working capital management
Working capital management refers to the efficient management and control of a company's current assets and liabilities to ensure smooth operations, optimize cash flow, and maximize profitability. It involves activities such as monitoring and forecasting cash flows, managing inventory levels, collecting receivables, and managing short-term liabilities. The main goal is to strike a balance between maintaining sufficient liquidity and utilizing available resources effectively to generate profits.
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Related Concepts (3)
Similar Concepts
- budgeting and cash flow control
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