Receivables, payables and inventory - part 3
Taught by James Griffiths · AI tutor support included
This lesson explores the strategic management of payables and inventory as critical working capital components. You'll understand how to optimise payables decisions, calculate economic order quantity for inventory efficiency, and balance the costs of ordering and holding inventory to enhance overall business financial performance.
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In this lesson
- 0:00 Introduction to Payables and Inventory
- 0:47 Managing Payables
- 2:21 Introduction to Inventory Management
- 2:57 Inventory Definitions and Costs
- 4:07 Economic Order Quantity Explained
- 5:51 Economic Order Quantity Calculation Example
About this lesson
Dive deep into the complexities of managing payables and inventory with this insightful video on working capital elements. Discover the strategic benefits and risks of extending payables, learn how to optimise your inventory through economic order quantity, and explore cost-effective techniques for ordering and holding inventory. From understanding the intricacies of payables to mastering inventory management for business efficiency, this video offers valuable insights for professionals aiming to enhance their financial acumen. Perfect for anyone looking to streamline business operations and financial strategies, it promises actionable advice and practical takeaways.
Duration: 9m
- Payables management strategies
- Working capital optimisation
- Inventory cost components
- Economic Order Quantity (EOQ)
- Ordering and holding costs
- Inventory valuation methods
Transcript
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