Research On Inventory Management Optimization Of JZ Pharmaceutical Company

With the accelerated aging process,the improvement of people's living standard and the reform of medical insurance system,the demand for medical products increases day by day.As a populous country,China's pharmaceutical market develops rapidly.Meanwhile,medical enterprises have exposed a series of problems in business management including the weak control of inventory management.For pharmaceutical companies,the declaration of drug production quality management specification,which strictly regulates drug storage and transportation conditions,makes inventory management more difficult.The implementation of inventory management in Chinese pharmaceutical industry is generally not ideal.Most enterprises' existing methods are only suitable for the management of conventional drugs without consideration of product diversification and the actual operation needs.Therefore,how to optimize inventory management at the premise of taking full account of the operation features of enterprises,so as to improve inventory management level and remain invincible in the wave of development is a mission for all pharmaceutical enterprises.Through studying the basic theories of inventory management and analyzing the advantages and disadvantages of various inventory management methods,this paper explores the solution to the actual cases represented by JZ pharmaceutical company.By the study of the three most important aspects of the stock transfer process:procurement and payment links,warehousing and inventory management,sales and receivables links,this paper points out problems of heavy proportion of inventory in company assets,low inventory turnover rate and increasing proportion of inventory falling price reserves.Then,this paper analyzes the concrete causes of poor inventory management from the aspects of industry risk,supplier management and inventory management system.On this basis,this paper puts forward a targeted optimization scheme by establishing the risk response mechanism of inventory management,strengthening the cooperation with suppliers to implement Jointly Managed Inventory and improving the inventory management system and a guarantee proposal.This paper has the limitation of time,industry specificity and the depth of research.How to adjust inventory management measures to rapidly adapt to the market change and enterprise development is the direction of further research and discussion.