{"product_id":"erik-hofmann-ways-out-of-the-working-capital-trap-9783642172700","title":"Ways Out of the Working Capital Trap","description":"Especially in times of an economic boom following a crisis, companies have to deal with the phenomenon of the \"working capital trap,\" which signifies a company's increasing need for financial liquidity in times of hindered access to debt capital, caused by the increasingly restrictive credit approval processes of financial institutions. As a consequence of cost savings, this situation is often reinforced by a low level of inventory. This book takes up the problem and shows ways of escaping the \"trap\" by identifying and strengthening in-house financing potential. First, different operating ratios will be introduced. These refer to the amount of capital committed to the flow of goods and to the amount of in-house financing possible. Subsequently, methods for consolidating in-house financing that are affected by procurement processes will be presented from the company's and the supply chain's perspective. From a company's perspective, the methods for consolidating the amount of in-house financing over the following topics: The Management of Payment Terms, Inventory Management and Product Group and Supplier Management From the supply chain's perspective, the following methods for extending the possible amount of in-house financing will be discussed: Finance-Oriented Supply Chain Sourcing, Supply Chain-Oriented Supplier Financing, Collaborative Cash-to-Cash Management, Collaborative Cash Pooling and Netting, Supply Chain Financing Platforms. The conceptual models will be clarified using a practical example from the automobile industry. Finally, the \"Procurement Value Added\" (PVA©) approach will be presented, a concept that measures the contribution of procurement to the company's success.","brand":"Springer","offers":[{"title":"Used - very good","offer_id":53598249189718,"sku":"9783642172700-V","price":12.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9783642172700_1_15f4d291-da6f-4984-9537-cadda2c54539.jpg?v=1781719697","url":"https:\/\/www.momoxbooks.com\/products\/erik-hofmann-ways-out-of-the-working-capital-trap-9783642172700","provider":"momoxbooks","version":"1.0","type":"link"}