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Library's collection Library's IT development CancelWorking capital management is a part of financial management which concern on managing
current asset and liability. The importance of managing working capital is to ensure that
company has sufficient money to operate their business. Having enough cash is necessary for
the business especially under financial crisis condition. Working capital management consists
of cash management, inventory management, and credit management which they relate and
influence each other. Furthermore, cash management will concern more on company cash
flow such as cash flow planning, and cash flow controlling. Inventory management will
concern on managing and controlling material including the strategy in purchasing to
determine stock level. In addition credit management will concern on account receivable and
account payable.The objective of this research is to investigate strategy in working capital management under adverse economic condition. To obtain the objective it has been used a case study in two
small and two medium companies. Furthermore synthesis cross case study analysis had been
used to search the differences and similarity the strategy that construction SMEs used to
maintain their business.The result shows that it is important to manage and controlling cash flow in terms of cashreceipt from payment and cash disbursement.