Working Capital Management Essay

1251 words - 5 pages

Market Equilibrium Process PAGE \* MERGEFORMAT 1
kudler Fine Foods is a premier gourmet grocery chain of stores which was established by Kathy kudler in 1998. The motive behind this endeavor was to serve the culinary needs of the customers who are searching for the finest meats, produce, cheese and wines. Kudler Fine Foods is a specialty food store with three locations (La Jolla, Del Mar and Encinitas). KFF's mission is to "provide its customers the finest in selected foodstuffs, wines, and related needs in an unparalleled consumer environment."Employee and Labor RelationsCurrently, all KFF's facilities are non-union facilities. KFF supports more than 200 employees and has received many awards for excellent treatment to its workers. KFF believes that human capital is most important asset and its leadership demonstrates respect for them which in turn not only improves communication but also builds trust. KFF's first priority is customer and in order to satisfy customer, KFF thinks its employees should be satisfied first. Trust goes both ways and KFF expects its employees also to trust its leadership. Compensation plan, wages and benefits that are offered at KFF are competitive. If employees have any complaints or concerns about working conditions or any other issues, they can express these concerns directly to the store manager or supervisor. KFF believes that the by conversation between the employees and supervisor small issues can prevent from growing into large misunderstandings or problems. If the issue is not resolved, employees are encouraged to participate in grievance procedure which is available to all full-time and part-time employees. Employees can submit a statement of Grievance form to the employee relation specialist. KFF fully demonstrates its commitment to employees by responding effectively to employee concerns.Employee Benefits and IncentivesKFF provides various benefits programs to full-time as well as part-time employees. Some of the benefits such as 401(k) Savings Plan, Health and Dental insurance, Life insurance, Educational Financial Assistance and Vacation Benefits are available to regular, full-time employees. Besides these benefits some benefits such as Child Care assistance programs, Wellness and Safety programs are available to both part-time as well as full-time employees.Incentives are an effective way to show that employee's efforts are greatly appreciated by the company. At Kudler Fine Foods although all the employees will be offered employee discounts for purchases in the store, some of the incentives are based on employee performance. Employees who receive exceptional performance review ratings will be eligible for base pay increase. Employee of the month from each store will be rewarded with cash incentive and will be offered to choose his or her own hours for work. Employee with the best performance in a year will be given a certification of employee of the year in the company's annual meeting.Employee...

Find Another Essay On Working Capital Management

Working Capital Management - Hewlett Packard

570 words - 2 pages Working Capital Management PAGE 4 Running Head: WORKING CAPITAL MANAGEMENT- HEWLETT-PACKARD COMPANYWorking Capital Management Paper - Hewlett-Packard CompanyLeah de RosaUniversity of PhoenixWorking Capital Management PaperHewlett Packard's (HP) quarterly reports for July 2007 showed their retained earnings were $20,506 million therefore; 10% would be $2050.6 million (, 2007). The first step is to carefully look at the Statement of Cash

Working Capital Management Concepts Worksheet Essay

673 words - 3 pages rates, sources of finances and so on” (Brealey, Myers and Allen, 2005).ReferencesBrealey, Myers, and Allen, (2005). Principle of Corporate Finance, 8e. New York: The McGraw-Hill Companies.University of Phoenix (2008). Working Capital Management Scenario: Retrieved on May 18th, 2009 from University of Phoenix, Week One rEsource.

Extreme Toys Working Capital Management Solution

1753 words - 7 pages Extreme Toys is a small toy manufacturing company in Southern California that has been in business for a number of years. Recently as a result of a new line of video games and related action figures developed by Extreme Toys' designers, sales have increased significantly over a short period of time. While the success of this new line of video games and action figures has boosted profits, management has come across a working capital management

the relationship between working capital management and the profitability

1142 words - 5 pages The topic of the relationship between working capital management and the profitability has the attention of the financial researchers in the recent past years. As the working capital management has an effect on the profitability of a firm. To examine that relation, researchers have used many approaches and methodologies. Moreover, they have used different data samples depending on the country or the region that they wanted to study. In this

Working Capital Management Concepts Worksheet University of Phoenix MBA550 week1

801 words - 3 pages PAGE 1 Working Capital Concepts Working Capital Management Concepts WorksheetUniversity of PhoenixMBA550 week1Working Capital Management Concepts Worksheet Concept Application of Concept in the Simulation Reference to Concept in Reading Short-term financing "Lawrence Sports (LS) currently finances all cash flow shortages with a $1.2 million line of credit from central bank. The credit line allows LS to maintain a positive cash balance

How should Bhilwara Sabun Utpadak S.S Ltd. tackle the inefficiencies faced in the area WORKING CAPITAL MANAGEMENT

1534 words - 7 pages Introduction I have decided to write my commentary on the WORKING CAPITAL MANAGEMENT INEFFICIENCIES faced by Bhilwara Sabun Utpadak S.S Ltd. Bhilwara Sabun, was set up in the year of 1985 as a soap manufacturing unit. The Founder, Mr. D.L Somani , has made some serious efforts towards the expansion of company wherein initially the production was based out in home. Gradually, Mr. D.L Somani acquired industrial land, set up basic production

All Abot Working Capital

2156 words - 9 pages will need for working capital and investment. The cheapest and best sources of cash exist as working capital right within business. Good management of working capital will generate cash will help improve profits and reduce risks. Bear in mind that the cost of providing credit to customers and holding stocks can represent a substantial proportion of a firm's total profits.There are two elements in the business cycle that absorb cash - Inventory

Working Capital Worksheet

1062 words - 4 pages PAGE 1 Working Capital Worksheet Working Capital Management Concepts WorksheetMBA 550 WK 1University of Phoenix Credit Policy "A credit policy is the blueprint used by a business in making its decision to extend credit to a customer. The primary goal of a credit policy is to avoid extending credit to customers who are unable to pay their accounts. The credit policy for some larger businesses can be quite formal, involving things such as

Working Capital and Financial Environment

1143 words - 5 pages ). Working Capital Management and Short-Term Planning. [University of Phoenix custom edition e-text]. New York: The McGraw-Hill. Retrieved January 8, 2007 from the University of Phoenix, Resource, FIN 324-Fundamentals of Corporate Finance website: Enterprises Inc. (2006, April 28, 2006). Form 10-K. Retrieved January 8, 2007, from

Working Capital: The Life Blood of Business

1123 words - 5 pages maintain your capital but also business owners should know how to manage it. Another concept related to this is the working capital management. According to Sunday (2011), working capital management is very essential concept in a business. It maintains the financial stability of the business and keeps the smooth running of the business. Working capital management also ensures the cash flow of a business. This allows the business to cover all its

Lawrence Sports Working Capital Policy Paper

2323 words - 9 pages working capital management and the best practices or policies a company can institute to optimize working capital.Working Capital PolicyWorking Capital ManagementWorking capital management is the management of a company's finances from the beginning of the cash conversion cycle to the end. Working capital is the cash needed to run the day-to-day operations. The implementation of best practices helps to ensure a company's working capital remains a

Similar Essays

Working Capital Management Essay

1493 words - 6 pages Working Capital Analysis: Working capital management is critical for business. Inappropriate working capital management will lead to major problems for the operations of the company. Management of the company has to make estimation about future expected sales, costs and so on in order to understand about the future working capital requirements ( This provide guidelines to the management in raising appropriate funds at

Working Capital Management Essay

1394 words - 6 pages Efficient working capital management is an integral component of the overall corporate strategy to create shareholder value. Working capital is the result of the time lag between the expenditure for the purchase of raw materials and the collection for the sale of the finished product. The continuing flow of cash from suppliers to inventory to accounts receivable and back into cash is usually referred to as the cash conversion cycle. The way in

Working Capital Management Essay

7081 words - 28 pages Chapter-11.1) Introduction:Study on working capital management gives useful insights on how a company is managing its short term assets and liabilities. Current assets and liabilities are collectively known as working capital. Working capital management is concerned with how a company balances its current assets and current liabilities to manage its short term liquidity funds. The term current assets refers to those assets which in ordinary

Working Capital Management Concepts Worksheet Essay

611 words - 2 pages tApplication of Concept in the SimulationReference to Concept in ReadingTerms of SaleIn the working capital management simulation, Lawrence has terms of sale set up with its business partners to pay a certain percentage at the time of the sale and pay the rest the following week. Mayo has extended their terms of sale and not stuck to the original agreement."Terms of sale are the individual practices that a firm has for transactions that involve