Research On Working Capital Management Of H Company From The Pe Rspective Of Factors And Channels

A complete working capital management system can not only ensure the capital operation of enterprises in production and operation activities,but also improve the market competitiveness of enterprises and stabilize their market position.Although the analysis mode from the perspective of traditional elements is simple and clear,and can accurately grasp the three "points" of working capital management,such as accounts receivable,inventory and accounts payable,there are serious fragmentation and contradiction among them.The current channel perspective is based on the working capital of operating activities,procurement,production and marketing channels,to integrate the various "points" of working capital management elements,series as the "lines" required by various business activities,and rectify the deficiencies under the perspective of elements.After the integration of factor perspective and channel perspective,the transformation from "line" to "plane" is accelerated,and the real situation of enterprise working capital management is reflected through horizontal and vertical sections.The H company studied in this paper is a large textile and garment manufacturing enterprise with the production mode of the whole industry chain mainly covering cotton,spinning,weaving,printing and dyeing,clothing and clothing retail.In order to meet the requirements of precision manufacturing,green manufacturing and intelligent manufacturing in the textile industry,H Company constantly improves its management level and quality.This paper analyzes the autocorrelation theory,respectively expounds the classification of working capital management from the perspective of factors and channels,performance evaluation system and their advantages and disadvantages.Theory through H after the company’s operating funds management present situation analysis,from the perspective of factors and channels,respectively in detail about the present situation of working capital management,and with a double perspective analysis of H company marketing channel of working capital turnover period is too long,low level of inventory management,procurement channels poor control and the problem of shortage of working capital management consciousness.Finally,from the combination of elements and channels to start with the accounts receivable control,inventory management,supplier relationship and working capital management system maintenance of the corresponding improvement suggestions.In this paper,the organic combination of factor perspective and channel perspective satisfies the enterprise working capital management model in theory and puts forward a more flexible thinking path.In its practical operation,it puts forward some suggestions on the working capital management of H company.H company’s working capital management problems,relatively speaking,has its own unique,but also reflects the common industry,it is expected that this article can provide some ideas and solutions for other similar enterprises to solve the working capital management problems...