Early Warning System Of The Cost Of Wood-based Panel Enterprises

China is the biggest production, consumption, import and export country of wood-based panel in the world. Although wood-based panel industry has achieved rapid development for many years, there are a lot of drawbacks. For example, most of wood-based panel enterprises are small size companies, while their products contain little technology. Many enterprises need to enhance their ability to cope with risk, which is another important problem. Because of the extensive mode of economic growth for many years, along with the Financial crisis in2008, Chinese wood-based panel industry suffered an unprecedented attack. More than60%enterprises of the major panel-export base suspended their production. At the same time, cost of wood-based panel enterprises is rising gradually, which is also a problem that should not be ignored. Chinese wood-based panel enterprises’ high cost time really has came. Depressed profitability and difficult business is inescapability for many companies.Aiming at present market development of wood-based panel industry, this article aims to introduce the early-warning theory into the corresponding enterprises, focuses on the research of forewarning management on all kinds of enterprise cost, and uses statistical and econometric methods to establish a cost-forewarning model. In addition, this article applies abundant cost data of a wood-based panel enterprise named DaYa in JiangSu province to build an actual early-warning model, for specific expression, uses historical cost-data to calculate the critical value of alert degree, then tests and verifies the accuracy of risk judgment which predicted by the early-warning model. Making the best of cost forewarning model, wood-based panel enterprises can discover all kinds of cost-risk based on early warning results, then can take efficient measures to avoid risk and reduce losses. In a word, the cost early-warning system can make the wood-based panel enterprises’ target-controlling cost risk before it actually occurs-come true.