Cash Is King

An illuminating exploration of the importance of your company's cash position and the steps you can take to ensure organizational liquidity

In Cash is King, working capital and cash strategist Peter W. Kingma delivers an insightful and practical discussion of why your company's cash position should be on an equal footing with sales, cost, and service, and how to make that happen. You'll learn why cash is the fuel in your corporate engine and discover the attributes of an organizational cash culture and how to adopt them within your own firm.

While explaining some of the most important--and most misunderstood--corporate finance concepts, this book is not a finance textbook. Instead, it uses case study examples to offer concrete suggestions for improvements in your company that increase the availability of cash when you most need it. You'll also find:

• Discussions of the importance of sufficient liquidity for operational concerns, research and development, and capital improvements
• Explorations of the consequences of insufficient cash positions

• Examinations of the ripple effects of seemingly small decisions that affect cash supply

  An essential resource for managers, executives, and business leaders everywhere, Cash is King is an effective and hands-on exploration of cash as the lifeblood of any modern commercial entity and an incisive guide to ensuring that your company will have enough of it when its required.

  Autorentext

  PETER W. KINGMA has over thirty years' experience advising some of the largest and most recognizable corporations in the world on their financial positions. He is an expert in helping firms increase cash on hand from operations and the effective use of capital. He is a strategy and transactions principal at EY Parthenon, leading the working capital practice in the Americas.

  Klappentext

  No business can survive without sufficient cash on hand. Despite this, many companies subordinate the importance of liquidity to operational, accounting, or other interests that result in cash shortfalls exactly when that cash is needed the most. This can have profound, sometimes existential, consequences.
  
  In Cash Is King, working capital and cash strategist Peter W. Kingma delivers an incisive, hands-on discussion of how to put your company's cash position on an equal footing with sales, cost, and service, and why you need to make that happen now. You'll learn why cash is the fuel in your firm's engine and discover the attributes of an organizational cash culture, as well as how to adopt those principles within your own organization.
  
  The book explains some of the most critical and commonly misunderstood corporate finance concepts, diving deep into illuminating case studies and examples without drowning the reader in mathematics or accounting concepts. It demonstrates concrete strategies you can apply immediately in your own company to increase the availability of cash when you need it the most.
  
  A transformative resource for executives, managers, and business leaders everywhere, Cash Is King is the effective and practical exploration of the lifeblood of contemporary commercial organizations that you've been waiting for. It's an insightful guide to ensuring your company has the cash it needs when it's required.

  Inhalt

  Introduction ix

  Chapter 1 Order-to-Cash 1

  Chapter 2 Procure-to-Pay 23

  Chapter 3 Forecast to Fulfill 43

  Chapter 4 Logistics 55

  Chapter 5 Production 65

  Chapter 6 Controller 81

  Chapter 7 Metrics 97

  Chapter 8 Resiliency 125

  Chapter 9 Cash Leadership Office (CLO) 139

  Chapter 10 Nonmanufacturing Examples 153

  Acknowledgments 173

  About the Author 175

  Index 177