The Studay On The Management Of Working Capital In Qinhuangdao Qier-CNC Machine Tool Co., Ltd.

Working capital management performance directly impact on a company’s liquidityand profitability, determine the success or failure of enterprise management. In thehigh-speed economic development, the increasingly fierce competition in the marketunder the background of times, increasing competition between the industry or business,especially in the supply chain management, which is competitive, more highlights thestrategic significance. In recent years, the financial crisis, represented by the equipmentmanufacturing industry of our country economy presents the overall low state,Qinhuangdao Qier-CNC Machine Tool Co., Ltd. shrinking market share, the new contractamount sharply, accounts receivable collection difficulties, the customer does not takedelivery of finished goods, WIP and lead to raw materials backlog, brings great challengeto the company’s working capital management ability and management efficiency.This paper discusses the practical problems faced by Qinhuangdao Qier-CNCMachine Tool Co., Ltd. in the development, firstly it summarizes the research status athome and abroad, and it analyzes the evaluation of working capital managementand efficiency;secondly for working capital and the related theory of supply chainmanagement are introduced, for later analysis of the present situation and measures to laythe theoretical foundation; next, the thesis mainly through currency capital, inventory,accounts payable and accounts receivable and other index analysis of the company’sworking capital management present situation and existing problems; subsequently, inview of the enterprise actual problem, put forward from the perspective of supply chainenterprise operating funds management system building; finally, construct thesmooth operation of the system for the protection of security measures, respectively fromfour aspects of system, organization, management and strategy.Research found that working capital management performance of QinhuangdaoQier-CNC Machine Tool Co., Ltd. is relatively low, cash management efficiency is nothigh, it accounts receivable collection difficulties, and inventory turnover rate is not stabledue from accounts payable turnover time and working capital management chain;therefore, the company should according to own actual, from all the channels of internalsupply chain, build a scientific and efficient working capital management system; It isworth noting that each channel had a higher correlation with corporate performance ofworking capital, thus accelerate the turnover will play a significant role in improving corporate performance.