| The production and operation of an enterprise are inseparable from working capital,and its status should not be underestimated.And its amount and turnover will directly affect the operating profit of the enterprise.In practice,there have been cases of companies going bankrupt due to poor working capital management,so companies must pay attention to working capital management.Excellent management levels can help companies avoid debt crises,improve their profitability and enhance their credit.Manufacturing is one of the main supporting industries in my country and significantly impacts the national economy.Although China has been developing the manufacturing industry for many years,the overall level is still slightly inferior to that of Western European and American countries.At present,the Chinese traditional manufacturing industry is facing transformation and upgrading,and the market is full of competition.Therefore,improving the management level of working capital will help companies stabilize their market position and improve profitability.Then this paper selects Hunan manufacturing enterprise——W Company as the research object.W Company is an electric energy meter production company,which has been established for more than 20 years.First of all,this paper briefly explains the research background and research significance.At the same time,I read relevant domestic and foreign research articles to supplement the research direction.Then the idea of??the supply chain is added to the traditional working capital management theory.Then evaluate the management level with performance indicators of working capital management.By analyzing the operating status and working capital scale of the W company,we have a general understanding of the company’s profitability and then analyze W company’s supply chain.Including the current situation of working capital in the three links of procurement,production,and sales.In addition to analyzing the present condition of supplier management and customer management.Using performance indicators to evaluate the management level of the supply chain.Then found some management problems existing in W Company’s supply chain and analyzed the reasons.Finally,the optimization suggestions were put forward according to the problems found.In the procurement link,attention should be paid to the maintenance of supplier relationships and the construction of a new supplier evaluation system.Formulate other receivables management systems in the production link,and the financial center is responsible for implementation.And implement an interactive R&D approach and build an information-sharing platform.In the sales link,it is necessary to formulate customer credit rating policies,expand business channels and develop accounts receivable pledge financing model.This paper introduces the idea of the supply chain concept when studying the working capital management of W company,hoping to provide the company with suggestions for improving management from the business level,improving the company’s working capital management level,enhancing profitability,and expanding revenue scale,and can also provide other services.It provides a certain reference for the same type of companies to improve their working capital management level. |
