The Formulation Of Credit Policy Of SY Industry Company, Sichuan

Credit sales decreases transaction costs, reduces inventory, improves the competitiveness of enterprises, it also brings uncertainty to the transaction -- credit risk. Credit sales will have accounts receivable management costs, and brings the risk of loss of bad debts. The way of enterprise to control the risk of credit transaction, the largest amount, the fastest speed recovery accounts receivable and bad debts to avoid losses is setting a series of perfect credit policies. The subsequent management of accounts receivable prior to the drugs either on credit products prior to the prevention of control, prior to the clients credit information and credit transactions risk identification.Most domestic enterprises in drugs either on credit management problems mainly form extreme-style irrational management. Either no drugs either on credit or use cash or bank full acceptance, or unprincipled drugs either on credit for a large proportion of the drugs either on credit to all customers. Whether to adopt an enterprise drugs either on credit policy, and to take either liberal or tightening credit policies, lies in whether the increased profits of their accounts receivable excesses their increased cost, and whether the drugs either on credit and accounts receivable has good prospects.The current domestic and international research on the drugs either on credit risk management is carried on through the collection of several samples modeling statistical analysis, the accuracy of the model depends on the accuracy of the sample. Without samples, these models are not available. But ordinary enterprises are usually unable to find a sufficient number of samples. With the emergence of a large number of drugs either on credit business, it was particularly important for enterprises to carry on a flexible and pragmatic self-study credit analysis. This artical weighs the risks and benefits of drugs either on credit using business management theory, sets out to determine related methods of the credit period, cash discounts, credit standards, lines of credit on the basis of a qualitative analysis of customer credit, sets a specific quantitative analysis function, and develops a set of operational science credit sales policies for S.Y. Industrial Companies ,Sichuan.