The Research On Y Machinery Manufacturing Corporation’s Improvement In Internal Control System Of Inventory

Internal control is an important part of the management of an enterprise’s survival and development process,which is conducive to promoting the safety and integrity of corporate assets and improving the efficiency and effectiveness of business operations.The establishment and effective implementation of scientific and rigorous internal control systems can not only reduce the risk of fraud,reduce the possibility of asset infringement and inefficiency,but also reduce losses and waste,and maximize the efficiency and effectiveness of business operations,with a view to effectively improving corporate Competitiveness.The Y mechanical manufacturing company studied in this article belongs to the equipment manufacturing industry in terms of industry type.This industry plays a fundamental support role in the development of the entire national economy,can provide equipment for the country’s industrial construction,and enriches the country’s infrastructure facilities.As the main line,the nature of inventory is rather special and the technology is complex.The internal control of inventory has both theoretical and practical significance for the improvement of the operation of enterprises in the industry.Using the literature analysis method,this article uses the theory of control theory,information theory,and trust generation theory as the theoretical basis.It combines qualitative analysis with quantitative analysis.It systematically analyzes the current status of internal control of Y company’s inventory,and makes corresponding industry comparison analysis and combines with ancillary questionnaire surveys.It was found that in the day-to-day operations,Company Y’s inventory internal control process was not standardized and had poor implementation results,which had an adverse effect on the efficiency and effectiveness of the company’s operations,and conducted a reason analysis.First of all,starting from the five elements of internal control,Y has made clear the direction for improving the internal control of inventory.Secondly,according to the specific internal control rules of the enterprise,the circulation of inventory in the company is divided into four major problems(including requisition and procurement,acceptance and storage,requisition and issuance,inventory and disposal),and the problems existed in the internal control of the company.Standardized and incompatible job separation,authorization approval and other control methods improve the company’s inventory internal control process and define key control measures.Thirdly,in response to the Y company’s problems,it put forward suggestions for improvement such as strengthening procurement management,supplier management,establishing a two-dimensional code scanning system,and establishing a waste price recognition mechanism.In addition,for the issues outside of the internal control flow of inventory,proposals were made for engineering settlement risk management and establishment of an internal control environment evaluation index system.