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Working Capital Management for Chinese Auto Dealer

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Working Capital Management for Chinese Auto Dealer

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Taking the sample company Zhong Zhi Yuan (hereafter referred to as ZZY) auto dealer as case study, complimented by its peer analysis, this paper focuses on the research on the factors concerning working capital management efficiency of auto dealers in the Chinese market. By analyzing the ZZY and its peer’s liquidity position, the author identified five factors that are of significant importance in the working capital management of the Chinese auto dealers. Firstly, auto dealer’s working capital financing including financing channels, commercial credit and dealer-manufacturer relationship are all have impact on working capital efficiency. Secondly, the accuracy of short-term capital budgeting is affected by the sales forecasting, and manufacturers mandatory procurement, which is also adversely influence on working capital efficiency. Thirdly, the inventory management as the big component of auto dealer’s current assets is tied up the majority working capital. How to keep the right inventory at the right level considering the market demand and sales projection is the core issue of auto dealer’s working capital management. Fourthly, the sound interpretation of business policies from manufacturers and government is necessary for auto dealers to ensure their daily operation. The last but not the least, the necessary internal working capital management risk control is guarantee to prevent and minimize the side effect of inefficient working capital management.

Toon meer
OrganisatieHogeschool Rotterdam
OpleidingMaster of Consultancy & Entrepeneurship
InstituutRBS
Lectoraat
Gepubliceerd in
Jaar2013
TypeMasterscriptie
TaalEngels

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