ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

WORKING CAPITAL MANAGEMENT IN AUTOMOBILE INDUSTRY

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 37 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4,166 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABSTRACT

Working capital is the ability of a business to meet its short-term liabilities as the full due out of its short-term assets.

It is therefore necessary that an industry should always maintain a well-articulated and consistent management of its working capital.

To facilitate the exposition of this research work for a clear understanding by our readers, this work had been divided into three chapters. In course of the study hypothesis were development, it was observed that automobile industry had adequate working capital to improve efficiency of its production we observed that automobile industry had adequate and good quality capital position though it has no credit policy for its customers.

Based on these we concluded that, automobile industry has effective working capital management. Also we provided some useful suggestions that can further improve the effectiveness of the industry’s working capital management. The suggestions include the establishment of credit policy and embarking on marketing strategy organizing of symposium and seminars on working capital management.   

TABLE OF CONTENTS

                        Chapter One:

1.0         Introduction

1.1       Background of the Study

1.2         Statement of the Problem

1.3         Purpose of the Study

1.4         Significance of the Study

Chapter Two:

2.1         Review of Related Literature

2.2         Working Capital Management an Overview

2.3         Management of Cash

2.4         Management of Inventories

2.5         Management of Debtors

2.6         Management of Creditors

2.7         Method of Data Collected

Chapter Three:

3.1         Design and Methodology

3.2         Sources of Data

3.3         Location of Data

Chapter Four:

4.0         Summary of Findings

Chapter Five: 

5.0         Recommendation and Conclusion

Bibliography

CHAPTER ONE

1.0         INTRODUCTION:

1.1       BACKGROUND OF THE STUDY:

In the early 70’s there was an economic from in Nigeria and manufacturing industries inspite of widespread misapplica and diversion of resources still returned handsome profits. Companies expanded and prospered as a result and effective management became insignificant.

However, in the early 80’s, Nigeria started witnessing an austere economic condition due to global oil fall in price.

Business environment became so complex that most manufacturing industries and other sectors of the economy started findings things difficult.

Hence the need for effective management of resources became imperative.

The financial resources of the manufacturing industries were one of the major casualties. The companies liquid asset were inadequate to meet its day to day requirement of fund and a newly established company require adequate working capital to be able to start off operation effectively.

Good working capital management is vital to effective financial obligation of an industry.

It is therefore imperative at this point to illustrate the definition of working capital. It represent asset used in the day-to-day mining of an enterprise.

In other words, working capital in the net investment in current assets.

Working capital also indicates in a general sense, the ability of a business to meet it short-term liabilities as they fall due out of its short-term asset.

However the importance of working capital cannot be over emphasized. Explicate survey has revealed that there is growing awareness of importance of capital and its influence on the success of a business organization.

Based on the above general premises of our discussion, working capital management refers to all aspect of administration of both currents asset and liabilities working capital requires a careful and mutinous management as its effectiveness make a gloomy business likely and prosperous.

As a result of the impact of working capital on a business, this study is to assess the working capital management in manufacturing industries within Anammco.

1.2         STATEMENT OF THE PROBLEM:

A critical overview at the trend of business activities over some years in Nigeria will reveal a consistent increase in cost and lowering profit.

It puzzles one why manufacturing industries in Nigeria have not been operating efficiently, is it because of unavailability of raw materials? Or is it lack of managerial expertise. We noted the practise of working capital management in manufacturing industries yet the problem lingers on.

In the light of all these problem and the fact that there is the awareness of the need for working capital management and that there is inadequate working capital in our manufacturing industries.

1.3         PURPOSE OF THE STUDY:

The purpose of the study include:

1.            To determine the immense importance of working capital management in manufacturing industries.

2.            To critically examine the existence and evaluate the quality of working capital of automobile industry.

3.            To assess the general contribution of working capital management in cost reduction.

4.            To determine the factors hindering the working capital management in manufacturing industries.

1.4         SIGNIFICANCE OF THE STUDY:

This study will determine certain problems associated with the management of working capital in manufacturing industries.

It will highlight useful information on the possible means of improvement.

It will be of immense benefit to investors in the industry.

Finally, it will serve as a useful guide for further researcher, who may wish to go into the subject.

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS OF CAUSES AND PROBLEM OF FINANCIAL DISTRESS IN NIGERIA BANKING SECTOR (A CASE STUDY OF AFEX BANK PLC.)

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

CHAPTER ONE INTRODUCTION The importance of capital as a necessity though not sufficient condition for economic growth is recognized in development economy where it is believed that the position of ...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5627 engagements

CHAPTER ONE INTRUDUCTION BACKGROUND OF STUDY A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor. For the ...Continue reading »

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   18727 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3640 engagements

ABSTRACT This project examined the management of current assets in public Limited Liability Company. It is obvious that no company can perform well without good current asset management. This cares f...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract

CHAPTER ONE 1.0 INTRUDUCTION: Current assets as one of the management tolls of business organization are very important in the proper function of business and achievement of organizational goal. Cur...Continue reading »

A CRITICAL ASSESSMENT OF THE SURVIVAL STRATEGIES OF DEPOSIT MONEY BANKS IN A DEPRESSED ECONOMY

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1808 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigerian economy is faced with national and global economic challenges and as such, the financial institutions, especially the banking sector ha...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent