{"product_id":"essentials-of-working-capital-management-isbn-9780470879986","title":"Essentials of Working Capital Management","description":"\u003cb\u003eA comprehensive primer for executives and managers on working capital management\u003c\/b\u003e  \u003cp\u003eWith limited access to credit and short term funding, it is increasingly important that companies focus on working capital management to free up funds and optimize liqidity. Written in the easy-to-follow Essentials Series style, \u003ci\u003eEssentials of Working Capital Management\u003c\/i\u003e covers the main components of working capital.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers the latest trends around working capital\u003c\/li\u003e \u003cli\u003eDiscusses a range of working capital topics, including cash management, banking relations, accounts receivable, inventory, accounts payable, and foreign exchange\u003c\/li\u003e \u003cli\u003eAnalyzes the efficient utilization of current assets and liabilities of a business through each phase of the operating cycle\u003c\/li\u003e \u003cli\u003eExamines the planning, monitoring, and management of the company's collections, disbursements and concentration banking\u003c\/li\u003e \u003cli\u003eExplores the gathering and management of information and forecast data to effectively use funds and identify risk\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFocused on how businesses can continue to be successful in these difficult times, specifically in relation to the limited credit available to businesses, this book puts practical guidance at your fingertips so you can put them to work right away. A comprehensive case introduces each major section of the book, and suggested solutions are included in a book appendix.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Concepts in Working Capital Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWorking Capital Concepts 1\u003c\/p\u003e \u003cp\u003eRatio Analysis 7\u003c\/p\u003e \u003cp\u003eWorking Capital Ratios 7\u003c\/p\u003e \u003cp\u003eSignificance of Working Capital 12\u003c\/p\u003e \u003cp\u003eApplying These Ideas to a Real Business 15\u003c\/p\u003e \u003cp\u003eSummary 18\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Cash—Transactions, Banking and Credit, and Financial Instruments 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComprehensive Case: Widget Manufacturing Case I 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Cash: Management and Fraud Prevention 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForms of Cash 26\u003c\/p\u003e \u003cp\u003eLockboxing 30\u003c\/p\u003e \u003cp\u003eControlled Disbursement 34\u003c\/p\u003e \u003cp\u003eBank Products Used for Electronic Transactions 37\u003c\/p\u003e \u003cp\u003eSummary\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Cash, Credit, and Short-Term Financial Instruments 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeveloping a Short-Term Forecast 44\u003c\/p\u003e \u003cp\u003ePreparing a Cash Budget 45\u003c\/p\u003e \u003cp\u003eCredit Financing 48\u003c\/p\u003e \u003cp\u003eShort-Term Investments 54\u003c\/p\u003e \u003cp\u003eSummary 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Concentration Banking and Financial Institution Relationships 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChanging Financial Landscape 62\u003c\/p\u003e \u003cp\u003eBank Relationship Management 63\u003c\/p\u003e \u003cp\u003eConcentration Banking 64\u003c\/p\u003e \u003cp\u003eRequest-for-Proposals 69\u003c\/p\u003e \u003cp\u003eRFP Evaluation 75\u003c\/p\u003e \u003cp\u003eBank Relationship Reviews 78\u003c\/p\u003e \u003cp\u003eSummary 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Other Working Capital Accounts— Receivables, Inventory, and Payables 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComprehensive Case: Widget Manufacturing Case II 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Accounts Receivable and Working Capital Issues 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElements of Receivables Management 90\u003c\/p\u003e \u003cp\u003eReceivables Cycle Monitoring: Ratios 94\u003c\/p\u003e \u003cp\u003eReceivables Cycle Monitoring: The Aging Schedule 96\u003c\/p\u003e \u003cp\u003eSales Financing 98\u003c\/p\u003e \u003cp\u003eCredit Reporting 99\u003c\/p\u003e \u003cp\u003eTerms of Sale 103\u003c\/p\u003e \u003cp\u003eInvoice Generation 104\u003c\/p\u003e \u003cp\u003eAsset-Based Financing: Receivables 107\u003c\/p\u003e \u003cp\u003eDebt Collection Agencies 109\u003c\/p\u003e \u003cp\u003eSummary 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Inventory and Working Capital Issues 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElements of Inventory Management 112\u003c\/p\u003e \u003cp\u003eInventory Cycle Monitoring: Ratios 113\u003c\/p\u003e \u003cp\u003eInventory Cycle Monitoring: Metrics 115\u003c\/p\u003e \u003cp\u003ePurchasing 117\u003c\/p\u003e \u003cp\u003eEOQ and JIT 122\u003c\/p\u003e \u003cp\u003eWork-in-Process 124\u003c\/p\u003e \u003cp\u003eAsset-Based Financing: Inventory 129\u003c\/p\u003e \u003cp\u003eSummary 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Payables and Working Capital Issues 132\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eElements of Payables Management 133\u003c\/p\u003e \u003cp\u003ePayables Cycle Monitoring: Ratios 134\u003c\/p\u003e \u003cp\u003eAccounts Payable Function 136\u003c\/p\u003e \u003cp\u003ePayables Using Internal Processes 139\u003c\/p\u003e \u003cp\u003ePayables Outsourcing 140\u003c\/p\u003e \u003cp\u003ePayroll Alternatives 145\u003c\/p\u003e \u003cp\u003eSummary 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Issues in Working Capital Management 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComprehensive Case: Widget Manufacturing Case III 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 International Working Capital 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapitalism Goes Global 156\u003c\/p\u003e \u003cp\u003eElements of International Working Capital 157\u003c\/p\u003e \u003cp\u003eFinancing of International Transactions 158\u003c\/p\u003e \u003cp\u003eForeign Exchange Markets 160\u003c\/p\u003e \u003cp\u003eAnalysis of Country Risk 167\u003c\/p\u003e \u003cp\u003eOther Significant Issues in International Working Capital 169\u003c\/p\u003e \u003cp\u003eCultural and Corporate Practices Affecting Working Capital 171\u003c\/p\u003e \u003cp\u003eSummary 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Information and Working Capital 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInformation Technology 176\u003c\/p\u003e \u003cp\u003eBank Information Technology 178\u003c\/p\u003e \u003cp\u003eInternet Bank Technology 182\u003c\/p\u003e \u003cp\u003eEnterprise Resource Planning: An Alternative Approach 188\u003c\/p\u003e \u003cp\u003eChoosing Working Capital Information Systems 191\u003c\/p\u003e \u003cp\u003eSummary 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Managing the Working Capital Cycle 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk and Working Capital 200\u003c\/p\u003e \u003cp\u003eEnterprise Risk Management 202\u003c\/p\u003e \u003cp\u003eEfficiency and Working Capital 204\u003c\/p\u003e \u003cp\u003eLiquidity and Working Capital 207\u003c\/p\u003e \u003cp\u003eSuggested Actions 210\u003c\/p\u003e \u003cp\u003eDevelopments in Working Capital Management 215\u003c\/p\u003e \u003cp\u003eThe Cost of a Transaction 217\u003c\/p\u003e \u003cp\u003eSummary 221\u003c\/p\u003e \u003cp\u003eAppendix A: Suggested Solutions to Widget Manufacturing Company Case—Parts I, II, and III 223\u003c\/p\u003e \u003cp\u003eAppendix B: Basic Financial Concepts 233\u003c\/p\u003e \u003cp\u003eAppendix C: Web Sites of Working Capital Market Participants 238\u003c\/p\u003e \u003cp\u003eAppendix D: Glossary 241\u003c\/p\u003e \u003cp\u003eAbout the Author 262\u003c\/p\u003e \u003cp\u003eIndex 263\u003c\/p\u003e  \u003cp\u003e\u003cstrong\u003eJames S. Sagner Ph.D.\u003c\/strong\u003e?(White Plains, NY) is Adjunct Professor at the University of Bridgeport. He is former Senior Managing Principal of Sagner\/Marks, a treasury management consulting firm with offices in White Plains NY. Prior to forming Sagner\/Marks in 1992, Mr. Sagner was with the Consulting Services Division of the First National Bank of Chicago (now Bank One).?He has managed over 250 large-scale studies for companies and non-profit organizations worldwide. He is recognized as an expert in financial management and his clients have included leading insurance companies, securities firms, finance companies, banks, hospitals, manufacturing companies and service organizations.?He is the author of \u003cem\u003eCashflow Reengineering\u003c\/em\u003e (1997) and \u003cem\u003eFinancial and Process Metrics for the New Economy\u003c\/em\u003e (2001), and co-author of \u003cem\u003eEssentials of Managing Corporate Cash\u003c\/em\u003e (2003).\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989164769509,"sku":"NP9780470879986","price":45.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470879986.jpg?v=1761783054","url":"https:\/\/k12savings.com\/es\/products\/essentials-of-working-capital-management-isbn-9780470879986","provider":"K12savings","version":"1.0","type":"link"}