Working Capital Management shows how business leaders and managers can continue to be successful in difficult financial times as reflected in the limited access to bank credit and other sources of short-term funds. Working capital management is the art-and increasingly the science-of organizing a company's short-term resources to sustain ongoing activities, mobilize funds, and optimize liquidity. In this important resource, author James Sagner (a banker and consultant who has worked with myriad leading U.S. and global corporations and not-for-profit organizations) reveals how to identify and put in place an efficient and effective use of current assets and liabilities of a company throughout each phase of a business's operating cycle. Step by step, Sagner shows what it takes to plan, monitor, and manage a company's collections, disbursements, and bank account balances. Part of the Wiley Corporate F&A series, this important text covers the main components of working capital. The book also includes information and suggestions on the effective management of receivables, inventories, payables, and international transactions that will help to minimize investment in idle resources. In addition, Working Capital Management reveals the most useful techniques for gathering and managing information to effectively use available funds and identify risk. To bring the information to life, Working Capital Management contains a wealth of examples and real-world scenarios from a variety of organizations. The illustrative examples provide context for applying the core principles and calculations used in working capital management. In addition, the book includes a case analysis (Widget Manufacturing) that clearly explains the book's approach and offers solutions. Working Capital Management is designed as a useful resource for working capital managers, students, and anyone seeking a succinct, well-written reference to the effective management of working capital. Includes vital information and proven suggestions for the effective management of receivables, inventories, payables, and international transactions to help avoid the critical mistake of investing in idle resources. Explains how to effectively allocate an organization's current assets and liabilities throughout each phase of the operating cycle. State-of-the-art strategies and approaches for planning, monitoring, and managing a company's collections, disbursements, and bank account balances.