Study On Purchasing Management Of N Corporation

With the recession of the coal market in recent years, the total amount of money-losing firms in coal market has increased, it still needs more time to achieve the balance between supply and demand of coal products. The increase of coal stock, decrease of demand of coal and shipping price make the price of coal lack the upward momentum, which led the price of raw coal to keep going low, with the price war among coal enterprises becoming acute. From this view, how to raise the relative price by holding down the purchasing cost is regarded as the important task related to whether the enterprise can get out of the trouble from sluggish market. Procurement chain is regarded as the important chain in firm development.As the superior key enterprise in NingXia Hui Autonomous Region, N company is founded in December,2012, with the registered capital of ten billion and thirty million yuan. By the end of 2015, total assets have passed 11.1 billion. The scope of business includes washing coal mining industry, coal chemical industry, deep processing and comprehensive utilization of coal, power generation, real estate, machinery manufacturing and maintenance. It’s the main force to build the Ningdong energy sources and chemical industry base.Purchasing management relates to series of purchasing chains from issuing plans to procurement settlement. In the low industry situation, decreasing the inventory quantity and reserve fund occupancy is the key point of purchasing management. The application of program management, human resources management, supplier management can assure the scientificalness of purchasing to reduce purchase cost and improve purchasing quality, which plays an important role in decreasing the inventory quantity and reserve fund occupancy.This paper aims to apply the theories of procurement management to analysis the status of purchasing process, supplier management, reserve fund control, and tend to analyze corresponding optimization strategy according to the actual situation of N company. This paper puts forward the optimization strategies, and provides new ideas for procurement management in coal chemical project of coal enterprises.