Research On Yili's Working Capital Management From The OPM Strategy Perspective

Working capital plays a strong role in the process of establishing enterprises to developing to day-to-day operations,which is the basis of enterprise development.If working capital management is poor,there will be a break in the capital chain,affecting the sustainable development of enterprises.Therefore,in order to obtain sufficient funds to maintain the day-to-day operation of the enterprise needs to strengthen the management of working capital.Traditional working capital management is the analysis and management of internal and simple projects.However,this method is too simple,but also ignores the upstream and downstream cooperation,with the development of economy and the expansion of enterprise scale,this method can not meet the needs of enterprises for working capital management.In recent years,the industry has proposed a new working capital management method,OPM strategy,which enhances the bargaining power of enterprises by occupying upstream and downstream resources,improves the working capital turnover efficiency,and obtains more adequate working capital to meet the needs of enterprises.Taking OPM strategy as the starting point,the paper studies the working capital management of enterprises based on factors and channels by reading a large number of literature,supported by the relevant theories of OPM strategy,working capital and channel management,and using Yili Co.,Ltd.as a case study object.On the basis of reading the relevant literature,the paper first expounds the background,purpose and significance of the selection of topics,literature review,research content and methods,secondly,from the industry and the enterprise itself to analyze Yili Co.,Ltd.,and secondly,based on the internal structure of the enterprise,elements,channels,the status quo of the enterprise,but from the enterprise itself can not find obvious problems,so it is necessary to compare the relevant indicators of enterprise working capital management research with other enterprises.Then it is found that the enterprise has the following problems,namely,low accounts receivable turnover days,slow inventory turnover,low efficiency of procurement channels,weak management of production links,and finally,the reason analysis and suggestions are made,such as optimizing accounts receivable management,establishing supplier inventory management model,supplier classification management and standard transaction management.