Working capital Minimisation helps achieve a payables turnover well under computer industry average

Dell Computer Corp (No. 48 on the Fortune 500 at the time of writing) achieved a cost-of-sales to payables turnover of 5.9 times (versus the industry average of 9.3 times) as a result of their focus on minimising working capital. Dell maximises cash preservation by holding payables until dates negotiated with vendors....

BPIR Categories

11.2.1 Process accounts payable
11.1.4 Manage cash flow