Working capital strategies are the tactics used by businesses to maximize their cash flow and maintain their financial health. Such strategies involve carefully managing liquid assets, such as accounts receivable, inventory, and accounts payable, in order to optimize the amount of available capital. By understanding their cash needs and having a comprehensive plan in place, companies can efficiently manage their sources of working capital to achieve optimal performance. Having strong working capital strategies helps businesses stay agile in uncertain times, seize opportunities, and protect their bottom line.