TY  - BOOK
AU  - Hofmann,Erik
AU  - Maucher,Daniel
AU  - Piesker,Sabrina
AU  - Richter,Philipp
ED  - SpringerLink (Online service)
TI  - Ways Out of the Working Capital Trap: Empowering Self-Financing Growth Through Modern Supply Management 
T2  - Professional Supply Management
SN  - 9783642172717
AV  - HD28-70 
U1  - 658.5 23
PY  - 2011///
CY  - Berlin, Heidelberg
PB  - Springer Berlin Heidelberg
KW  - Economics
KW  - Business planning
KW  - Economics/Management Science
KW  - Production/Logistics/Supply Chain Management
KW  - Organization/Planning
N1  - Call for Action: From Financial and Economic Crisis to Working Capital Trap -- Determination of the Internal Financing Power of Corporate Growth via the Self-Financeable Growth Rate -- Strengthening Internal Financing Power using Cash-to-cash Cycle Optimization -- Measures for Strengthening Internal Financing Power from a Corporate Viewpoint -- Measures for Strengthening Internal Financing Power from a Supply Chain Viewpoint -- Case Study: Increasing Internal Financing Power of a Supplier in the Automotive Industry -- Measuring Procurement Contribution to Corporate Performance using the "Procurement Value Added" -- Conclusion -- Summary -- Outlook -- Literature
N2  - 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 •             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
UR  - http://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-642-17271-7
ER  -