Optimizing working capital is high on the agenda for many organizations. Significant capital is tied up in Days Sales Outstanding (DSO), Days Payable Outstanding (DPO), and Days Inventory Outstanding (DIO). Focusing inward and freeing up working capital from internal processes can yield significant gains.
Given its cross functional nature, operational versus strategic considerations and complex scale, many organizations struggle to approach and implement working capital optimization. Many one-off efforts may be pursued to optimize a single component within a process. These initiatives, while initially successful, will fail to deliver returns year over year. Determining the best approach for working capital optimization can prove tricky and challenging. ConsultAce partners both with software firms and supply chain consulting firms to provide comprehensive working capital optimization services.
ConsultAce services will help you: