Research On The Management Of Working Capital Of JF Based On Value Chain

With the acceleration of the globalization process,the competitive environment faced by Chinese enterprises has undergone fundamental changes.How to achieve sustainable development in such a competitive environment is a problem that enterprises should pay attention to.At present,more and more enterprises apply value chain management to enterprise management.Working capital is an important factor that runs through the entire value chain activities.The management efficiency of working capital has an important impact on the overall management level of the enterprise.Therefore,enterprises should Gradually strengthen the management of working capital.Traditional research on working capital management is limited to the optimization of individual projects.Such research methods lack integrity and cannot guarantee the increase of corporate value at the enterprise level.With the advancement of society,more and more scholars have begun to strengthen research on working capital from the enterprise level,and gradually apply the value chain idea to the management of corporate working capital.Based on the value chain,this paper conducts an in-depth study on the management of working capital in all aspects of JF's value chain.The first part of the article expounds the research background and significance of this paper,and combs the existing literature at home and abroad,and establishes the research direction of this paper.The second part defines the working capital and value chain,and expounds the characteristics of working capital and value chain,which provides a theoretical basis for the following research.Based on the JF company's annual report data,the third part of this paper deeply analyzes the problems in the management of working capital in each link of JF's value chain,including:raw material and product backlog,poor product competitiveness,single sales model,accounts receivable.Poor management,etc.The fourth part of the article proposes optimization strategies for the problems existing in JF's working capital management,including establishing VMI inventory management mode,strengthening current account management,reducing production by sales,establishing B2B sales model,and achieving financial integration.In order to improve the efficiency of working capital management in the enterprise value chain,increase operating profit,and ultimately achieve the purpose of increasing corporate value.The fifth part is a summary of the full text and points out the shortcomings of this article...