EFFECTIVE WORKING CAPITAL MANAGEMENT IN PAINT INDUSTRIES (A CASE STUDY OF MARSHAL PAINT AND CHEMICAL LIMTED ENUGU-ENUGU STATE)
ABSTRACT
It is the intention of the researcher to study and investigate in the paint industry the relevance effect and the importance of effective working capital management. A case study of marshal paints and chemical company it Enugu. This research proposal is concerned with the identification of liquidity and cash management of marshal paits and leading paint company East of Niger. Finding solution to the problems so identified and recommending them to the management for approval and implementation.
In the pilot study carry out by the researcher several discoveries we make is to why the working capital management of the company is undertaken by a separate department.
Amongst these are efficient inventory management which in maintenance of smooth production process, survival, profitability and growth.
The scope coverβs include the paint factory in Enugu and Anambra state and it is the researchers believe that the study will be f much benefit to the company, the wholesalers, retailers and consumers.
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Finally, two approaches is use in collecting data for the research.Β These are primary and secondary data.
