Résumé
The quick growth of multinational companies has hastened needs for the development of economic models to reflect the new complexities imposed by the globalization.
This course develops an example of a model (by PowerPoint) to assist a multinational firm in its management of working capital with the help of:
- Cash Conversion Cycle;
- Cash Management;
- Stock Management Systems.
Table of contents:
Aims : 1st Part
To define Working Capital
To consider the concepts of Risk Management
To discuss the Relationship between Risk and Return
Aims : 2nd Part
To examine the Cash Conversion Cycle
To discuss some of the dynamics of Working Capital
To discuss the impact of Working Capital Policies
To consider the problem of overtrading
Aims: 3rd Part
To Introduce Cash Management
To consider Cash Budgeting and planning Cash flows
To consider the Baumol Cash Model
To consider the Miller Orr Cash Management Model
Aims: 4th Part
To consider Stock Management Systems
To consider the ABC Model of Stock Management
To examine the Economic Order Quantity Model of Stock Management
An examination of Just-In-Time & MRP as a concept of Stock Management