Title: Nature, Scope, Classification of Working Capital Management
Headings: Nature, Scope, Classification of Working Capital Management
Nature, Scope, Classification of Working Capital Management
Table of Contents
Meaning of Working Capital Management
Classification of Working Capital Management
Classification/ Approaches of Working Capital Management:-
Scope of Working Capital Management
Nature of Working Capital Management

Content: Improving the business value and position in market is another important advantage of working capital management. Businesses having sound working capital position enjoy better liquidity and credit rating. It helps them in raising funds from various external sources easily at favorable terms. Better relations with supplier and creditors: Management of working capital leads to better relations with supplier and all creditors. It enables business in paying all dues to suppliers or trade creditors on time through always maintaining sufficient amount of funds. This will result in gaining confidence of creditors towards business. Helps in expansion: Every business wants to expand its activities over the time for which it needs additional capital. Proper management of cash will provide business with necessary funds timely and make expansion programs successful.