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  "documentTitle": "Pressure on the production line Working Capital in Global Manufacturing",
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      "text": "Businesses face ever increasing pressure on costs and growing financing requirements as a result of intensified competition in globalised markets. Many of them are therefore considering ways of making themselves more efficient. In identifying possible options it is important not to focus exclusively on income and expense items, but also to take the balance sheet into account. Improvements to the existing capital structure can free up valuable resources and bring increased efficiency. Active working capital management is an extremely effective way to increase enterprise value. Optimising working capital results in a rapid release of liquid resources and contributes to an improvement in free cash flow and to a permanent reduction in inventory and capital costs.",
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