scholarly journals Value based management approach in inventory management

2009 ◽  
Vol 61 (1-2) ◽  
pp. 36-47 ◽  
Author(s):  
Grzegorz Michalski
Keyword(s):  
Inventory Management ◽  
Financial Management ◽  
Profit Maximization ◽  
Management Model ◽  
Management Approach ◽  
Enterprise Value ◽  
Value Based Management ◽  
Model Modification ◽  
Management Models ◽  
Assets Management

The basic financial purpose of the firm is maximization of its value. A inventory management should also contribute to realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as basic aim. These models could lacking what relates to another aim, i.e., maximization of enterprise value. This article presents the value based inventory management model modification.

scholarly journals Corporate inventory management with value maximization in view

2008 ◽  
Vol 54 (No. 5) ◽  
pp. 187-192 ◽  
Author(s):  
G. Michalski
Keyword(s):  
Inventory Management ◽  
Financial Management ◽  
Profit Maximization ◽  
Management Model ◽  
Enterprise Value ◽  
Value Maximization ◽  
Model Modification ◽  
Management Models ◽  
Assets Management

The basic financial purpose of the firm is maximization of its value. An inventory management should also contribute to the realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as the basic aim. These models could be lacking what relates to another aim, i.e., maximization of the enterprise value. This article presents the value based inventory management model modification.

scholarly journals Operational risk in current assets investment decisions: Portfolio management approach in accounts receivable

2008 ◽  
Vol 54 (No. 1) ◽  
pp. 12-19 ◽  
Author(s):  
G. Michalski
Keyword(s):  
Portfolio Management ◽  
Asset Management ◽  
Financial Management ◽  
Firm Value ◽  
Trade Credit ◽  
Profit Maximization ◽  
Potential Effect ◽  
Management Approach ◽  
Accounts Receivable ◽  
Enterprise Value

The basic financial purpose of an enterprise is maximization of its value. Trade credit management should also contribute to the realization of this fundamental aim. Many of the current asset management models that are found in the financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to another aim (i.e., maximization of the enterprise value). The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses the portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of accounts receivables in a firm increases both net working capital and the costs of holding and managing accounts receivables. Both of these decrease the value of the firm, but a liberal policy in accounts receivable coupled with the portfolio management approach could increase the value. Efforts to assign ways to manage these risks were also undertaken; among them, a special attention was paid to adapting the assumptions from the portfolio theory as well as gauging the potential effect on the firm value.

scholarly journals Portfolio management approach in trade credit decision making

2007 ◽  
Vol 59 (4) ◽  
pp. 546-559 ◽  
Author(s):  
Grzegorz Michalski
Keyword(s):  
Portfolio Management ◽  
Asset Management ◽  
Financial Management ◽  
Trade Credit ◽  
Profit Maximization ◽  
Management Approach ◽  
Accounts Receivable ◽  
Enterprise Value ◽  
Value Maximization ◽  
Current Asset

The basic financial purpose of an enterprise is maximization of its value Trade credit management should also contribute to realization of this fundamental aim. Many of the current asset management models that are found in financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to maximization of enterprise value. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses portfolio management theory to determine the level of accounts receivable in a firm.

scholarly journals Trade Credit Decision Making Based on Portfolio Management Approach

Ekonomika ◽  
2007 ◽  
Vol 80 ◽  
Author(s):  
Grzegorz Michalski
Keyword(s):  
Portfolio Management ◽  
Asset Management ◽  
Financial Management ◽  
Trade Credit ◽  
Profit Maximization ◽  
Management Approach ◽  
Accounts Receivable ◽  
Enterprise Value ◽  
Value Maximization ◽  
Current Asset

The basic financial purpose of an enterprise is maximization of its value. Trade credit management should also contribute to realization of this fundamental aim. Many of the current asset management models that are found in financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to maximization of enterprise value. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk related to purchasers using payment postponement for goods and I or services. The present article offers a method that uses portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of accounts receivables in a firm increases both the net working capital and the costs of holding and managing accounts receivables.

The Impact of Effective Expansion around on Energy Enterprise Value

2013 ◽  
Vol 805-806 ◽  
pp. 1443-1446
Author(s):  
Ze Hong Li ◽  
Xiang Yu Meng
Keyword(s):  
Financial Management ◽  
Profit Maximization ◽  
Discounted Cash Flow ◽  
Enterprise Value ◽  
Management Objectives ◽  
Social Nature ◽  
Effective Expansion ◽  
Three Stages ◽  
Social And Environmental Responsibilities ◽  
The Impact

Financial management objectives have gone through three stages; they were maximization of profit, maximization of shareholders' equity and maximization of enterprise value. At present, the maximization of enterprise value is the most widely used financial management objective. Energy enterprise as the foundation of economic operation, it has economy nature and social nature for social and environmental responsibilities. It is important to weigh the interests of all parties to make energy enterprise value achieve real maximum. In this paper, energy enterprise effectiveness will be expanded, and discounted cash flow model will be used to analysis the impact of effective expansion around on energy enterprise value.

scholarly journals Research on Innovation of Financial Management Model Based on Cloud Computing

2020 ◽  
Vol 214 ◽  
pp. 03037
Author(s):  
Song yang
Keyword(s):  
Cloud Computing ◽  
Big Data ◽  
Resource Sharing ◽  
Financial Management ◽  
Service Providers ◽  
Management Model ◽  
Dramatic Improvement ◽  
Management Models ◽  
Cloud Computing Service ◽  
Management Services

Against the background of the rapid development of big data and big data analysis technologies, cloud computing service providers provide services to enterprises and individuals. In many large enterprises, by setting up a cloud computing platform environment, multiple services within the enterprise are placed on the cloud platform to provide resource sharing services for various departments. With the dramatic improvement in computing performance of computer clusters, big data and cloud computing technologies are maturing. We combine cloud computing with financial management services, and use modern technical means to innovate financial management models; we will change the financial management model of enterprises by building financial sharing service centers, thereby providing more efficient financial management services. Based on the research of cloud computing technology, this paper expounds the application of cloud computing in financial sharing, and explores the transformation of financial management models in the context of cloud computing. Fully clarify the principles and procedures for the construction of financial sharing service centers based on cloud computing, and discuss the basic structure of financial cloud management. Finally, we discuss the operation model of financial management based on cloud computing to provide a reference for researchers in financial management.

Why management models are crucial to the success of business models

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stephen Denning
Keyword(s):  
20Th Century ◽  
21St Century ◽  
Design Methodology ◽  
Business Models ◽  
Digital Age ◽  
Management Model ◽  
Digital Innovation ◽  
Content Type ◽  
Management Models ◽  
Practical Implications

Purpose The author posits that the management model of an organization determines what kind of business models can be pursued within that organization and that successful 21st century management models are very different from those that succeeded in the 20th century. Design/methodology/approach The author compares and contrasts successful 21st century management models with models that succeeded in the 20th century. Findings Success in the digital age requires a 21st century management model and mindset based on an obsession with delivering value to customers. Practical implications The management model incorporates the key ‘written and unwritten rules’ of the firm. The success of digital innovation can be threatened by 20th Century management assumptions that thwart Agile initiatives. Originality/value Article explains how Agile mindsets and practices are essential to the 21st century management model, and how they potentiate the firm’s focus on creating customers.

ANALYSIS OF FACTORS OF ENTERPISE VALUE FORMATION

2021 ◽  
Vol 2 (5) ◽  
pp. 74-79
Author(s):  
A. R. GILMETDINOVA ◽  
Keyword(s):  
Enterprise Value ◽  
Value Based Management

This article examines the concept of enterprise value, as well as the factors that affect the formation of enterprise value. In addition, the article shows the ways of applying the analysis of factors of enterprise value in order to implement the concept of value-based management.

APPLICATION OF PERIODIC REVIEW INVENTORIES MODEL IN A TYPICAL MEXICAN FOOD COMPANY

2021 ◽  
Vol 8 (1) ◽  
pp. 27-36
Author(s):  
Ramsés Cabrera-Gala ◽  
Luis Carreón-Nava ◽  
Hugo Valencia-Cuevas ◽  
León Rivera-Sosa
Keyword(s):  
Inventory Management ◽  
Management Model ◽  
Periodic Review ◽  
Food Company ◽  
Periodic Model ◽  
Santa Monica ◽  
Typical Food ◽  
The One ◽  
The City ◽  
Optimal Quantity

The Mexican family companies must face the challenges of market volatility with greater recurrence, forcing them to use effective tools and models for the proper management of their organizations and inherent activities, such as inventory management. Therefore, this research was carried out at “Moles Santa Monica”, a typical food company located in the city of Puebla, Mexico. This enterprise has reflected a high variability in the administration of its inventories, with a Coefficient of Variation (CV) greater than 0.2 in most of their portfolio products. In this way, the objective of this study was to propose an inventory management model that might reduce the shortages and overstock, and also; improves its performance and profitability when it is managed. The applied methods were Pareto and ABC model to choose correctly the best seller company products. The inventory management model chosen was the periodic review (R, S) as well, for being the most effective and the one that best suited the circumstances of the company in question. Three of the portfolio products were studied (MPP10, MPC10 and COP10) due to they are the most representative in incomes and valuables for the company managers. The results allowed us to propose the review periodic model (R), the optimal quantity of units to produce (Q), the safety stock (Ss) and the maximum inventory (S) for each product. We conclude that this model will help the company to face the uncertainty of the demand. Finally, we include limitations and future studies.

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