Research On The Implementation Of The Model Of Vendor Consignment Inventory Management In YK Company

Inventory management is a very important part of enterprise management and an important method of balancing between supply and demand.With the increasingly fierce competition and the diversification and individualization of market demand,more and more enterprises begin to attach importance to inventory management.Inventory management is having significant changes in the way of operation.The industrial chain continues to extend downstream and upward,the covered functions and contents are becoming more and more specialized,lean,intensive and modern are almost inevitable trends.With the development of advanced management concepts such as supply chain,the inventory control method based on supply chain can theoretically solve many problems that can not be solved by traditional inventory management methods from the point of view of the whole supply chain management,so it is given attention by many supply chain node enterprises,especially manufacturing enterprises.In some practical cases,this vendor managed inventory model has been verified in improving the efficiency of logistics activities,bringing realistic economic benefits to enterprises and reducing the overall operation cost of supply chain.Based on the understanding of the research status of vendor managed inventory and consignment inventory management at home and abroad,this paper studies the theory of supply chain management,supply chain inventory management and vendor consignment inventory management,and takes YK Company as a case to apply the vendor consignment inventory management model in practice.As a typical manufacturing enterprise,YK company has been frustrated by the problems caused by traditional inventory management such as high inventory index,huge occupation of funds,long L/T and low operation efficiency.Under this background,YK company is bound to introduce a new inventory method.This paper totally contains three aspects,firstly,analyze the existing inventory problems and find the root causes,then analyze the necessities of performing vendor managed consignment stock under the conditions of current inventory and state the feasibility of consignments stock from YK’s position in supplier chain,the relationship between suppliers and discourse power.Secondly,summarize YK’s consignment stock model,analyzing the organization chart and management goals.Thirdly,analyze the data changes from purchasing management,inventory management and payment to verify the effects of performing consignment stock.In the end of this paper,get conclusion of performing consignment stock and analyze the inadequacies during carrying out this method.