{"product_id":"ways-out-of-the-working-erik-hofmann-9783642172700","title":"Ways Out of the Working Capital Trap: Empowering Self-Financing Growth Through Modern Supply Management","description":"\u003cp\u003eEspecially 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. \u003c\/p\u003e\u003cp\u003eThis 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. \u003c\/p\u003e\u003cp\u003eFrom 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 \u003c\/p\u003e\u003cp\u003eFrom 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.\u003c\/p\u003e\u003cp\u003eThe conceptual models will be clarified using a practical example from the automobile industry. Finally, the \"Procurement Value Added\" (PVA(c)) approach will be presented, a concept that measures the contribution of procurement to the company's success.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Erik Hofmann, Daniel Maucher, Sabrina Piesker\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3642172709\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783642172700\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/02\/2011\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 94\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.65lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.20h x 6.30w x 0.60d","brand":"Erik Hofmann","offers":[{"title":"Hardcover","offer_id":44213281652991,"sku":"9783642172700","price":54.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_5f389c47-9f6b-4ec1-b7c9-f30ffeeb664a.jpg?v=1692113010","url":"https:\/\/www.whiterainbookhouse.com\/products\/ways-out-of-the-working-erik-hofmann-9783642172700","provider":"WR Book House","version":"1.0","type":"link"}