Discussion On Working Capital Management Based On Channel Theory

In the daily financial management of the enterprise, the management of working capital has been very important management content, it is the enterprise survival and development of the "flowing blood", to ensure that the enterprise for production and marketing link smooth convergence. Since 2012, the global economy remains in the doldrums, the domestic economy also suffered a lot of impact and challenges, in a downward state, the economic operation in 2016 is still facing a lot of downward pressure. In the downturn in the economic environment, Chinese enterprises to realize the transformation, toward the high-end level, the strategic goal of the enterprise, depends to a large extent to enterprises for their own daily management, especially the management of working capital.In the traditional enterprise working capital management, the selection of individual management elements as a focus, cut off the continuous business process. This management mode does not have the working capital management of the enterprise and the enterprise business process together, there is a big limitation. Therefore, the introduction of new management theory to adapt to the requirements of the modern enterprise management of capital management is imperative. The scholars of our country by the IASB and FASB in 2008 on corporate financial statements presentation content re classification of the concept of a joint announcement, causing the rethinking of the concept of working capital management proposed will channel theory into enterprise working capital management, from the overall upgrade the management level of enterprises operating funds to adapt to the new requirements of modern enterprise management. With the development of information technology, the combination of working capital management and business process can provide the possibility for the enterprise to realize the management of working capital based on the channel. It can be said that the study of the method of working capital management based on channel theory is at the right time.In this paper, the content and methods of working capital management based on channel theory are discussed, and then combined with the specific cases of home appliance manufacturing enterprises, the group of the United states. In order to help managers find enterprise short board in the business process, improve the level of working capital management; at the same time, the working capital performance evaluation system based on the theory of channels for outside investors to provide reliable basis for working capital management performance to help the make reasonable investment decision.Firstly, this paper at home and abroad on the working capital management literature finishing, analysis of the shortcomings of the traditional working capital management, the new development of the working capital management is closely integrated with the business process of working capital management based on the theory of channels. Taking the group of the United States as an example, it analyzes the existing working capital management, and puts forward the necessity and feasibility of the introduction of the working capital management based on channel theory in the United States. And in the group of the United States division of working capital management project based on the theory of channels as the breakthrough point, group of beauty channel theory of working capital management strategy and performance management based on the analysis, to identify shortage in working capital management of the group of the United States, according to the recommendations for improvement, in order to improve the beauty of group working capital management level. Also provides reference for China’s household electrical appliance manufacturing enterprises.