The Research On Inventory Optimization And Control Of SY Company’s Raw Material

At present, the manufacturing enterprises are facing fierce market competition, changing customer needs, shorter customer order lead time, longer raw material procurement cycle, the rising prices of raw materials and so on. These problems put forward new and higher requirements for raw materials inventory management. Inventory especially raw material inventory needs a good cash flow, optimizing raw material inventory control can effectively reduce the production cost of enterprises, while ensuring the reliability of supply of raw materials, to achieve the lowest cost and delivery on time, to the maximum extent to meet the needs of customers. Therefore, the raw material inventory control is more and more important for the enterprise. Optimizing inventory control, and reducing inventory cost has also becomes the key of inventory management.Firstly this article elaborates on basic concept and the classification of the inventory, analyzes the inventory cost and importance of inventory, and reviews the development of traditional inventory management theory and modern inventory management. Then it introduces the inventory management problem of several traditional methods of inventory control and inventory management in supply chain.Secondly, combined with the real case of SY precision Machinery Company’s raw material inventory control, instructed by the modern inventory management theory, this article analyzes the main factors affecting raw material inventory management of SY Company, and studies raw materials inventory management optimization, based on inventory optimization objectives.Thirdly, classifies the raw materials inventory by the ABC classification, determines the different management strategy, studies prediction methods of production demand, and then aimed at the A raw material that mainly affect inventory, uses the theory principles and tools, such as economic order quantity model, reorder point to study the safety stock, order quantity, reorder point, of the A raw material, and actually optimizes the control model of the main raw material.Finally, in view of the existing problems of production and management of SY Company, the management measures required to optimize the inventory is studied. Aims to analyze of SY precision machinery company raw material inventory control, this article studies inventory management optimization and control system, in order to improve the raw material inventory control level, reduce the production cost, to help to improve product competition ability and the profit level of the enterprise, and improve enterprise management level of awareness and attention of raw material inventory cost control, to use for reference and guidance to the relevant enterprises and small and medium manufacturing industry.