Working capital is required for day to day function of the hospitality business. In order to manage the operating capital, hoteliers need to learn and understand, working capital elements, and how to practice working capital management.
Positive working capital cost the company in terms of financing, hence managing it effectively is extremely important to enhance the overall value of the company.
In this course we will learn, what are key elements of working capital and how we can manage them. What are the pros and cons of having too much working capital and too little working capital?
You will learn policies and process of managing working capital elements such as
- Receivables,
- payables,
- inventory and
- cash management.
This course is being taught by Mr Manish Gupta, you can check out his other hotel management courses here
Introduction to Working Capital Management
Trade Credit and Receivable Management
Payables Management
Inventory Management Practices
Cash management Practices
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