Acting as a Corporate Finance Analyst, assess the working capital management strategy for a mid-sized manufacturing company. Review current assets, liabilities, and liquidity ratios. Suggest ways to optimize working capital by improving inventory management, shortening receivables collection, and renegotiating supplier payment terms. 
<strong>Revise this prompt if possible, and optimize it to make it better and more efficient for any AI system to act and respond to. 
If possible run your optimized version.</strong>