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	Working Capital Management (Global Version)
	WCAPMANAGE
	English
Audience Details:
	6
	An understanding of working capital
	Managers and prospective managers, particularly those requiring more significant experience in the general financial aspects of business
	Working capital is a critical factor in the sustainability and viability of any business. At the same time, financing working capital can be very costly, so the proper management of working capital is of vital importance. This learning path is designed to provide managers with the skills necessary for developing an effective working capital management strategy.
	After learning this courses you should be able to:
	Define working capital Understand the different needs for working capital Demonstrate an awareness of the costs of financing working capital Demonstrate an awareness of different ways of financing working capital After taking this course, the student should be able to Understand the principal considerations of inventory management Calculate the different types of cost associated with holding inventory Determine the optimal quantities to order or manufacture Determine when to order more inventory Dnderstand the concept of just-in-time inventory management Dnderstand the three main elements of a cash management strategy Describe the five ways of shortening the receivables conversion period List what is involved in the credit control of new and existing customers Understand how to manage your payables to maximize the credit period without Affecting supplier goodwill
	Hands on pratice - Simulations
Course Structure:	Modules and Learning Events
	Introduction to Working Capital Calculating working capital Elements of working capital Calculating the cost of working capital Case study Investment in working capital: Permanent vs temporary Cash Conversion Cycle Definition of the cash conversion cycle Calculating the cash conversion cycle Relationship between the cash conversion cycle and financing costs The asset mix The financing mix Cash, Receivables and Payables Balancing the requirement for liquidity Utilizing spare cash resources: a) Baumol model b) Miller – Orr model Making use of short term investment opportunities Coping with unexpected cash demands Routine cash function Effective cash management systems Shortening the Receivables Conversion Period Incentives for early payment Tightening credit standards Reducing the credit period Interest on overdue accounts Factoring Credit Control Reservation of title clause Evaluating a sales order Average level of receivables Cash discounts Managing Payables The relationship between credit period and cash conversion cycle Adverse consequences of stretching the credit limit Calculating when a shorter credit period may be worthwhile costs Case Study Introduction to Inventory Management Classifying inventory The three principal considerations in inventory management Costs Associated with Inventory Cost of ordering Out of inventory costs Inventory holding costs Inventory Quantity to Order Economic Order Quantity (EOQ) Economic Batch Quantity (EBQ) Economic order range theory When to Order Inventory Re-order point under certaint Re-order point under uncertainty Just-in-time Management Explanation of ‘Just-in-time’ (JIT) Implementing a JIT system
Curriculum Info:
	Business Skills
	Personal Use License Price $395.00
	Contact your Eno Learning Consultant or call 877-298-1322 to order. For organizational purchases, please contact the sales office nearest you. Available Online and Interactive Multimedia CDs