Research On Inventory Risk Management Of Refined Products Of Petrochina Marketing Company

Refined oil inventories as a special commodity stocks, the macro economy,market supply and demand, price and policy faces many risks. As a result of marketchanges, price fluctuations, or caused by factors such as the poor management ofproduct backlog, inventory write-down and security and other issues. Mostenterprises are plagued by inventory risk, how to reduce inventory risk, and make theinventory at a reasonable level, is the enterprise of common concern to the problem,and the application of risk management theory in inventory management practice.In recent years, the study of inventory management and manage inventory risk,domestic and foreign some advanced management ideas and management tools,including known as ABC classification, VMI (vendor managed inventory), and thetheory of JIT purchasing. Existing theory combining inventory risk and supply chainto study the solution. Such as some scholars analyzed the problems existing in theinventory management, demand forecasting and the determination of safety stock isimportant prerequisite to reduce inventory risk; Some scholars also discusses in detailthe cause of cluster supply chain inventory risk, and USES the method of matrix tosolve how to get the problems in the cluster supply chain overall inventory risk, etc.But the application in the enterprise risk management, inventory relative lack ofsolving practical problems. In this paper, based on the systematic analysis of thePetrochina Company inventory risk, combining the reality of enterprise management,targeted solutions and measures are put forward.In this paper, based on the risk management process, from the following severalaspects to the Chinese oil company product inventory risk are studied: The firstchapter introduces the inventory risk research background, significance and researchmethods. The second chapter from the internal management and operation status quoand the two dimensions of external management environment, to identify potential risks to inventory. The third chapter to the combination of qualitative and quantitativemethods to analyze the inventory risk, application of AHP figures the weights of allkinds of inventory risk. The fourth chapter according to the inventory risk weighting,study and formulate corresponding solutions and measures.This article innovation lies in: One is the application of the analytic hierarchyprocess to quantify the inventory risk analysis; Secondly, on the basis of product oilinventory risk management research at home and abroad, combined with state andcompany policies, through on-the-spot investigation, from the aspects of finance,marketing and technology, put forward the effective control of inventory riskmanagement model, strategy, methods and measures;3it is to explore the hedgingand bonded in the inventory risk management application. The study not only enrichthe theory of inventory risk management content, also provide a scientific method fordecision-makers to inventory, inventory risk management to provide reference for thesimilar enterprises.