Study On Precious Wood Jewelry Retailers Inventory Control

As China’s economy continues to develop and people’s living standards continue to improve, precious wood jewelry attract more and more people’s attention, and has becoming a new industry. Especially in the 21st century, it has maintained a momentum of rapid development. This precious wood jewelry which can show personality of consumers and provide consumers the psychological feelings has more styles, which means more inventory. Also a longer industry production cycle and a relatively high value of precious wood itself result in a current retail merchandise inventory continues to expand, increasing occupation of liquidity, reduced ability to withstand market risks, so reasonable inventory control optimizes inventory costs and improve core competitiveness of enterprises. Therefore, whether the retail management is perfect,whether it is reasonable of inventory reserves and liquidity occupying is the minimum are important indicators of the effect of inventory control. So this paper aims to achieve scientific inventory control by scientific theory and methods, so that the stocks will not have too much or too little, thereby reducing inventory costs, lower occupancy rates purpose funds in order to establish for businesses Status inventory control model and inventory control strategy, thereby reducing inventory costs, to reduce capital utilization through the establishment apply inventory control model enterprise status and inventory control strategy.In this paper, we understand the current situation at home and abroad as well as inventory management, inventory control theory based on the control of precious wood retail inventory problems and their causes are analyzed to explore the characteristics of precious wood retail demand characteristics and value of the goods, by using the method of inventory control theory, marginal cost analysis, demand forecasting model and ARIMA method to determine the model of the valuable timber inventory control retail business and inventory control strategy, adopted last for a precious wood retail companies have representative commodities - leaflet sandalwood prayer beads were using real inventory control models. analyzing inventory control effects and benefits, studies show Inventory control model and inventory control strategy in this paper established in meeting customer service levels under the premise of reducing storage costs, reduce the occupancy rate of funding, and thus show that the Objective to study the stock control is more in line with practical applications, and can provide practical guidance for enterprises to inventory control, this study reached a thesis research.