Apples use of JIT (Just In Time)
SUMMARY Apple Inc. utilizes Just-In-Time (JIT) inventory management to synchronize production with consumer demand, minimizing excess stock and reducing holding costs. By maintaining strong supplier relationships and integrating its supply chain, Apple ensures timely...
Procter & Gamble’s Cash Flow Forecasting Techniques
SUMMARY Procter & Gamble (P&G) excels in cash flow forecasting by employing integrated financial planning and analysis, advanced data analytics, and detailed cash flow monitoring. The company uses predictive analytics and real-time data integration to enhance...
Best Practices: Working Capital
SUMMARY Effective working capital management is vital for maintaining liquidity and supporting ongoing business operations. Key practices include efficient inventory management, streamlining accounts receivable, and optimizing accounts payable. Companies like Apple,...
Is Your “Small Business” a Hobby?
SUMMARY The IRS distinguishes between hobbies and businesses based on profit motive and specific criteria, impacting tax obligations. Key factors include how the activity is conducted, the expertise involved, the time and effort invested, income history, occasional...