Research On Working Capital Management In Real Estate Development Companies Based On Business Process Management

With the global economic development, working capital is known as “the bloodflowing” of enterprise, and its efficiency attracts a growing number of operators andinvestors.Improve the efficiency of working capital turnover, can not only accelerate thepace of development of the enterprise, but also enhance the quality of development.As apillar industry of the national economy The real estate industry ushered in newopportunities and challenges in recent years, due to the strengthen of national policyregulation, macroeconomic instability and so on. As a corporate financial managementcore, the efficiency of working capital largely affects the success or failure of real estateenterprise.The main methods used in this paper are literature research, case study analysisand normative research. Firstly, made a brief review of global scholars research statuson working capital management theory, especially in conjunction with business processmanagement, supply chain management theory. Reclassified working capital, andestablished a new working capital management performance evaluation system.Secondly, according to the particularity of the of the products and operation in realestate industry, the writer analyzed and summarized the working capital critical controlpoints in procurement processes, production processes and marketing processes. Andexplored the impact mechanisms between production business activities and workingcapital management efficiency. Thirdly made a case study of Vanke, including dataanalysis and evaluation of their management performance, summarized the majormethods and their effects on working capital management, point out we need tooptimize internal business processes and between business processes to improveworking capital management efficiency. The methods are supplier relationshipmanagement,"factory" production,"pull marketing" and so on. Finally, make somebusiness process optimization recommendations.