A Study On Inventory Management Of Sevenstar Microelectronics

Manufacturing industry in China is now facing a good opportunity. From the hard actualities of the inventory management, enterprises are realizing that the competition among the modern manufacturing enterprises has changed. The enterprises are more and more paying attention to goods flows besides quality and service. Inventory is an important part of goods flows. It is a difficult problem needed to be resolved for electronics manufacturing industry which is in hard condition that how to reduce cost and improve profit by analyzing all kinds of root causes and finding effective control method of inventory management.This paper mainly studies the following content through analyzing current inventory status and industry background of Sevenstar Electronics.1. This paper studies the issue of inventory from Sevenstar Electronics. It starts with a literature review on the company background, current electronics manufacturing industry status and inventory problem in enterprises.2. This paper introduces the traditional inventory managements and several modern inventory management models.3.Combining traditional order point control method and MRP( Material Requirements Planning) a new approach is presented to improve current material purchasing method, and the random statistic analysis and safe stock are applied to resolve the inventory problem owing to difficulty of market order forecast. This approach has more advantages, such as convenience, low cost, strong calculated ability and fitting for uncertain requirements conditions.4. Considering the factors that result in inventory burden from inside and outside, this paper proposes many measures to resolve the inventory problem in all aspect.5.The last of the paper are the summary of inventory management change and its prospect for the future.