| Inventory management is managing inventory of one enterprise. Inventory is looked as a vital assert in the company, on one side, holding a few stocks benefits company’s daily process moving on successfully, on the other side, it has flexibility for both of manufacture and sales which adapts irregular changes from external market to avoid missing business opportunities. But holding inventory has to occupy the cash. It is not disregardful that inventory management deeply influences the utility of company fund and the efficiency of capital running. This is essential for a trading company. Having considered unique policies in domestic DFZ (Duty Free Zone), the company in that place will increase its stocks unconsciously. So inventory management improvement becomes an important issue.In this article, the writer uses case study method, with his work experience, to analyze and summarize current inventory management situation and reason of SC Company who locates in a DFZ and provide some advises of approach of improvement. First of all, the article introduces theory of traditional inventory management and theory based on supply chain and compares each other. Meanwhile, the article explains how to approach and where above two methods can be adopted. The writer also lists latest study results in domestic and overseas. Secondly, depending on historic stock data of SC Company, after analysis, affected factors and reasons were found out. Furthermore, based on factors and reasons found, with SC Company actual operation status, the writer raises joint inventory management to solve the problem. Whether it is feasible, how to start, how to implement and what it could be concerned are discussed. Then better inventory management for SC Company is further researched. At the last of the article, the conclusion was drawn with the limit between studying.Through this article, it is hoped by the writer to provide the means of use for reference to similar companies. |
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