Research On Optimization Of Internal Control Of Procurement And Payment In S Company

With the continuous development of China's market economy,it has vigorously promoted the rapid development of all walks of life in China,especially the manufacturing industry in China has made great progress,with complete manufacturing categories,rapid improvement of manufacturing quality and level,and the manufacturing capacity and level in China has also been favored by the whole world.However,in recent years,with the rise of the anti-globalization trend in the United States,it has brought a bad impact on the global trade economy,and also bring about a significant trend of rising costs and falling profits in the real economy of China's manufacturing industry,which has seriously affected the global influence and competitiveness of China's manufacturing industry.In the face of the increasingly complex and fierce global market competition environment,how to effectively reduce the cost of manufacturing industry in order to improve profits,so as to make the manufacturing enterprises to survive has become an urgent problem.The cost source of manufacturing industry lies in the procurement cost,which accounts for a large proportion in the enterprise cost.Therefore,the key to reduce the procurement cost depends on the effect of internal control management in the procurement and accounts payable management cycle.If there are major defects in the internal control of the procurement and payment cycle,the economic benefits and long-term development of the enterprise will be affected.The internal control effect of purchase and accounts payable often determines the purchase cost of a company.How to optimize the internal control business process of purchase and accounts payable has become the key to reduce the cost of manufacturing enterprises.This paper takes as company as an example to study the optimization of internal control of purchase and payment cycle.Firstly,it introduces the research background and significance of S company's internal control of procurement and payment cycle,and the research status of internal control of procurement and payment cycle at home and abroad.Secondly,it expounds the related concepts and theoretical basis of internal control of purchase and payment cycle.Thirdly,it analyzes the current situation,defects and causes of internal control of S company's purchase and payment cycle.Finally,the paper puts forward the optimization measures of internal control of S company's purchase and payment cycle.