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To optimize working capital, businesses can streamline inventory management by reducing excess stock and enhancing turnover rates. Implementing efficient accounts receivable processes, such as prompt invoicing and offering discounts for early payments, can improve cash flow. Additionally, negotiating better payment terms with suppliers can help extend Accounts Payable, allowing more time to manage cash effectively. Regularly monitoring financial metrics and adjusting strategies based on performance can further enhance working capital efficiency.

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1d ago

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