Research On The Working Capital Management Of Company F Based On Value Chain

With the rapid development of today’s society,the focus of corporate financial work is not limited to accounting processing and indicator analysis,but more tendency to management.In order to make decisions more scientific and reasonable,management gradually realizes the critical of working capital management.Working capital runs through the daily business activities of a company and is the lifeblood of the company.Therefore,for companies,lack of working capital makes it difficult for the company to operate normally,and it will encounter the phenomenon of capital interruption at any time,and there is a greater financial risk.At this stage,domestic and foreign scholars have relatively mature research on working capital management,and they propose to integrate value chain ideas into it.The combination of the two not only breaks the traditional concept,but also reorganizes the business activities of internal and external value chains,which is conducive to corporate discovery.Its own advantages and disadvantages will help to improve the solvency and capital operation efficiency of the enterprise in an all-round way,so that the enterprise has the core competitiveness.This paper selects high-tech manufacturing company F,which has the characteristics of large capital demand,long development cycle,and more capital occupation,as the research object.Compared with other industries,the high-tech manufacturing industry has greater pressure on working capital.Therefore,maintain sufficient operations Funding is particularly important.This article uses the value chain as the theory to explore the working capital management of company F.The entire value chain is divided into three parts: the supplier value chain,the internal value chain,and the customer value chain,respectively corresponding to the procurement business,production business,and sales business,and analyze the value From the perspective of the chain,the problem of company F’s working capital management is highlighted.For example,in the upstream supplier value chain,company F adopts the method of using supplier funds for a long time to reduce the pressure on its own working capital turnover,which seriously affects its own reputation;the production business in the internal value chain takes up less working capital,and there is a financial risk of breaking the capital chain;downstream customer value chain occupies a lot of working capital,accounts receivable account for a relatively large proportion of problems,prescribe the right remedy,propose optimization measures and safeguard measures,and finally achieve the goal of maximizing value.