Inventory Management Research Of A Company

In recent years,China's economic growth becomes slowly.Affected by the transformation and upgrading trend of manufacturing industry,the profits of traditional manufacturing industry are going down yearly,which requires the company to improve its operating capacity to reduce costs and keep competitiveness.As a U.S-funded electronic manufacturing service enterprise for terminal electronic products in China,Company A is facing increasingly fierce challenges in labor cost,logistics cost,raw material cost and other aspects,and urgently needs to reduce relevant costs to adapt to the development of the industry.Among of them,raw material inventory cost accounts for about 70% of the total cost,so inventory management becomes important specially.The quality of inventory management directly affects the profitability of the company,and even determines the survival of the company to a certain extent.This thesis takes company A as the research object and analyzes the current situation,existing problems,countermeasures,and safeguard measures from the perspective of inventory management.Firstly,the status of raw material inventory management in company A is analyzed,and the main problems in company A's inventory management are pointed out in three aspects.They are high dull material stock,high minimum purchase order quantity and slow inventory turnover rate.Secondly,through the status quo,the main reasons are analyzed for its existence.Thirdly,the optimization method of company A's inventory management is studied from the perspective of actual inventory management operation and theoretical knowledge.Finally,inventory control is taken as a breakthrough.Through the implementation of specific programs,the sluggish inventory reduction optimization program,excess inventory reduction optimization program due to minimum order quantity and the shorten of supply cycle time for raw materials are executed.By analyzing the difference between the actual financial effect and the target effect,the effectiveness of the program implementation is verified.The research results of A company's raw material inventory management can also provide useful reference for other similar manufacturing enterprises to optimize their inventory management.