Research On Working Capital Management For Business Process

Working capital supports the daily operation of an enterprise.Its management level directly determines the survival and development of an enterprise.According to a US survey of working contents of financial managers of listed companies,they spend 1/3 of their time in working capital management.Thus,working capital management is not only the focus of daily operation and management,but also an important index for external investors to analyze enterprise management.The high speed turnover of working capital and the reduction of the occupancy of inventory are increasingly becoming the management goals of the high level enterprise,because this is an important embodiment of the high quality development of the enterprise.At present,the research data of working capital management and business process management are very rich,and the angle is very comprehensive,but the research that combines the two is really rare.The only remaining research only stays in the theoretical level,and the case study is lack,especially in real estate industry,so it is very necessary to study.As an important pillar industry of the national economy,the real estate industry has been influenced by macroeconomic policies and consumers' unsteadiness in the past period of time,and the risk of financing difficulties,the break risk of capital chain and the insufficient liquidity of capital are rising in the industry.Working capital management is the core of the real estate enterprise financial management,its management performance not only affects the real estate industry itself,but also concerns the smooth operation of the national economy.The performance of WK real estate company has been the leading leader in the past five years.While focusing on the development of commercial housing,it has gradually entered the field of apartments and urban services,and continued to keep the industry lead from sales,operating profit and net interest rate.The basis of these achievements is that the WK real estate company is from the business flow.Cheng's working capital management mode,from upstream suppliers to their own production operations and customer relationship management,is in the forefront of the industry.First,the article briefly reviews the research process and research results of business process,working capital management and their combination.The basic theories involved in the research are briefly described.Secondly,the third section of the article focuses on Professor Wang Zhuquan's classification method and evaluation index of working capital in three processes,and applies it to the concrete projects of the real estate development enterprise,and discusses the factors affecting the management of operating capital in the three major processes of procurement,production and marketing in this special industry.The mechanism of the impact of the factors such as business relationship,construction technology and customer relationship on the performance evaluation of each process can provide a solid theoretical analysis for the introduction of the management mode of the case company.Finally,this paper,taking WK real estate company as a case,introduces the basic situation of the company and the current situation of operating capital,and summarizes its management strategies in the three processes,especially the strict supplier management mechanism,industrial production and Latin American marketing.After that,we make an evaluation of its management performance,and analyze its favorable development trend of fund allocation in the three processes through scientific management methods.Based on that,we analyze the overall working capital management situation and the right problems of real estate development enterprises through data analysis.After the above comparison,this paper summarizes the Enlightenment of WK real estate company to the management of working capital,such as trying Zero operating funds,strict management of current assets and strengthening system construction are all worth the reference of the industry.A comprehensive analysis of the above parts is made,and the main points of this paper and the perspective of this research can be left in the following research directions.