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Research On The Optimization Of X Company’s Inventory Cost Management From The Perspective Of Value Chain

Posted on:2024-02-15Degree:MasterType:Thesis
Country:ChinaCandidate:Y F ZhangFull Text:PDF
GTID:2569307097963989Subject:Accounting master
Abstract/Summary:
At this stage,people’s living standards are improving day by day,the level of science and technology is improving,and the business model of enterprises is also upgrading.In order to get more profits,the main ways are:first,to increase market share,and second,to reduce costs.However,looking at the whole clothing industry,more and more enterprises are pouring in and the market tends to be saturated.It seems that it is not advisable to gain more market share to enhance the market position.On the other hand,"cost saving" is relatively better controlled,and enterprises can control expenditures from the root causes to ensure longer-term interests and development.At present,the inventory problems of clothing industry and FMCG brands are the most obvious.Inventory control is closely related to the proportion of current assets and turnover rate,and inventory backlog will directly increase the cost.Under the condition of ensuring no shortage,effective inventory cost management can promote the full use of funds and realize profit creation.Influenced by trends,seasonal changes,personalized customer demand and other variables,enterprises are faced with the challenges of accurate demand forecasting,perfect purchasing plan and comprehensive inventory planning,and the relationship between upstream and downstream is becoming more and more complicated,which is extremely unfavorable for enterprises to create value and realize profits.From the value chain level,this paper analyzes the current situation of low inventory turnover rate and high cost of company X:from the internal value chain point of view,because of the inaccurate calculation of consumer demand,unscientific procurement plan and incomplete inventory classification management system,company X has caused serious inventory unsalable and warehouse pressure;From the perspective of external value chain,the above problems caused by the fluctuation of goods purchase price,poor stability of upstream suppliers,delayed delivery date and limited resale replenishment rate can not be ignored.Therefore,combined with the actual inventory situation of X company,the inventory cost control scheme is designed from the perspective of value chain:from the perspective of value chain in the enterprise,the processes of budget,ordering and warehousing are optimized by forecasting and quantitative analysis,setting safety inventory,and using the warehouse management mode of ABC-CVA material reclassification and ABC-AHP clothing reclassification;From the perspective of external value chain,maintain a stable supplier cooperation relationship,and introduce the transportation support of third-party logistics to connect upstream and downstream enterprises in series;Through the overall regulation of internal and external inventory circulation links of enterprises,compared with enterprises in the same industry,we can take its essence and discard its dross,improve the supervision and evaluation mechanism in inventory process and establish information management from the perspective of total value creation,so as to increase market share and maximize enterprise profits.From the perspective of value chain,this paper expounds the current situation of inventory cost of X company,provides optimization schemes from both internal and external value chains of the enterprise,improves the original inventory cost management methods and models,and increases the response speed of management and control with the help of information advantages to enhance economic benefits.
Keywords/Search Tags:inventory cost, Cost control, Inventory management, Optimization strategy
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