A Meat Foods Co., Ltd. Purchasing Business Activities Internal Control Research

On June 28,2008, the ministry of finance, securities regulatory commission (CSRC) and other five departments in our country jointly issued the "enterprise internal control basic norms", marked our country enterprise internal control construction has a unified regulatory standard. But from the developmental status of enterprises in recent years, the construction of our country enterprise internal control did not reach the expected effect, especially small and medium-sized enterprises. Its reason has a relation with our country market economy level of development, enterprise’s management level, talent structure and the enterprise itself seriously enough. The weak of Small and medium-sized enterprise internal control system of the construction, directly lead to the development in this and other problems in the process, and even cause the consequences of business failures. So the research of the development of small and medium-sized enterprise internal control status, summing up the experience of the small and medium-sized enterprises in the aspect of internal control have a great significance to guide the development of small and medium enterprises in the future.Procurement activities in small and medium-sized enterprise occupies a very important position in the business activities, they are the market leader in its business activities. Whether the procurement activities is standard or not, is directly related to whether the cost can be reduced and the product is with the first part of competitive advantage. A Meat Food Co., Ltd with annual sales of about 1 billion is a typical representative in the food industry. In this paper, starting from the development status of A Company’s internal control, it analyzes the governance structure, purchase processes, vendor selection and management of the situation, the contract approval process, acceptance of storage, the financial audit, payment and information technology and other areas, combined current mature theory of internal control of procurement activities of the above aspects a company exists to analyze issues and propose concrete solutions.