Research On Inventory Management Strategy Of Iron And Steel Raw Materials

The logistics cost is an important indicator to measure the operating efficiency of a business. With the enhanced awareness of logistics management, how to reduce logistics costs has become the core task. For logistics enterprises or enterprises logistics, how to optimize the allocation of evolution of their own resources and how to bring maximum benefit at minimum cost, are serious problems faced by enterprises. Invcntory cost is the main part of the business logistics cost, so inventory management optimization is an effective channel to tap the potential synergies and expand profit (?)rgins. Because of a wide range and a huge amount of the original fuel for iron and steel enterprises, inventory classification and inventory category management have become an important way to reduce logistics cost and improve the level of logistics (?)civices. To reduce the total inventory cost, this paper gives the inventory control strategy for different types of materials on the basis of raw material and fuel inventory classification of the iron and steel enterprises.First, on the basis of sorting out inventory management theory, this paper analyzes the type structure, stock characteristics and existing problems of raw material and fuel of iron and steel enterprises, and then proposes problem-solving ideas and methods.Second, for the characteristics of existence for the original fuel stocks of iron and steel enterprises, considering the funds used, the price fluctuations, consumption and so on, this paper improves the ABC inventory classification, using fuzzy clustering analysis principle, and classifies the original fuel of iron and steel enterprises; from the perspective of reducing the total cost of the inventory, the inventory policy based on fluctuations in the price of class A, class B inventory policy based on price and inventory costs, and (T, s, Q) class C stock strategy.Finally, this paper implements empirical research on the steel mills of FS. It classifies the original fuels, using improved ABC inventory classification, and gives inventory control strategies and suggestions accordingly.