| As an important part of corporate management,operating funds management not only paves the way for the implementation of various operating activities of enterprise,but also gives impetus to the improvement of utilization efficiency of capital.As a result,carrying out scientific operating funds management will be conductive to the value creation of enterprise.What is more,under the background of potential economic recession,strengthening operating funds management is a pressing matter of the moment for enterprises.Above all,as an enterprise engaging in manufacture of semiconductor,S company is facing the condition of bad performance due to industrial recession,and thus strengthening operating funds management should be hold in high esteem by itself.Among the methods of strengthening working capital management,the value chain is a relatively novel perspective,which can be extended to all aspects of the company’s production and operation according to the value chain,and better promote the optimization of the working capital management of S company.This paper pays much attention to researching operating funds management of S company from the perspective of value chain and based on utilization of various research methods such as case study and comparison method,firstly introducing the relevant concepts and theories about operating funds management,then analyzing the situation and problems of operating funds management of S company from perspectives of both internal value chain and exterior value chain,and putting forwards advice about how to solve these problems eventually.The main conclusions can be drawn as follows.Firstly,from the perspective of value chain at present there are both achievements and problems in operating funds management of S company.In particular,the achievements mainly lie in the improvement of efficiency of operating funds management in each value activity,and the problems mainly include excessive occupation of operating funds in purchasing and stock link,lower efficiency of utilization of operating funds in marketing link,insufficient utilization of funds derives from supplier and inefficient management of accounts receivable.Secondly,in order to solve these problems,S company should not only make full use of standing book,but also attach much importance to market investigation,implementation of productive mode that producing according to sales,optimization of product structure,decreasing dependency to import,strengthening supplier management,optimization of customer structure and implementation of positive credit policy. |
