Research On Working Capital Management Of Hengshun Vinegar Industry From The Perspective Of Supply Chain

The management efficiency of working capital is an important factor influencing the business development status of enterprises.With the economic globalization and the continuous advancement of Internet technology,more and more companies realize that it is not enough to analyze working capital from the perspective of a single factor.Meet the requirements of current enterprise development,so as to transfer working capital analysis to the perspective of the overall process of the enterprise,in order to find solutions.From the perspective of the supply chain,the company's working capital management is to penetrate the working capital management ideas into the supply chain's business processes,fully consider the interaction between different elements,and emphasize the unity and coordination of the overall link.Improving the level of working capital management and promoting the sustainable development of enterprises has created new management ideas.The condiment industry has developed rapidly in recent years,with a large total market but poor concentration.In order to achieve faster and better development under the new economic development situation,it is particularly important to strengthen and improve working capital management.This article takes the Hengshun vinegar industry as an example and takes the supply chain perspective as the starting point.Starting from the three links of procurement,production and sales,based on the literature research,the financial indicator analysis method is integrated into the case study Compared with the industry average,Hengshun Vinegar Industry has conducted in-depth research on working capital management based on a supply chain perspective,and has achieved a breakthrough in contradictions between the results of single factor research.Through the research,it is found that the working capital management of Hengshun Vinegar Industry is superior to the industry leading companies and the average level in the procurement process.The main reason is that the amount of accounts payable is large,that is,it takes up a large amount of the suppliers' funds.The working capital management level of the production link is similar to the industry,but the stability is poor.The turnover of funds in the sales process is slow,and there are large amounts of accounts receivable and bad debts.The reasons for the above problems are due to the weak supply chain management awareness of Hengshun Vinegar Industry,the imperfect working capital management system,the serious regionalization of sales,and the poor operation of the supply chain management platform.Based on this,this article puts forward specific suggestions for the working capital management of Hengshun Vinegar Industry from the perspective of the supply chain,with a view to improving its working capital management capabilities,and truly serving the purpose of reducing costs and increasing efficiency.Enterprises provide reference.