Credit and Inventory Management What are the elements of a receivables management program? What are the components of a credit policy? What are the tradeoffs in setting credit policy terms? How does competition affect the optimization of credit policy terms? What factors affect the ideal credit period? What are the five C's of credit? What tools are used to monitor receivables? In what forms can credit be offered to customers? What elements of a credit policy decision can be quantified? How may a change in credit policy affect the costs associated with inventories? How may a change in credit policy affect the costs associated with receivables? In what two ways can projected bad debt losses be affected by a change in credit policy? What are the potential costs/benefits of offering early payment discounts