiency-and-working-capital.jpg 1000w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/operational-efficiency-and-working-capital-300x200.jpg 300w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/operational-efficiency-and-working-capital-768x512.jpg 768w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/elementor\/thumbs\/operational-efficiency-and-working-capital-r4emxdv3n5ynx2cx8z43oz4kvp3o1691qom6m1mweg.jpg 270w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e886edb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e886edb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-939c848\" data-id=\"939c848\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64e0d19 elementor-widget elementor-widget-text-editor\" data-id=\"64e0d19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Outline<\/strong><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange\">What is Working Capital Management?<\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"#orange\">Importance of working capital<\/a><\/b><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange1\">How to operate Working <span style=\"color: #0000ff;\">Capital?<\/span><\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange2\">Working Capital Management services include<\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange3\">Working Capital management ratios<\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange4\">Working Capital and the balance sheet<\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange5\">Elements of Working Capital<\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange6\">Objectives of Working Capital<\/a><\/strong><\/span><\/p><p><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"#orange7\">Working Capital Management solutions\u00a0<\/a><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9c8ad74\" data-id=\"9c8ad74\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68c072f elementor-widget elementor-widget-text-editor\" data-id=\"68c072f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Working Capital Management is a business strategy planned to ensure the best utilization of a business&#8217;s current assets and liabilities for the company&#8217;s effective operation and to maintain sufficient cash flow to meet future short-term goals. Working capital management refers to the set of activities that make sure the company has sufficient resources for day-to-day operations. The <a href=\"https:\/\/analyticaconsultants.com\/bdteam\/services\/#CFO\"><span style=\"color: #0000ff;\">Chief Financial Officer (CFO)<\/span><\/a> administrates this process with the organization&#8217;s finance department.<\/p><h2><span style=\"text-decoration: underline;\"><b><b id=\"orange1\">Importance of working capital<\/b><\/b><\/span><\/h2><p><span style=\"font-weight: 400;\">If a company has sufficient working capital, it continues to pay its employees and suppliers. Successful management of working capital is essential, otherwise, even profitable businesses tend to collapse due to the inability to meet short-term goals. It improves company cash flow management. Management of working capital includes both accounts receivables and account payables. Improving working capital boosts the operational efficiency of the business.\u00a0<\/span><\/p><h2><span style=\"text-decoration: underline;\"><b><b id=\"orange2\">How to operate working capital<\/b><\/b><\/span><\/h2><p><span style=\"font-weight: 400;\">The formula for working capital is;<\/span><\/p><p style=\"text-align: center;\"><b>Working capital = Current assets &#8211; Current liabilities<\/b><\/p><p><span style=\"font-weight: 400;\">Current assets are all those assets of the company which can be converted into cash and are quite liquid including accounts receivables and current liabilities are the bills that are due within one year. <\/span><span style=\"font-weight: 400;\">The goal of working capital management is<\/span><span style=\"font-weight: 400;\"> to ensure that the company has sufficient cash on hand to pay.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-89d9878 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"89d9878\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f6b46b\" data-id=\"1f6b46b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ef90f4 elementor-widget elementor-widget-text-editor\" data-id=\"0ef90f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><strong>Components of Working Capital<\/strong><\/span><\/h2><p>A well-run firm manages its short-term debt and current and future operational expenses through its management of working capital, the components of which are<strong>;\u00a0inventories, accounts receivable, accounts payable, and cash.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b12bd54 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b12bd54\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-723aa37\" data-id=\"723aa37\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-69615ea elementor-widget elementor-widget-text-editor\" data-id=\"69615ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/analyticaconsultants.com\/bdteam\/services\/#tabs_desc_2460_9\"><b>Working Capital Management Services<\/b><\/a><\/span><b> <b id=\"orange3\">include;<\/b><\/b><\/span><\/h2><ul><li><span style=\"font-weight: 400;\">Diagnostic review\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Benchmark analysis<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Program design<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implementation<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitoring\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e9791ff\" data-id=\"e9791ff\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14fa477 elementor-widget elementor-widget-image\" data-id=\"14fa477\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Colorful-Minimalist-Linear-Steps-Circular-Diagram-1.png\" class=\"attachment-large size-large wp-image-3993\" alt=\"\" srcset=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Colorful-Minimalist-Linear-Steps-Circular-Diagram-1.png 1024w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Colorful-Minimalist-Linear-Steps-Circular-Diagram-1-300x225.png 300w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Colorful-Minimalist-Linear-Steps-Circular-Diagram-1-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d016437 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d016437\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fbb2986\" data-id=\"fbb2986\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84b1954 elementor-widget elementor-widget-text-editor\" data-id=\"84b1954\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><b><b id=\"orange4\">Working Capital Ratios<\/b><\/b><\/span><\/h2><p><span style=\"font-weight: 400;\">Several ratios are available that aid managers in supervising working capital which include day sale outstanding, current ratio, and inventory turnover ratio. All these terms are given below;\u00a0<\/span><\/p><ul><li aria-level=\"1\"><h3><b>Days sales outstanding<\/b><\/h3><\/li><\/ul><p><span style=\"font-weight: 400;\">Days sales outstanding arbitrate the efficiency with which a business collects its account receivables. Days sales outstanding are calculated by dividing account receivables by the annual revenue figure and then multiplying the result by the number of days in the year.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><b>DSO = (Accounts receivable \u00f7 Annual revenue) \u00d7 Number of days in the year<\/b><\/p><ul><li aria-level=\"1\"><h3><b>Current ratio<\/b><\/h3><\/li><\/ul><p><span style=\"font-weight: 400;\">One of the important working capital measurements is the current ratio, which compares current assets to current liabilities. If the current assets figure is higher than the current liabilities, then a business should be able to settle its short-term obligations but a problem with a current ratio is that the inventory component can be difficult to liquidate.\u00a0<\/span><\/p><ul><li aria-level=\"1\"><h3><b>Inventory turnover ratio<\/b><\/h3><\/li><\/ul><p><span style=\"font-weight: 400;\">The inventory turnover ratio is also an important factor. Inventory turns should be high which ensures that the company can sell off its inventory within a short period.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Inventory turnover is calculated by dividing the cost of goods sold for the year by the ending inventory.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <strong>\u00a0Inventory turnover = Annual cost of goods sold \u00f7 Average inventory<\/strong><\/span><\/p><p><span style=\"font-weight: 400;\">A high inventory turnover ratio indicates that the business does not have sufficient cash to pay for the inventory needed to run its operations. When this is the case, the firm will probably not be able to maximize its sales.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0271194 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0271194\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1fb3b77\" data-id=\"1fb3b77\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a37c8da elementor-widget elementor-widget-text-editor\" data-id=\"a37c8da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><b><b id=\"orange5\">Working Capital and the Balance Sheet<\/b><\/b><\/span><\/h2><p><span style=\"font-weight: 400;\">We evaluate working capital from current assets and current liabilities which are reported on the company balance sheet. The balance sheet is a primary financial statement that a business produce and reports its asset, liabilities, and shareholder equity.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3d0e4a4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3d0e4a4\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebbf867\" data-id=\"ebbf867\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d3bf18 elementor-widget elementor-widget-text-editor\" data-id=\"8d3bf18\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><b><b id=\"orange6\">Elements included in working capital are;<\/b><\/b><\/span><\/h2><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Treasury bills<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Short-term investment<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Account receivables<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inventory<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepaid expenses<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advance payments<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Other receivables such as income tax funds<\/span><\/li><\/ul><h2><span style=\"text-decoration: underline;\"><b><b id=\"orange7\">Objectives of working capital\u00a0<\/b><\/b><\/span><\/h2><p><span style=\"font-weight: 400;\">Working capital is an important criterion for business because it ensures that the company has sufficient amount to make payments. Effective management of working capital is not easy and there are multiple objectives for managing working capital which are given as follows;<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><h3><b>Optimization of capital performance:\u00a0<\/b><\/h3><\/li><\/ul><p><span style=\"font-weight: 400;\">An important objective of working capital is to optimize the effectiveness of capital usage which is;<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimizing capital cost<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maximizing capital return<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Minimizing capital resources is achieved by reclaiming capital that reduces the need for borrowing. Later involves ensuring the return on investment of spare capital outweighs.<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><h3><b>Growing business:<\/b><\/h3><\/li><\/ul><p><span style=\"font-weight: 400;\">Using short-term assets effectively is important. The business may not be as profitable as it could be if your company assets are tied up in account payables.<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><h3><b>Meeting obligations:<\/b><\/h3><\/li><\/ul><p><span style=\"font-weight: 400;\">The primary goal of working capital is to ensure that the company always has enough liquid assets to meet short-term obligations. Unexpected costs also need to be factored into the approach because these are also considered obligations.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4177c6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4177c6b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ca47000\" data-id=\"ca47000\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d3d97f5 elementor-widget elementor-widget-text-editor\" data-id=\"d3d97f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><b><b id=\"orange8\">Ways to increase working capital management<\/b><\/b><\/span><\/h2><p><span style=\"font-weight: 400;\">Tactics to increase <\/span><span style=\"font-weight: 400;\">effective working capital management<\/span><span style=\"font-weight: 400;\"> include;<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taking on long-term debt<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Selling illiquid assets<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyzing and reducing expenses<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimize inventory management<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automate account receivables and payment monitoring<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-88cd417\" data-id=\"88cd417\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86d31db elementor-widget elementor-widget-image\" data-id=\"86d31db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"471\" height=\"341\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Screenshot-33-1.png\" class=\"attachment-large size-large wp-image-3942\" alt=\"\" srcset=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Screenshot-33-1.png 471w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2022\/12\/Screenshot-33-1-300x217.png 300w\" sizes=\"(max-width: 471px) 100vw, 471px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b5f9177 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b5f9177\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-712e6cf\" data-id=\"712e6cf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffb4c1e elementor-widget elementor-widget-text-editor\" data-id=\"ffb4c1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"text-decoration: underline;\"><b><b id=\"orange9\">Working Capital Management Solutions<\/b><\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Following are solutions to working capital management that many companies adopt under <\/span><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/role-of-virtual-cfo-in-an-sme\/\"><span style=\"font-weight: 400;\"><span style=\"color: #0000ff;\">CFO<\/span><\/span><\/a><span style=\"font-weight: 400;\"> guidance.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Flexible funding&nbsp; &nbsp; <\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Working capital providers offer flexible funding allowing buyers to move flawlessly between supply chain finance and dynamic discounting models which means that companies can adopt their varying working capital needs.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><b>Dynamic discounting<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Dynamic discounting is another solution that buyers use to provide early payment to suppliers but without third-party funders. This enables suppliers to reduce their DSO and allows buyers to achieve a risk-free return on excess cash.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><b>Supply chain finance<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Supply chain finance is also known as reverse factoring. It is a way of offering suppliers early payment via one or more third-party funders. Suppliers can improve days sales outstanding(DSO) when paid sooner. Also, buyers preserve their working capital by paying with agreed terms.&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><b>Cash flow forecasting<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Companies can plan for upcoming cash gaps by forecasting future cash flows such as account payables and account receivables. It ensures better use of surpluses. The more precisely you predict your cash flow, the more well-informed working capital management decisions will be.&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><b>Inventory management<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Smart execution of inventory management solutions helps to improve balance sheet position or working capital position. It is achieved by reducing long lead times, assuring access to safety stock, and making this process more transparent.&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><b>Electronic invoicing<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Working Capital Management benefits from electronic invoicing. By simplifying the invoicing process, you can reduce the risk of errors and automate manual processes. Make sure all our customers receive the invoice as early as possible which eventually means you get payments on time. These methods allow companies to turn purchase orders into invoices automatically.&nbsp;&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-09f242d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"09f242d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-24bc3a4\" data-id=\"24bc3a4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce1d2b9 elementor-widget elementor-widget-text-editor\" data-id=\"ce1d2b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You May Also Like<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0637d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0637d9\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-9c3e80e\" data-id=\"9c3e80e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8374596 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"8374596\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/treasury-management\/\" target=\"_blank\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/elementor\/thumbs\/cash-management-and-forecasting-r4emx3ivjzkidcrxxcn7fjqicgimoi4019fuc028aw.jpg\" title=\"cash-management-and-forecasting\" alt=\"Treasury manager analyzing cash flow and liquidity forecasts for business growth\" class=\"elementor-animation-shrink\" loading=\"lazy\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/treasury-management\/\" target=\"_blank\">Treasury Management<\/a><\/h3><p class=\"elementor-image-box-description\">Treasury management is the process of managing a company\u2019s daily cash flows and larger-scale decisions made when it comes to finances. 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Treasury management...<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e522da1 premium-lq__none elementor-widget elementor-widget-premium-addon-button\" data-id=\"e522da1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"premium-addon-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t<a class=\"premium-button premium-button-none premium-btn-md premium-button-none\" href=\"https:\/\/analyticaconsultants.com\/bdteam\/treasury-management\/\" target=\"_blank\">\n\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<span >\n\t\t\t\t\t\tLearn More\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-83f22b4\" data-id=\"83f22b4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-008b2e8 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"008b2e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/managing-business-through-finance\/\" target=\"_blank\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/elementor\/thumbs\/business-financial-planning-advice-r4emx0pczhgneiw1dtfbq2g4kawj1est0vhdw66etk.jpg\" title=\"business-financial-planning-advice\" alt=\"Business owner applying finance tips to optimize cash flow and budgeting\" class=\"elementor-animation-shrink\" loading=\"lazy\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/managing-business-through-finance\/\" target=\"_blank\">Tips For Managing Business Through Finance<\/a><\/h3><p class=\"elementor-image-box-description\">Managing a business through finance is one of the most crucial aspects of any organization. It is important to make sure that the financial resources are utilized in the best possible way to ensure the success and growth of the business. The management...<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2940902 premium-lq__none elementor-widget elementor-widget-premium-addon-button\" data-id=\"2940902\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"premium-addon-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t<a class=\"premium-button premium-button-none premium-btn-md premium-button-none\" href=\"https:\/\/analyticaconsultants.com\/bdteam\/managing-business-through-finance\/\" target=\"_blank\">\n\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<span >\n\t\t\t\t\t\tLearn More\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ded1298 elementor-widget elementor-widget-spacer\" data-id=\"ded1298\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-fe55c8d\" data-id=\"fe55c8d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eea2368 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"eea2368\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/standard-operating-procedure\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/elementor\/thumbs\/business-standard-operating-procedure-r4emx2l1d5j81qtb2u8kv1z1r2n9gt09p4scuq3mh4.jpg\" title=\"business-standard-operating-procedure\" alt=\"SOP implementation plan for improving workplace efficiency and process consistency\" class=\"elementor-animation-shrink\" loading=\"lazy\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/standard-operating-procedure\/\">Standard Operating Procedures (SOPs)<\/a><\/h3><p class=\"elementor-image-box-description\">A Standard Operating Procedure (SOP) is a set of written instructions that describes activities necessary to complete the task under industry regulations. A Standard Operating Procedure is a document containing step-by-step instructions. SOP means simply a step-by-step...<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8201f0 premium-lq__none elementor-widget elementor-widget-premium-addon-button\" data-id=\"e8201f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"premium-addon-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t<a class=\"premium-button premium-button-none premium-btn-md premium-button-none\" href=\"https:\/\/analyticaconsultants.com\/bdteam\/standard-operating-procedure\/\">\n\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<span >\n\t\t\t\t\t\tLearn More\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-ab19ee8\" data-id=\"ab19ee8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9906858 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"9906858\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/business-process-re-engineering\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"317\" src=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/process-improvement-and-transformation.jpg\" class=\"elementor-animation-shrink attachment-full size-full wp-image-16794\" alt=\"Expert working on optimizing and reengineering business processes for greater performance\" srcset=\"https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/process-improvement-and-transformation.jpg 1000w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/process-improvement-and-transformation-300x95.jpg 300w, https:\/\/analyticaconsultants.com\/bdteam\/wp-content\/uploads\/2023\/05\/process-improvement-and-transformation-768x243.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/analyticaconsultants.com\/bdteam\/business-process-re-engineering\/\">Business Process Re-engineering<\/a><\/h3><p class=\"elementor-image-box-description\">BPR stands for Business Process Re-engineering. Business process reengineering is a management strategy and a systematic approach to improve product quality and reduce organizational cost, service and speed. \n\nIt is an act of recreating a core business process and was pioneered...<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9713f8 premium-lq__none elementor-widget elementor-widget-premium-addon-button\" data-id=\"d9713f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"premium-addon-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t<a class=\"premium-button premium-button-none premium-btn-md premium-button-none\" href=\"https:\/\/analyticaconsultants.com\/bdteam\/business-process-re-engineering\/\">\n\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<span >\n\t\t\t\t\t\tLearn More\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Working capital management is a business strategy planned to ensure the best utilization of a business\u2019s current assets and liabilities for the company\u2019s effective operation and to maintain sufficient cash flow to meet future short-term goals. Working capital management refers to the set of activities that make sure the company got sufficient resources for day-to-day operations.  If a company has sufficient&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16792,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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