REL: CFO Magazine, ''Growing Problems: The 2007 Working Capital Survey''
July 20 2007 - 12:05PM
Business Wire
Maybe it's globalization. As U.S. companies source more goods from
the far corners of the world, it makes sense that they would stock
more inventory as a guard against potential breakdowns in their
supply chains. Or maybe it's economic priorities. With corporate
coffers bulging like overloaded transpacific freighters, finance
executives could be taking their eye off second-tier metrics like
inventory, payables, and receivables. Whatever the explanation,
2006 marked the first time in five years that the 1,000 largest
publicly traded companies in the United States (excluding
automakers) failed to decrease the amount of cash they had tied up
in working capital relative to sales. In fact, by year-end 2006,
working-capital days were actually up a smidgen: 38.8 days versus
38.7 at year-end 2005. This article provides in-depth coverage of
findings from REL's annual Total Working Capital Survey of the top
1000 companies in the U.S. Click Here to Link to Full Text of
Article or visit the following URL:
http://www.cfo.com/article.cfm/9393690/c_9394789?f=magazine_alsoinside
A detailed REL analysis of the survey findings is also available
online (with registration) at: www.relconsultancy.com/twcEU. About
REL REL (NASDAQ: ANSR) is a world leading consulting firm dedicated
to delivering sustainable cash flow improvement across business
operations. REL�s tailored solutions balance client trade-offs
between working capital, operating costs and service performance.
REL�s expertise has helped clients free up billions of dollars in
cash, creating the financial freedom to fund acquisitions, pension
liabilities, product development, debt reduction and share buy-back
programs. In-depth process expertise, analytical rigour, and
collaborative client relationships enable REL to deliver an
exceptional return on investment in a short timeframe. REL has
delivered work in over 60 countries for the Fortune 500. REL is a
sister company of The Hackett Group, a global strategic advisory
firm is a leader in best practice research and advisory programs,
benchmarking and transformation consulting services including
shared services, offshoring and outsourcing advice. More
information on�REL is available: by phone at (770) 225-7300; by
e-mail at info@relconsultancy.com; or on the Web at
www.relconsultancy.com.
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