Reserch On Working Capital Manage Ment Of X Pharmaceutical Company From Supply Chain Perspective

Working capital as an important fund for business operations is the lifeblood of the success or failure of a company.The level of working capital management not only affects the business activities of the company,but also affects the fundraising and investment activities of the company.With the continuous advancement of globalization and the rapid development of the consumer market,the pharmaceutical industry,as an important civilian production industry,has great potential for industrial development,a wide range of industries,and a long industrial chain,and is gradually integrated with internationalization.From a global perspective,the pharmaceutical industry in developed countries such as Europe,the United States and Japan has provided us with rich experience,and capital will be deeply and benignly interacted.From an industrial perspective,the pharmaceutical industry has a long chain and the process of commercialization of results is all right.The effectiveness of working capital management raises higher requirements.With the ever-changing demand in the pharmaceutical consumer market and the intensified homogenous competition,a large number of enterprises that have been eliminated due to poor management of working capital have emerged,which further reflects the importance and necessity of strengthening the management of working capital.However,the traditional working capital management model can no longer meet the needs of enterprise development.The new research on working capital management from the perspective of supply chain and the maximum improvement of working capital management level have become the focus of scholars.Based on the perspective of supply chain,this paper studies how to manage working capital,proposes how to rationally allocate existing resources of the enterprise,and promotes the preservation and appreciation of capital to achieve the optimal integration of enterprises,so as to maximize the value of the enterprise.This paper analyzes the capital structure of X Pharmaceutical Company and comprehensively applies various analysis methods to systematically explain how the company manages working capital from the perspective of supply chain.Firstly,the research literatures of domestic and foreign scholars are reviewed.The related theories of supply chain,working capital and supply chain management are expounded.The traditional and supply chain management model based on supply chain perspective is compared and analyzed.Based on “ supply chain ” New theoretical frameworks such as “ management ” and “ customer relationship management” use scientific analytical tools to analyze and reclassify working capital.Secondly,it analyzes the internal structure of the liquid assets of X Pharmaceutical Company and points out the shortcomings of the company's working capital management.Based on this,the company reclassifies the working capital of the company according to the supply chain link,and analyzes a large amount of data to explain the company's perspective in the supply chain.The current status of working capital management.Finally,try to combine the actual situation of the company and propose improvement suggestions.I hope that through the research of this paper,it can help the company to optimize the quality of working capital management and increase the efficiency of enterprises.At the same time,it also hopes to provide some reference theory for other homogeneous units.Promote the common development of the industry.