Working Capital Management Of Company Y Based On Channel View

Working capital is the "flowing blood" in the daily operation of an enterprise.Every enterprise’s production and operation cannot be separated from working capital.However,because of its liquidity,enterprises often ignore it in management,and poor management of working capital will bring the pressure of cash flow fracture.Therefore,it’s worth studying how to excavate the enterprise’s existence question of its working capital management,as well as which aspect needs to pay attention.On the basis of foreign research of working capital,domestic scholars bring in channel theory.From the view of channel,this paper classifies the working capital,combines the actual operating situation of an enterprise,and adopts an effective management method to link up each channel,so as to make each channel cooperate with each other,and ensure the smooth development of a company’s business.As a national pillar industry,traditional Chinese medicine industry not only supports the development of the national economy,but also ensures the health of the people.so it has a certain practical significance to research working capital management.Based on this,this paper selects Y Company as the research object,and calculates the current working capital management situation of Y Company by using the working capital management performance evaluation index.From the perspective of channel,the working capital turnover period of Y Company’s each channel is compared,analyzed and evaluated with the Baiyun Mountain and the average of Industry,some specific problems in Y Company’s working capital management are found: low efficiency of working capital management in financing channel,less occupation of other payables in purchasing channel and short occupation period of suppliers’ funds;The product turnover rate of production channel is low,and higher capital occupied;marketing channel cannot recover customers’ debt in timely,long inventory turnover,large inventory ratio and so on.Based on the above-mentioned problems,the paper analyzes the specific reasons for the formation of these: The management policy of working capital in financial management channel is too conservative,the management of the relationship with suppliers and customers is not good,the production mode is backward,the marketing channel is single,the credit management system is not perfect,etc… Finally,according to the analysis,combining with the actual capacity and development goal of Y Company,a series of improvement schemes of working capital management are put forward.