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Research On The Inventory Backlog Of L Enterprise

Posted on:2018-05-02Degree:MasterType:Thesis
Country:ChinaCandidate:X X PanFull Text:PDF
GTID:2359330536985630Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Today,with the global economic intergration,many companies are not only facing their golden age,but also the relatively challenge.For those companies who want to maintain a steady growth and meanwhile break through the competition,they must do a scientific inventory management.Many companies are facing such problem:high sales often accompanied by high inventories,under such mode,superfluous stock would come into being very easy,this will make the company's cost higher and influent the profit.And the restriction of the superflous stock will lead to the lack of liquidity,even threaten the company's survival and development.So many large companies will take reducing the backlog stocking as one of the company's most important strategies.How to solve the problem of inventory backlog will directly affect the development of company.In this paper,we take L company as the research object.Starting from the research of L company and its internal function system,combine with its present inventory management and finally give the opinios and suggestion.Inventory backlog problem has seriously restricted the development of L company.So it becomes urgent to solve this problem.Investigate its deep reasons,the main cause of the problem include:1,the incorrect predicition for the demand:2,improper management;3,uncertain factors such as human being factors,custom problem,the currency devaluation and so on.So finally we get the solution of the backlog stock problem for L company and also the improvement measure:1,Reorganize and classify the historical data,then based on this,do different test for the multiple demand perditions;2,Using ABC classification and set up safety stock to adjust inventory structure,optimize the business process inventory management related links and add the related appraisal system,but also to promote and popularize the ERP system in inventory management with the use of related function modules and RFID technology,the intelligent warehouse management approach;3,Performing the inventory management system strictly,strengthening training for the inventory management personnel.Be familiar with Nigeria local policies,establish the relationship with local government.Avoid or reduce the negative impaction caused by the currency devaluation and so on uncertain factors by using the forward settlement of exchange and so on other ways.To solve the problem of backlog stock,not only need the optimation of the business process and improvement of the management method,but also the support from an perfect information system,the most important is the fully implementation and effective cooperation from the employess.Premise,the company then can establish and efficient inventory management system,realize the rational allocation of resources,can dear cargo circulation channel and make it possible for the normal operation of the company,to win a better place inside the market.
Keywords/Search Tags:backlog, inventory control, demand forcasting
PDF Full Text Request
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