These wastes also show inefficient production. Further excess inventory can block up working capital. In today’s competitive business environment, minimizing these wastes are important. Toyota has led the way with its lean manufacturing techniques. Minimizing of all kinds of wastes is an important goal for the company... displayed 300 characters
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Minimizing of all kinds of wastes is an important goal for the company. Other organizations too are learning the importance and working towards reducing all non-value adding activities. Reducing these wastes creates environmental benefits also e.g. by reducing defects and having efficient production systems... displayed next 300 characters
If the money is occupied in the form of inventory or debtors then the company will not be able to pay off any of its obligations. If a company's current assets do not exceed its current liabilities, then it may run into trouble paying back creditors in the short term or even result in bankruptcy...
If the accounts payables remain current on accounts, payment terms may be extended allowing for more cash inflow to purchase inventories, thus, allowing for sales and an increased cash conversion cycle...
Even though the Working Capital is soundly strong (WCM=Current Asset-Current Liabilities), but it doesn't really tell the true position of WCM. Now, one of the best ways to investigate the company financial performance is by learning the Working Capital Management Strategy and Physical Chain Analysis of a particular company...
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