XM Group Based On Channel Management Of Working Capital Management Research

Working capital management is an important foundation for normal operation of enterprises,even is related to the survival of enterprises.Management of working capital can not only keep the funds needed for the normal operation in the process of production and operation,and can be the greatest degree of improving the efficiency of working capital and the turnover of ability,thus reducing the use of working capital costs,improve the profitability of enterprises.But most enterprises are still confined to the contents of working capital management inventory,accounts receivable and other traditional working capital management.As the new economic situation and market environment changing,some new theory has been applied to the management of working capital,the new theory to a great extent,improved the working capital management performance,is the traditional concept of improvement and innovation.Therefore,this article attempts to a new channel management concept closely associated with the management of working capital and its operation process.At the same time,on the basis of the reclassification of working capital,build channels theory as the core of working capital management system,make the working capital management theory and methods have a certain innovation,so that the working capital management model is more suitable for modern enterprise development.with the actual situation of XM group as an example,combining theory and practice,comprehensive using literature analysis,comparative analysis,case analysis and other methods to analyze the working capital channel management pattern,the organic combination of channel management and working capital management.First of all introduced the selected topic background and research status at home and abroad;Then analyzes the traditional mode and the channel model of working capital management theory,expounds the channel mode of classification management of working capital,the introduction of the meaning of the concept of channel management and the differences of two theory and the advantages and disadvantages;Introduced XM group,then respectively introduces the basic situation of the company,operating funds management present situation,and the current situation of the company’s working capital management is evaluated,analyzed the main problems of the management of working capital and XM group set up the necessity of the channel model of working capital management.On this basis,according to the design principle of channel mode of working capital,respectively,from the procurement channels,production,saleschannels,and financing channels,this paper built the company channel mode of working capital management system.Finally discusses the XM group channel theory of working capital management of security measures,and has made the summary to the full text.