Strayer FIN534 Week 9 Discussion 2

FIN 534 Week 9 Discussion 2FIN 534 Week 9 Discussion 2“Supply Chains and Working Capital Management” Please respond to the following:· Suggest two (2) creative actions that a firm may take to shorten its cash conversion cycle. Provide a rationale for your suggestions.· From the scenario, analyze TFC’s cash budget to determine key methods in which the budget may be optimized (e.g., by renegotiating terms and conditions on some of its payables, etc.). If you believe that there is room for improvement, recommend key strategies for TFC to use in order to optimize its cash budget. If you do not believe that this is the case, provide a rationale for your response