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Study On Inventory Management Of SY Co.Ltd.

Posted on:2019-06-07Degree:MasterType:Thesis
Country:ChinaCandidate:G L LiuFull Text:PDF
GTID:2429330548463813Subject:Accounting
Abstract/Summary:
With the development strategy of One Belt And One Road,enterprises are actively expanding overseas,which brings huge development opportunities to China's manufacturing enterprises,as well as unprecedented challenges.It is necessary for our company to keep improving that quality of product,level of management,awareness of service so as to meet the requirement of the customer and increase the market share.It also continuously control that cost of enterprises and increase the profitability of enterprises.At present,some enterprises in our country still do not adopt modern management methods,and the inventory cost control is not strictly controlled,so too high inventory of finished goods and raw materials are often found,it can result in too much capital cost,which can affect the overall operation capacity of the enterprise.The management of modern enterprises is gradually becoming comprehensive and refined,and inventory management is an important component in the management of the whole enterprise.For the engineering machinery manufacturing industry,the inventory is connected with the research and development,production,sales,service and other contents of the enterprise.Facing the fierce market competition,the company reserves the right high-quality finished products and the raw materials with generality is an important guarantee for the survival of the enterprise.Secondly,the enterprise inventory is very closely linked with the operating cash flow,will influence the enterprise managers management decisions.In order to improve the operation management level of the enterprise,the inventory management SYstem which is suitable for the development of this enterprise is being gradually paid attention to by the company management.The research object is set to be a representative SY co,LTD in the engineering machinery manufacturing industry.Through the existence of some conditions in the inventory management process discovered during the practice of the company,the reason of the phenomenon is caused by the lack of scientific internal control environment,the lack of the management awareness of the risk management of thestaff,the lack of the quality of the enterprise informatization construction,etc.,which causes the problems of irrational procurement process,the failure of the warehouse personnel to perform the duties,and the lack of information communication with the suppliers and agents,etc.After analyzing the current situation and its reasons,this paper puts forward some suggestions on improving the inventory management of SY co,LTD from several aspects,such as optimization of inventory procurement,optimization of storage links,optimization of delivery links,budgeting management and establishment of inventory information platform.And by establishing a specialized inventory department,establishing a system for the responsibilities and power of all the jobs and the people who have the right to build a scientific system to strengthen the safety of the inventory management.It is hoped that this company can help the company establish a feasible inventory management system,optimize internal control process and reduce inventory cost,and provide some useful experience for the inventory management in the construction machinery manufacturing industry.
Keywords/Search Tags:inventory, internal control, inventory cost, engineering machinery manufacturing industry
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