E Company Inventory Management And Optimization Research

In today's rapid economic development,competition of market is no longer just a simple competition between related enterprises,but also a competition of the supply chain.Enterprises not only need to meet the diverse needs of customers,but also need to face challenges of rapid delivery.In order to adapt to rapidly changing market.environment,Companies need certain amount of inventory,so that can meet the diverse needs of customers,but also need to avoid the situation of slack material,because optimal stock make the lowest cost for company.So the optimized stock is the key to the sustainable development.E company mainly produces heavy-duty vehicles wheels,it's a fast-growing company,The main business of E company is the production orders,it's products exported to the world.Especially,in recent years,the number of orders increased,production accelerate,the variety of materials increased,but the inventory management is still in some old,poor inventory management method,Currently leading to inventory turnover slowly,low order fulfillment,inventory backlog and other issues.These problems have affect the normal operation of the enterprise,So maintain a proper inventory levels can both ensure the minimum number of stocks and reduce changes in raw material inventory that caused by the temporary change of customer Orders.Order on time delivery is important to the company.This article describes profiles and business processes of E company,and points out the inventory of problems of the company,such as high inventory costs,lower inventory turns,uneven distribution of raw materials,more stock issue.This article also analysis problems of E company.Such as demand forecasting is not detailed enough,classification and inventory control methods is not perfect,internal assessment indicators inappropriate,frequent order modification and lack of control,poor procurement management,etc,and classify prediction methods.This paper use the ABC classification to control inventory and introduce the concept of comprehensive inventory management and lean production theory.This article used qualitative methods to introduce stock tactics,such as improved inventory management optimization of the overall,department cooperation and the establishment of mechanisms for information sharing,improving the internal processes and process change orders,strengthening supplier management.In the last part of the paper,summaries optimize inventory levels of E company.This paper proposes the corresponding improvement measures,it has a positive practical significance for improving the company's inventory management,and it is useful to similar enterprises.