Research On Working Capital Management Based On Value Chain Theory Of H Company

With the degree of economic globalization deepening day by day,the competition between every two enterprises becomes more and more intense,enterprise to be in an impregnable position in the competition,it is necessary to form and maintain their own core competitiveness,achieve sustainable development.Whether the creation or subsequent development of the enterprise,all need money.Market integration and nature decides the working capital management as the important content of enterprise financial management,affect the enterprise value creation and the realization of strategic goals.The traditional there are problems of working capital management,become the bottleneck of restricting enterprise development.And value chain management as a core concept of enterprise management,is paid attention to by the enterprise day by day,the money as the most weak link in the value chain,enterprise how to combining value chain management and the management of working capital to become an important research direction,the new working capital management model based on value chain theory will be applied to more enterprise management,in order to better manage the working capital of the enterprise,promote more efficient operation of funds,realize value-added and ultimately achieve the goal of enterprise value maximization.This paper consists of six different parts according to contents,the first part is introduction,mainly given introduction to the research background and significance of the article,both at home and abroad about the management of working capital and review summarized the studies on the theory of value chain management,the article also introduced research ideas and methods and innovative:the second part,first of all,the working capital management,value chain management and the concept of working capital management based on value chain perspective and content,and then to this article expounds a series of related theory;The third part of the first to introduce H company for relevant specific cases,and then expounds the present situation of H company’s working capital management and the problems existing in the management of working capital,such as larger balance of accounts receivable and inventory turnover ratio is relatively low;The fourth part firstly introduces the basic principle of H company working capital management,and then separately from the internal and external value chain to value chain of H company’s working capital management for introduction and analysis;The fifth part analyzes the H company in the process of working capital management should focus on problems,then in view of the above analysis of H company working capital management based on value chain theory problems put forward the corresponding improvement Suggestions,such as strengthening the management of value chain thought,the JIT procurement based on value chain,broaden the financing channels,pay attention to the upstream suppliers and downstream customers management,pay attention to enterprise credit management,etc;The sixth part summarizes the research conclusion,points out the article study the deficiency,and make a prospect for future research.In this research paper,the innovation lies in this paper combines the working capital management theory and value chain theory,study of working capital management based on value chain theory,and combining with multiple related theory knowledge,make research more comprehensive,system.In addition,this article is not pure theoretical research,but is based on the working capital management on the basis of the practice of H company,combining theoretical research and practical cases.For H company based on the perspective of value chain management present situation of working capital to analysis,find existing problems,and puts forward corresponding suggestions for improvement,practice of H company and industry company work has guiding significance.