Embed WC optimization as a core focus of ongoing budgeting processes.
As Cash on the line, 2011 demonstrates, opportunities in the telecommunications industry for improving WC management abound.
But accessing those benefits requires the hard work of taking a closer look at the enterprise, activity by activity, contract by contract, and even transaction by transaction, in search of excess WC.
A good approach is to embed WC optimization as a core focus of ongoing budgeting processes. Already, business units must regularly develop their plans for sales, inventories, purchases from vendors, credit extension, bad debt and other key revenue or expense items. Within this exercise, updating the needed WC capital becomes a routine mathematical process.
By adopting a more methodical and granular approach, businesses can achieve a much more effective optimization of total WC.
The time to begin is now.
Contact one of our professionals to learn more.