Working capital management is an important yardstick to measure a company operational and financial efficiency. This aspect must form part of the company’s strategic and operational thinking. Efforts should constantly be made to improve the working capital position. This will yield greater efficiencies and improve customer satisfaction (Gordon, 2006)...
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Efforts should constantly be made to improve the working capital position. This will yield greater efficiencies and improve customer satisfaction (Gordon, 2006). The essence of effective working capital management is proper cash flow forecasting. This should take into account the impact of unforeseen events, market cycles, loss of a prime customer and actions by competitors...
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