In this segment on Working Capital Management, a section is solely dedicated to the topic on Inventory.
Append are some articles in my other accounting blog to enhance some basic knowledge on inventory:
(1) What is stock and why do we hold stock?
(2) Purchases of Stocks And Its Associated Costs
(3) What is Cost of Goods Sold And […]

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Needless to say that when debtors are not paying us on time, we need to raise our alertness level as this can ultimately lead to a future bad debt.
So what might be some of the warning signs of a future bad […]

Appended below is a small checklist to assess the quality of your stock management.
The questions are outlined in different perspective/areas.
If you score yourself somewhere close to 100%, then rate yourself A+ class on managing your inventory.
Knowledge, Systems & Policy/Procedures:

Do you know the stock turn for all major items of inventory.?
Have you applied ABC methodology on […]

In the working capital equation, one key area is the managing of Payables which is the creditors or vendors who the company owes money to for the purchases of raw materials or finished goods.
It’s critical to understand that in the working capital cycle/cash conversion cycle, purchasing of raw materials or finished goods is the starting […]

There are several major pitfalls that we should avoid when managing the company’s working capital:
1.Mindset/Belief Change:-

do not believe that only financial distressed companies should focus on improving the working capital. While it is true that distressed companies do have a particular motivation to improve liquidity, it is a grave mistake to believe that only distressed […]