Working Capital Management: Strategies for Maximizing Cash Flow and Efficiency in

As a Finance Executive Director, you play a crucial role in managing the working capital of your organization. Efficient working capital management is essential for maximizing cash flow and profitability. This training course aims to equip you with the skills, knowledge, and strategies required to manage working capital effectively.

Objectives

By the end of this training course, you will be able to:

Understand the key principles of working capital management
Develop strategies for managing accounts receivable and accounts payable
Manage inventory effectively to maximize cash flow and efficiency
Identify opportunities for working capital optimization
Develop effective cash flow management strategies

Who Should Attend this Course

This training course is designed for Finance Executive Directors, Finance Managers, and other senior finance professionals who want to enhance their working capital management skills.

Course Outline for 5 Days

Day 1: Introduction to Working Capital Management

Key principles of working capital management
Best practices for working capital management
Developing a working capital management strategy
Evaluating the financial impact of working capital management
Day 2: Managing Accounts Receivable

Best practices for managing accounts receivable
Developing an effective credit policy
Strategies for reducing days sales outstanding (DSO)
Managing bad debt
Day 3: Managing Accounts Payable

Best practices for managing accounts payable
Developing effective payment policies
Strategies for extending payment terms
Managing cash flow through accounts payable
Day 4: Managing Inventory

Best practices for managing inventory
Developing inventory management strategies
Strategies for reducing inventory holding costs
Managing cash flow through inventory management
Day 5: Cash Flow Management

Best practices for cash flow management
Developing a cash flow management strategy
Strategies for managing cash inflows and outflows
Managing cash flow risk

Outputs

By the end of this training course, you will have:

Developed a working capital management strategy
Developed strategies for managing accounts receivable and accounts payable
Managed inventory effectively to maximize cash flow and efficiency
Identified opportunities for working capital optimization
Developed effective cash flow management strategies
Overall, this course will equip you with the tools and techniques required to manage working capital effectively, enabling you to maximize cash flow and profitability for your organization.

Throughout the course, participants will have the opportunity to work on practical exercises and case studies to apply the concepts and skills they have learned. The course will also include interactive discussions and opportunities for participants to share their experiences and insights.