Research On Inventory Management Of Dalian ZY Petrochemical International Trade Co., Ltd.

Inventory management is an important part in enterprise production and operation management. Effective inventory management can save costs and increase profits for businesses. Especially inventory management of chemical products is more unique. Inventory management of chemical products is is different from other products in general, and it is a technical and highly professional work. Therefore inventory management of chemical products is of great significance.The dissertation studies inventory management of Dalian ZY Petrochemical International Trade Co., Ltd, and uses the theory of inventory management. On the basis of the investigation on the inventory management status of ZY Petrochemical International Trade Co., Ltd, the dissertation analyzes inventory characteristics and the problems and the causes in inventory management, and develops targeted solutions and safeguard measures.The dissertation includes five parts. The first part introduces the research background, the research meaning, the research methods and thesis technology way. The second part introduces the relevant theories and methods of inventory management. The third section describes the inventory characteristics, and focuses on the analysis of the problems and the causes in inventory management. The fourth part develops targeted solutions to the problems. That is to classify the different types of inventory using ABC classification, and adopting different management methods. A-inventory adopts JIT procurement. B-inventory adopts JMI. C-inventory adopts periodic order method. The fifth part develops some safeguard measures such as fixed location management for the inventory, setting up an inventory MIS, and strengthening the supplier relationship management and so on.This research will guide the improvement on ZY Petrochemical International Trade Co., Ltd’s inventory management and expect to offer some reference to other enterprises in the industry.