Design Of Inventory Management System Of Inner Mongolia Qiankun Gold And Silver Refining Co., Ltd

Inventory is refers to the materials reserved by company in the normal production and operation process for sales or consumed, including materials, fuel, consumables, in products, semi-finished products, finished products and commodities. Corporate indwelling inventory mainly due to two points:First, in order to ensure the business needs of production or sales; the second is from price considerations, in order to save costs, the companies will take the bulk purchases. However, large inventories indwelling increased storage costs, insurance, maintenance costs, management salaries. Therefore, companies need to manage business inventories scientifically and effectively. Inventory management mainly includes inventory information management and decision-making on the basis of information management, which is an important part of corporate internal control. It is a kind of self-coordinating, restricting and supervising control system that helps enterprises to achieve business objectives, observational approach to business and decision-making, and to maintain the security and integrity of the current assets, to ensure legitimate financial revenue and expenditure, accounting information authenticity. Inventory management is not only help prevent inventory business mistakes records and corrupt behavior happened, but also enable enterprises to strengthen cost control, and implementation of low-cost strategy, so management of inventory control is particularly important in the operation of the enterprise.Inner Mongolia Qiankun Gold and Silver Refining Corporation’s inventory has various design and unit value higher. But from the current management current situation,its inventory management has following problems:failure to achieve the computerization of inventory management, accounting inaccurate; lack of really recording of inventories income, issue, balances; direct losses from the inventory backlog or less, further analysis of the reasons for the problems, mainly because of the information construction lag, the management system is imperfect; internal control system is not perfect; inventory management style is not scientific. Analysis from the problems and the reasons can be seen, the design of the inventory management system is critical, it will not only implement effective cost control, but also services the overall value-added of value chain. According the own situation of Inner Mongolia Qiankun Gold and Silver Refinery Corporation, put forward its inventory management system design from the aspects of control of the functioning of the various departments, certificates and records, inventory requisitioned plan reporting supplies requisitioned plan, loss control, supervision and inspection. Based on the above inventory management of the status quo analysis and system design, and finally putting forward three measures:to establish inventory management system; Perfect internal control inventory management; Scientific inventory management.