Product Inventory Control Of Food Company A

With the development of the times, the food consumption is more and more important in people’s life. Therefore, the social require the food industry to provide customers goods with high quality, diversity, reasonable prices, better service and so on. Based on the above requirements, food production enterprises’position is increasingly high. Inventory control in food production enterprises in the status of a pivotal. Food enterprises still have many problems in the inventory management. On the one hand, the stock is occupied by a large amount of capital, which leads to the capital turnover rate is too slow, and the inventory cost is high. On the other hand, the shortage of partial products or raw materials directly reduces the customer’s order fulfillment rate.This paper will study the finished product inventory control of company A, which the inventory in the distribution center and inventory in transit. This paper took a depth investigation of enterprise A. Make a elaboration on the status of sales orders to find the problem of low fulfillment rate of finished goods inventory. Make a elaboration on the status of the products’inventory control of company A including the basic situation of the enterprise, the circulation route of the finished product and the current situation of the finished product inventory. it is easy to find that there is unreasonable inventory structure and the inventory strategy is untargeted in the company. Furthermore, sales forecast accuracy is not high to match actual sales. Eventually, this paper puts forward the method to improve inventory control. Firstly, using the ABC Classification method and Kraljic Matrix to classify 20 kinds of products and take inventory strategies targeted. And set up the safety stock to each inventory strategy. And then improves the accuracy of sales forecast by using the scientific time series forecasting model. Furthermore, improve the accuracy of production and replenishment..