Mastering Working Capital Management: Strategies for Optimizing Liquidity and Profitability
Course Overview This comprehensive course is designed to equip participants with the knowledge and skills necessary to optimize working capital management, improve liquidity, and increase profitability. Through interactive lessons, real-world examples, and hands-on projects, participants will gain a deep understanding of working capital management strategies and techniques.
Course Objectives - Understand the fundamentals of working capital management and its impact on business performance
- Analyze and optimize working capital components, including accounts receivable, accounts payable, and inventory
- Develop effective strategies for managing cash flow, liquidity, and funding
- Implement best practices for working capital management, including process improvement and technology solutions
- Measure and evaluate working capital performance using key metrics and benchmarks
Course Outline Module 1: Introduction to Working Capital Management
- Defining working capital and its importance in business
- Understanding the components of working capital: accounts receivable, accounts payable, and inventory
- Working capital management strategies and objectives
Module 2: Accounts Receivable Management
- Understanding accounts receivable and its impact on working capital
- Developing effective credit policies and procedures
- Managing accounts receivable: invoicing, payment terms, and collections
- Best practices for accounts receivable management
Module 3: Accounts Payable Management
- Understanding accounts payable and its impact on working capital
- Developing effective payment policies and procedures
- Managing accounts payable: payment terms, discounts, and cash flow
- Best practices for accounts payable management
Module 4: Inventory Management
- Understanding inventory and its impact on working capital
- Developing effective inventory management policies and procedures
- Managing inventory: ordering, stocking, and turnover
- Best practices for inventory management
Module 5: Cash Flow Management
- Understanding cash flow and its impact on working capital
- Developing effective cash flow management strategies
- Managing cash flow: forecasting, budgeting, and funding
- Best practices for cash flow management
Module 6: Funding and Liquidity Management
- Understanding funding options and their impact on working capital
- Developing effective funding strategies
- Managing liquidity: cash reserves, credit facilities, and asset-based lending
- Best practices for funding and liquidity management
Module 7: Working Capital Performance Measurement and Evaluation
- Understanding key metrics for working capital performance: days sales outstanding, days inventory outstanding, and days payable outstanding
- Developing effective benchmarks for working capital performance
- Evaluating working capital performance: trend analysis, ratio analysis, and industry comparison
- Best practices for working capital performance measurement and evaluation
Module 8: Working Capital Management Technology and Process Improvement
- Understanding the role of technology in working capital management: automation, integration, and analytics
- Developing effective process improvement strategies for working capital management
- Implementing best practices for working capital management technology and process improvement
Module 9: Case Studies in Working Capital Management
- Real-world examples of working capital management successes and failures
- Analyzing and learning from case studies in working capital management
- Applying best practices from case studies to improve working capital management
Module 10: Final Project and Certification
- Applying knowledge and skills to a real-world working capital management project
- Developing a comprehensive working capital management plan
- Receiving a Certificate of Completion issued by The Art of Service
Certificate of Completion Upon completion of this course, participants will receive a Certificate of Completion issued by The Art of Service. This certificate demonstrates expertise in working capital management and is recognized industry-wide.
Course Features - Interactive and engaging lessons
- Comprehensive and up-to-date content
- Personalized learning experience
- Real-world applications and case studies
- Expert instructors with industry experience
- Certificate of Completion issued by The Art of Service
- Flexible learning: online, self-paced, and mobile-accessible
- Community-driven: discussion forums and peer feedback
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access
- Gamification and progress tracking
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- Understand the fundamentals of working capital management and its impact on business performance
- Analyze and optimize working capital components, including accounts receivable, accounts payable, and inventory
- Develop effective strategies for managing cash flow, liquidity, and funding
- Implement best practices for working capital management, including process improvement and technology solutions
- Measure and evaluate working capital performance using key metrics and benchmarks
- Defining working capital and its importance in business
- Understanding the components of working capital: accounts receivable, accounts payable, and inventory
- Working capital management strategies and objectives
- Understanding accounts receivable and its impact on working capital
- Developing effective credit policies and procedures
- Managing accounts receivable: invoicing, payment terms, and collections
- Best practices for accounts receivable management
- Understanding accounts payable and its impact on working capital
- Developing effective payment policies and procedures
- Managing accounts payable: payment terms, discounts, and cash flow
- Best practices for accounts payable management
- Understanding inventory and its impact on working capital
- Developing effective inventory management policies and procedures
- Managing inventory: ordering, stocking, and turnover
- Best practices for inventory management
- Understanding cash flow and its impact on working capital
- Developing effective cash flow management strategies
- Managing cash flow: forecasting, budgeting, and funding
- Best practices for cash flow management
- Understanding funding options and their impact on working capital
- Developing effective funding strategies
- Managing liquidity: cash reserves, credit facilities, and asset-based lending
- Best practices for funding and liquidity management
- Understanding key metrics for working capital performance: days sales outstanding, days inventory outstanding, and days payable outstanding
- Developing effective benchmarks for working capital performance
- Evaluating working capital performance: trend analysis, ratio analysis, and industry comparison
- Best practices for working capital performance measurement and evaluation
- Understanding the role of technology in working capital management: automation, integration, and analytics
- Developing effective process improvement strategies for working capital management
- Implementing best practices for working capital management technology and process improvement
- Real-world examples of working capital management successes and failures
- Analyzing and learning from case studies in working capital management
- Applying best practices from case studies to improve working capital management
- Applying knowledge and skills to a real-world working capital management project
- Developing a comprehensive working capital management plan
- Receiving a Certificate of Completion issued by The Art of Service
- Interactive and engaging lessons
- Comprehensive and up-to-date content
- Personalized learning experience
- Real-world applications and case studies
- Expert instructors with industry experience
- Certificate of Completion issued by The Art of Service
- Flexible learning: online, self-paced, and mobile-accessible
- Community-driven: discussion forums and peer feedback
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access
- Gamification and progress tracking