Inventory Control And Optimization For Finish Goods In T Company

Financial crisis caused by subprime mortgage was evolved to economic crisis rapidly in 2008. It was overspread during all industrial and enterprises quickly. The economics in more and more enterprises was getting worse. We were seeing a lot of layoff, salary decreasing, output reduction, production stop etc. The governments in most of countries had the positive economics stimulus, monetary policy implementation, supported and took over the difficult enterprises. In order to actively help themselves, the enterprises changed the business strategy and cut costs in time. During financial crisis, due to the rapid decline in demand and sales, the action to consume inventory faster, control inventory effectively and increase their cash flow, is one of the most important self-help actions for enterprises.In this paper, we try to improve the performance of inventory management, reduce inventory costs, improve management efficiency and enhance competitiveness in T Company based on current inventory situation and practical problems with inventory control theory. In this paper, analysis and study have been done among inventory change, stock structure, On-time delivery and the ABC inventory classification. Various problems are exposed which cause T Company with inaccurate sale forecast, too high level of service requirement, logistics. Some advices and measures are recommended to improvement and optimize the system and process of inventory management, such as optimize functions, use scientific forecast tools, establish active safety stock, restructure distribution centers.