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PHI Learning

Helping Teachers to Teach and Students to Learn

Helping Teachers to Teach and Students to Learn

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PHI Learning
WORKING CAPITAL MANAGEMENT : Strategies and Techniques

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Edition : Fourth Edition
Pages : 596

Print Book ISBN : 9789390544332
Binding : Paperback
Print Book Status : Available
Print Book Price : 995.00  746.25
You Save : (248.75)

eBook ISBN : 9789390544349
Ebook Status : Available
Ebook Price : 995.00  746.25
You Save : (248.75)


Working capital is commonly understood as the fund needed to meet the day-to-day expenses of an enterprise. A finance manager finds that the funds for meeting these expenses get blocked in current assets. He, therefore, looks for liquidity support in net working capital (NWC), which is equivalent to the excess of current assets over current liabilities.

A banker also looks at the size of NWC as the long-term stake of the business in funding the current assets. But for a production manager, liquidity is synonymous to uninterrupted supply of material inputs to the production lines. Similarly, for a marketing manager, if there is no production, his marketing outlets dry up despite demand in the market. While the finance manager discourages overstocking of inventory, the production manager and the marketing manager dread of being out of stock. In this conflict the goal of the organisation often takes a back seat. This book aims at resolving these conflicts by adopting a techno-financial approach to working capital management. In the previous edition a full chapter on Service Business: Risk Analysis and Working Capital Assessment was introduced to understand the nature of service business and the risks associated with it followed by developing a model for assessment of working capital requirement. Whereas, in the Fourth Edition, a new chapter on Technological Progress, Innovations and Startups

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