Working capital management can be effectively be initiated by finance manager with the necessary assistance of all the member of the team which is normally headed by an expert say the finance manager. It is teamwork and everybody’s contribution make possible to manage the working capital in efficient and effective manner. Motivation is the key, which makes everybody work for achieving the goal of smooth management of working capital. A participative perspective is essential. The head of working capital management team is helpless if he does not receive wholehearted co-operation and sincere support of the team members. As we know, working capital management includes inventory management, debtors control, cash and bank management, short-term investment management, trade creditor management etc. The primary objective of every form of current assets is to enable the business to carry on the commercial operation smoothly and to increase the scale of operation and thus it can earn better business management. It needs no mention that current assets must be utilized as productive as plant, machinery and other equipments.
