Research On The Management Of Working Capital In Jiangzhong Pharmaceutical Based On Channel Management

Faced with the intricate economic situation and the increasingly fierce market competition,companies need to do everything possible to find a way out.The operation of working capital is largely to maintain the enterprises survival and development,however,with the market globalization changing,they need for more better scientific and rational working capital management to insure the corporate under protection.This paper analysis the working capital management which is from the point of view about channel management and taking the modern enterprise and market economy adaptability into account also explore the working capital management model.Taking the channel management into the working capital management that makes the enterprises' financial management and business activities linked to the business process and funds management are more comprehensive and complete.From the channels of procurement,production and marketing,respectively,it can enhance the value of the enterprise that to optimize the working capital management and drive the overall management efficient the management.Taking Jiangzhong pharmaceutical as an example,this paper realizes the management of working capital application of channel management based on.At first,this paper introduces the background and significance of the topic and the current situation which is contain the theoretical basis of the working capital management at home and abroad.Through the analysis of the status quo and imperfection the working capital management in Jiangzhong pharmaceutical,it points out that the working capital management based on channel management is necessary with the current management in this pharmaceutical' current working capital.According to the characteristics of Jiangzhong pharmaceutical,I re-division business in working funds,analysis of its performance,more in-depth study of the issue in working funds management and find out the reasons,upon the reasons put forward countermeasures.Through the study,the following conclusions are drawn: First,Jiangzhong pharmaceutical's current working capital management concept is backward,it is necessary to introduce the management fund management based on channel management as soon as possible to change the situation of worrying working capital management.Second,Jiangzhong pharmaceutical should seize the main contradiction of things,in view of the production channel working capital management progress performance,increase procurement channels and marketing channels of working capital management.Thirdly,after analyzing the working capital management of Jiangzhong pharmaceutical based on channel management,the following countermeasures are given: establish the idea of working capital management based on channel management,perfect the construction of channel relationship,optimize the channel process management,formulate the appropriate system and policy.The research on working capital management based on channel management is a great significance to broaden the management in working capital.This new idea can break the traditional way of thinking and help Jiangzhong pharmaceutical to improve their working capital management.The conclusions that drawn from the study are applicable to enterprises in the pharmaceutical and biotechnology industries or similar enterprises in the manufacturing industry,hoping to provide reference for more enterprises in the future.