A Research On Inventory Management Optimization Of ZP Electronic Technology Company

With the increasingly fierce market competition,more and more manufacturing enterprises in the process of development by constantly improving product quality,reduce production and operation costs,improve delivery ability and after-sales service level,so as to achieve the goal of improving their comprehensive strength.In particular,due to the impact of the novel coronavirus epidemic in recent years,the supply and demand of many enterprises have produced a lot of uncertainties,so that enterprises pay more attention to their own cost control,and have put forward the slogan of "reducing cost and increasing efficiency".Under the background of the new era,how to reduce the operating cost of enterprises has become an important focus of enterprises under the premise of ensuring product quality and service.As a production-oriented enterprise,inventory management is an important way to reduce the cost of production.Excessive inventory will not only increase the cost of storage and management of inventory,but also occupy a lot of working capital,affecting the capital turnover of enterprises.And too low inventory can not meet the changing market demand,resulting in missed business opportunities.ZP Company,as a small and medium-sized enterprise of display production and manufacturing,still adopts the traditional extensive management mode of inventory management.Facing the accelerating product iteration and increasingly personalized and diversified market of consumer demand,it is difficult to make an effective and rapid response.Therefore,ZP Company urgently needs to optimize the existing inventory management mode.Based on supply chain inventory management theory,this paper discusses the inventory optimization problem of ZP Company.First of all,through field research,in-depth and detailed analysis of ZP company’s inventory management,found that ZP company in the inventory management of the main problems: there is no scientific classification of inventory management,the proportion of stagnant inventory is too high,resulting in low inventory turnover rate,inventory occupancy rate is too high;Supplier delivery time is not stable,occasionally out of stock phenomenon;The warehouse management level is not high,the inventory account real coincidence rate is low;Supply chain information transmission efficiency is low;Demand variation amplifying bullwhip effect and so on.Secondly,the optimization plan of ZP Company’s inventory management is put forward: ABC classification management of ZP Company’s inventory products,JMI joint inventory management for part of Class A products,quantitative inventory control method for Class B products,and quantitative and periodic inventory control method for Class C products.Put forward rules and procedures for handling dull products to improve inventory turnover.Strengthen supplier management,optimize warehouse management,establish smooth information communication channels,strengthen scientific demand forecasting,and reduce the impact of "bullwhip effect".This paper focuses on the inventory optimization of ZP Company.Through field investigation and theoretical analysis,it establishes reasonable classification of inventory products of ZP Company,optimizes the inventory structure,improves the information system,carries out JMI management on some product inventories,balances the rights and responsibilities of upstream and downstream enterprises in the supply chain,shares risks and shares profits.Finally,the goal of inventory management optimization,inventory cost reduction and profit improvement of ZP company can be achieved.At the same time,it is hoped to provide reference for inventory management optimization of other types of enterprises in the same line.