Study On Purchasing Management Of MT Company

Under the current situation of increasingly fierce market competition,the development of a company is faced with numerous uncertainties and risks,including challenges as well as opportunities.It is of crucial importance for a company to maximize margin profit by means of improving procurement management,fostering the coordination and efficiency between cooperate departments and that with suppliers,and optimizing managing activities of procurement.MT is a manufacturing company,being the intermediate link of supply chain of food stuff.With the saturation of manufacturing tasks,increasing number of clients and product varieties as well as accumulating orders of different needs these years,MT has a rather strict regulation on the quality of raw materials and inventory situation,especially in the perspective of additive product on infant supplement food,which calls for a higher level of procurement management of the company.Combined with relevant theories on supply chain management,procurement management and inventory management,together with the basic information of every aspect of MT,the current situation on procurement management of raw material,this paper intends to do the following thing: learn from successful experience of procurement management study,both domestic and abroad;conduct field research and analysis on current situation on procurement management of raw material of the company;dig deeper by way of real evidence onto the supplier management,conduction of procurement business and inventory management,etc.;analyze existing problems of procurement management of raw materials.For MT company purchasing management problems,proposed procurement management improvement strategies.Make efforts to refine and elaborate the selection and classification managements of suppliers;further improve existing system while improving the managemental level of MT suppliers.Meanwhile,standardize and improve the procurement business of MT,by selecting procurement staff reasonably,carrying out training programmes about professional knowledge and operation.Process regularly,and setting up index to improve staff's performance and lower business risks.Scientific safety stock quantity set MT raw materials companies and increase its raw material inventory turns,so MT in case of limited inventory capacity ensure smooth production and reduce inventory costs through lower procurement costs.For another,it is also demanded to extend business channels,optimize suppliers management to realize a win-win result;improve procurement efficiency with the help of “Internet +”,E Business;and by using big data analytics to innovate procurement operations mode of MT,enhance the level of business.