| Inventory is an essential part of trade industry and a perfect system is an effective guarantee for an enterprise’s healthy, fast, and sustainable development. It is also a necessity for an enterprise to deal with competition and adapt to market changes to achieve refining, modernization, scientification and strategic programming. The direct and indirect costs of inventory hold a leading and important position in an enterprise’s cost. An enterprise’s existence and development have much to do with its inventory system and is a priority among priorities in management.To achieve ideal efficiency and benefit of management, an enterprise must employ various methods in technology, economy and law to manage its inventory, constantly improve its inventory management ability, synthesizing modern inventory management philosophies, theories, and scientific methods, optimizing control methods in all stages, thus heightening its economic and social benefits and modern management level. This is a subject worth pursuing and studying.This paper makes a thorough study of the status quo of foodstuff industry both at home and abroad. Combining theory and practice, considering the problems in Oriental Oil and Food Group, and aiming at the different characteristics in inventory’s purchasing, producing, and marketing, we construct a inventory management control system with modern inventory management control philosophies, and systematically elaborate the influence that purchasing, producing, marketing, management mechanism and institutional structure have on inventory from macroscopic and microscopic perspectives. We point out the significance of a sound inventory management system in Oriental Oil and Food Group’s standard management, accurate cost accounting and cost leadership. Finally, this paper gives an outlook of the management of oil and foodstuff, hoping that it can offer some help and reference for other industries’ inventory management. |
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