Research On Jinni Biological Company's Improvement Of Inventory Management

Agricultural firms are an important carrier for agricultural industrialization and an important force for promoting agricultural modernization.With the development of science and technology and the development of economic,the level of inventory management is particularly important for competitiveness of agricultural firms.They often have a lot of inventories which are widely distributed.Most of them are expendable biological assets.Their growth process takes a long time and are highly influenced by external environment.The above traits lead to uncertainties in their future value.It also causes great trouble for the inventory management of agricultural firms.Secondly,most of agricultural firms are small-scale,poor in strength and inadequate in system construction,which lesds to high risks and financing difficulties.Therefore,agricultural enterprises urgently need to improve the level of inventory management.On the one hand,it helps to control inventory costs and protect business operations.On the other hand,it improves the safety and authenticity of inventory assets which can reduce risk and attract investment,and thus accelerate the development of agricultural industrialization.This article takes Jinni Bio-Company as the research object.It's a family-run private enterprise whose main businesses are dollfish's breeding and reasch and sale of relative deep processing products.In the fiercely competitive market,with the further expansion of the scale,the weaknesses and drawbacks of inventory management hinder the further development of the company..This article studies related literatures on inventory management,and analyzes the internal and external environment of Jinni.Then introduce the status of the company's inventory managemen from three aspects,including the inventory management mode,inventory accounting method,inventory management process,and found that inventory management presents the characteristics of a large number of inventory types,high inventory costs,and low inventory generation benefits.Further analysis revealed that the enterprise inventory management had problems in the following aspects:inaccurate 'demand forecasting,loose daily management procedures and lack of inventory accounting level.Under the guidance of internal control,supply chain management and collaborative theory,this article propose four improvement advice.The first is to increase management's inventory management awareness.The second is improving inventory management internal controls.The third is taking effective inventory management techniques,including strengthening classification management,improving information management system.The fourth is using supply chain management ideas to improve inventory management model,including establishing supply chain strategic alliances,incorporating farmers into aquaculture planning,strengthening information sharing.The last is improving financial management.The sum-up of inventory management problems of Jinni is universal in agricultural enterprises.It's hoped that this paper can improve Jinni's inventory management level and give inspiration to similar firms.