| In recent years,the pressure of international market competition has increased and the global economic pattern has changed greatly,which has led to the slowdown of global economic growth and the downward trend of the economy.At the same time,the progress of science and technology so does the development of the Internet have made a tremendous impact on many industries.Enterprise environment is becoming more and more complex,which makes all walks of life face transformation crisis.On the road of transformation,many enterprises have exposed many management problems due to market competition pressure and their own abilities,among which the inventory management problem is particularly prominent.Generally speaking,if the inventory management is inappropriate,leading to excessive or low inventory will bring adverse effects to enterprises,and reflected from the financial efficiency index.Therefore,the level of inventory has become an important factor to measure the business performance of enterprises,directly reflecting the business situation of enterprises,affecting financial efficiency,and restricting the further development of enterprises.The analysis of inventory management and its impact on financial efficiency is conducive to improving inventory management level,improving business performance and promoting long-term development of enterprises.At present,scholars at home and abroad have done a lot of research on inventory management and financial efficiency,but mostly based on inventory turnover rate and days of inventory turnover to evaluate the operating capacity of enterprises,not combined with other financial efficiency indicators to analyze the impact of inventory management on the profitability,solvency and growth capacity of enterprises.Therefore,starting from specific cases,this paper studies its inventory management ability,deeply analyses the impact of high inventory on enterprise efficiency,and evaluates the enterprise’s operating performance from multiple perspectives,so as to highlight the importance and indispensability of inventory management to enterprise finance.Clothing,food,housing,and clothing rank first.People’s demand for clothing is the strongest driving force for China’s garment industry to flourish.The clothing industry has also become an important part of the traditional pillar industry and promotes the development of the national economy.However,the clothing industry is also the most stressful inventory pressure.In recent years,with the spread and development of online trading,people no longer have a single channel to buy clothing,which has a great impact on the sales and inventory of the clothing industry.According to statistics,the total inventory of Listed Companies in the apparel industry can be said to be a straight upward trend.Nowadays,people’s requirement for clothing is no longer a shade,but more to show their own personality and unique charm.The efficacy of clothing has become the past,and today’s clothing has developed into a trend of diversification.However,many apparel enterprises fall into the predicament of high inventory pressure.Some small enterprises are unable to meet the rapidly changing market demand and digest huge inventories,which seriously affects their financial situation and makes their operation more and more difficult.Finally,they are even eliminated by the market.Metersbonwe Fashion and Accessories was established early,once a leading enterprise in the garment industry,but now its financial efficiency is seriously affected by the high inventory problem,and its operation is difficult.Therefore,this paper chooses Metersbonwe Fashion and Accessories as the research object,which is very representative,and provides feasible reference for improving the high inventory of Metersbonwe Fashion and Accessories itself and other apparel enterprises and improving financial efficiency.Based on case analysis,literature analysis and quantitative analysis,combined with a large number of domestic and foreign scholars’ relevant literature,this paper discusses the content,significance and relationship between enterprise inventory management and financial efficiency,and discusses the theoretical basis of inventory management from supply chain management theory,internal control theory,economic cycle theory and capital cycle theory respectively.Analysis of the causes of high inventory in enterprises.Then starting with the specific case of American clothing,based on the detailed quantitative analysis of the financial statements with real data,this paper analyzes the financial data of American clothing in recent years from the perspective of inventory management,and the specific impact of high inventory on financial efficiency.This paper is divided into five chapters to discuss: Chapter 1 puts forward the background and significance of the research,introduces the current situation of domestic and foreign research on high inventory and financial efficiency and the research methods and ideas of related papers,and constructs the basic organizational framework of the paper;Chapter 2 introduces the relevant theoretical knowledge of inventory management,focusing on the basic concepts of inventory management and the current triggers.Chapter 3 introduces the basic situation of American clothing from specific cases,and then deeply studies the causes of the problem of high inventory of American clothing.Chapter 4 is the focus of this paper.It analyses the financial efficiency index of American clothing high inventory enterprises from the aspects of profitability,solvency,operation ability and growth ability.The fifth chapter puts forward corresponding suggestions and optimization measures for the high stock of American clothing.The main shortcomings of this paper are that the use of individual financial indicators to represent financial efficiency has certain limitations,and the analysis of the relationship between the inventory management and financial efficiency of Metersbonwe Fashion and Accessories is not deep enough. |
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