Research On Working Capital M Anagement Basing On Channel Management

Automobile manufacturing industry is an important symbol of the development of modern industry.After experiencing the imitation of foreign brands in the era of fuel-efficient vehicles,China’s automobile manufacturing industry is facing a new situation.In the "Made in China 2025" issued by the State Council,it is pointed out that energy saving and new energy vehicles are the key directions for the development of the automobile industry in the future.This is not only an opportunity for auto companies to overtake corners,but also a large amount of capital is required for the replacement of new energy vehicles and fuel-efficient vehicles.This is a new challenge for the management of the working capital of enterprises.For enterprises,the quality of management of working capital determines the survival of the company.Strengthening the management of working capital is of great significance to the enterprise.On the one hand,it can ensure that the funds needed to maintain the normal production and business activities of the enterprise are within the controllable range.On the other hand,it can also enhance the liqLuidity of working capital and reduce the The use of cost provides space for improving the profitability of the company.Most of the existing research results are based on factors,and they are simply studied from the perspective of individual working capital,while ignoring the relationship between the business process of enterprises and the management of working capital of enterprises.With the development of related theories and the intensification of research,research based on channel management tends to combine traditional management of working capital with the business process of the company to conduct research.This will,to a large extent,provide the possibility to enhance the level of management of working capitalThis paper first sorts out the existing research results at home and abroad Secondly,it explains the theory of working capital management based on channel management.After that,taking the domestic independent automobile brand B company as the example,after analyzing the working capital allocation and the efficiency of the working capital management basing on channel management of the B company from 2012 to 2016,the author find the defeats of the current management mode:(1)Ignore the relationship with the supplier;(2)Production channel funds turnover slow;(3)A large number of accounts receivable brings financial risk,give suggestions to improve current situation:(1)Build strategic partnerships with suppliers;(2)Optimize production processes;(3)Perfect accounts receivable management system and raise the level of working capital management of B Company.This paper uses theoretical research and case analysis,in order to be able to provide some reference for automobile manufacturing enterprises in the actual operation,and provide a useful reference for the management of working capital of similar enterprises.