The Applied Research Of YT Motor Factory Inventory Management Optimization Projects

With economic globalization, China’s manufacturing enterprises are experiencing laborcosts, land costs and the pressure of rising raw materials, companies need to transform andupgrade, faced with a complex market environment, to meet customers’ needs under theprecondition for manufacturing enterprises through inventory optimization, improve inventorymanagement efficiency, to reduce operational costs way more and more attention.Firstly, through YT motor factory company organizational structure and product featuresare introduced to explain inventory management optimization of content and methods, YTmotor factory in the external environment and inventory management discussion and analysisof the current situation, identify current inventory question on the reasons and ways to solveand to be demonstrated.Then, the company raised a total inventory management optimization strategies forimproving inventory rationalization, YT motor factory was established specifically foroptimizing inventory management team, clear responsibilities of relevant departments andprocesses, inventory optimization work on the target specification and unify then, using theABC classification of materials for scientific classification and conduct for differentcharacteristics, choose a different inventory control model, and the introduction of WMSwarehouse management information system, the material for overall optimization, whileon-site finishing materials, the use of cycle counting method to solve the problem of thematerial accuracy of the data, and the sluggish materials inventory suggestions.Finally, the implementation of inventory control optimization results are discussed,including the selection of an appropriate model after inventory data before and aftercomparison, setting safety stock and point of purchase, improve inventory turns, productinventory rationalization of the motor are discussed, from the data description improve theproduction process based on product characteristics matching inventory balance, sluggish rateof the material is calculated, and the development of the company’s inventory data assessmentindicators, in order to facilitate the company’s daily management.Also, for inventory management are suggested for further development, the need tostrengthen relationships with customers and suppliers contact, but also to establish acomprehensive inventory control thinking, at a later era of big data, statistical analysis toidentify methods to optimize inventory, and ultimately to maintain competitive advantage andprovide guidance, advice and has some practical value theoretical meaning.