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Make your working capital work for you: Strategies for optimizing your inventory management
Is your inventory management system optimized to boost your bottom line? Find out what you can do today to free some of your working capital.
Managing inventory can sometimes be a balancing act. Inventory often represents the most significant item on a balance sheet and how the inventory process is managed can significantly influence a company’s working capital. Stock too much inventory and you may need to use debt to finance it. Hold on to inventory too long and it may become obsolete before it’s sold. If you carry too little inventory you may lose sales and negatively impact your cash flow.
Make your working capital work for you: Strategies for optimizing your inventory management is the fourth in our working capital series, which identifies actions you can take right now to free up cash. While there are numerous options, this series focuses on four core strategies:
- Accounts receivable
- Accounts payable
- Cash management
- Inventory management
To learn how these best practices can help you outperform your competitors, download our report now.