Inventory Optimization In Jiamusi Electric Wire & Cable Company.,Ltd

With the development of market economy recently, there appear more and more problems on the inventory of state-company, which has become a critical obstacle to the development of these companies.As a typical State-Company, Jiamusi Electric Wire & Cable Company, Ltd. encounters inventory problems such as overstock and wasting. In order to solve the problem, this article analyzes how to manage and optimize its inventory, in the way of combining analyzing qualitatively and quantitatively with empirical evidence.Firstly, this article analyzes the main topics on inventory management, sums up the current theory and quantitative model at home and abroad, and points the main aims. Secondly, based on detailed depiction and analysis on the optimization of inventory, including analysis the demands of material and the character of stock, together with the situation of Electric Wire & Cable Company, Ltd., two inventory optimizing models are developed, with the aid of liner and random optimization method -Monte Carle Method. After computing with concrete data, both strong point and shortcoming of these two models are compared. Finally, this article develops a new set of ideas about supply chain, according to the new optimizing inventory models.