Research On Inventory Management Method Of Injection Molding Company Y

Along with the booming Chinese economy and accelerating economic globalization, competition among enterprises becomes more and more intense, especially for manufacturing industry in these years. As for injection molding industry which relies on processing fee, the nice time has disappeared during which injection molding machine was regarded as bill printing machine. It has become important matter and focus for the injection molding companies’ top management about how to use each coin, how to increase resource utilization, how to reduce unnecessary or unreasonable waste and occupation at this period with surplus capacity, increasingly manufacturing cost but resource in short supply. Inventory that occupies many resources in the company cannot be ignored.This article adopts theoretic analysis and case proof method. On the basis of relating theories and literatures about inventory management, it takes Y company as an example and introduces injection molding industry, Y company profile and the characteristics of injection molding company’s inventory management. The article mainly studies Y company inventory management situation, issues and the causes. Thus the specific inventory management method is raised and designed for injection molding company Y. It’s hoped that the most suitable inventory management method could be found and entirely applied through step by step implementation and verification. After partly verified, the methods are evaluated and summarized, and will be continued with further study as expected.