NOTES
Chapter 1
AMR Research provides subscription advisory services and peer networking opportunities to operations and IT executives in the consumer products, life sciences, manufacturing, and retail sectors. For 2007, the AMR Supply Chain Top 25 portfolio of companies outperformed the market, this time by a wide margin. The average total return of the Top 25 portfolio for 2007 is 17.89 percent, compared with returns of 6.43 percent for the Dow Jones Industrial Average (DJIA) and 3.53 percent for the S&P 500.
G. Bennett Stewart, The Quest for Value (New York: Harper-Collins, 1999).
Working capital is defined as current assets minus current liabilities, but for practical purposes, it is inventory minus account receivables plus accounts ...
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