The Effectiveness of Cash Management Strategies in a Manufacturing Industry: A case of Delta Beverages Mvurwi Branch
- Author
- Mupimbira, Kudakwashe
- Title
- The Effectiveness of Cash Management Strategies in a Manufacturing Industry: A case of Delta Beverages Mvurwi Branch
- Abstract
-
Most industrial organizations face issues in their cash management techniques in an uncertain
economy like Zimbabwe's. Cash management strategies such as budgeting may be ineffective
due to frequent price changes. Using the case of Delta Beverages as a representative, this
study was undertaken to obtain information on modern-day cash management procedures in
various manufacturing companies. Data was obtained through surveys and interviews, and
respondents were chosen using purposive sample approaches. Only 22 out of 30 Finance and
Administration employees responded to interviews and surveys. The data was analyzed using
the Statistical Package for Social Science (SPSS) and Excel. The research was mostly
conducted in accordance with the study's objectives. These objectives include understanding
how Delta Beverages' cash management methods can be improved, analyzing the
justifications behind the preferred level of cash reserves during any given time, and
determining how the company's excess cash can be invested - Date
- June 2022
- Publisher
- BUSE
- Keywords
- Cash Management Strategies
- Cash management methods
- Supervisor
- N/A
- Item sets
- Department of Accountancy
