CHAPTER 27
Financial Aspects in Supply Chain
27.1 WORKING CAPITAL MANAGEMENT
A supply chain professional need to understand the meaning of working capital management, assets and liabilities.
A) Assets – Fixed Assets and Current Assets
Assets are possessions owned by a firm. They are capable of being expressed in monetary terms, whether tangible (like land, building, stock, etc.) or intangible (goodwill, patents, copyrights, etc.). Fixed assets are those which are permanent in nature and are held for business activities and are not for sale. Examples of fixed assets are land, building, plants, machinery and long-term investments.
Current assets are those liquid assets which are held in terms of cash or materials which can be easily converted ...
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