Research Of Inventory Management Improvement Of BR(China) Company

As the economic globalization,the enterprise competition has become a supply chain competition,at same time,with the rising cost of labor and raw materials in China,BR company has high pressure from rising cost and strong competition.BR company belongs to the valve industry,the product specification is multifarious,diversification while the service to customers is high expected.How to reduce the cost of supply chain inventory,keep maintaining the market competitiveness,maintain and improve the service level to customer,inventory management optimization for valve manufacturing enterprises at home and abroad has become one focus of company operations.Based on this background,this article focuses on the subject of BR(China)company,through summary of inventory management aspects of the literature research,by using the theory of inductive method,quantitative and qualitative analysis on the real data about the amount of inventory related,dull inventory,inventory turnover,It reveal the internal inventory management problems related such as high inventory amount,lower inventory turnover rate,high inventory cost,unreasonable inventory structure,especially high inventory of raw materials and slow moving,and the inventory information between internal and external dose not flow smoothly.Come up with the improvements properly by using the related inventory theory and practice application methods.First,improve the internal inventory control by ABC inventory classification,control and reduce slow moving inventory,science demand forecast,safety stock setting.Secondly increase the supply chain inventory management through VMI supplier inventory management,lastly,apply the technology of Internet of things to optimize the internal and external inventory information flow,make the inventory more efficient operation.Combining the theory of inventory management and real data analysis to solve the problem of BR company’s inventory management.Explore improvement direction of the inventory management and practice for valve industry.Hope to give reference to other valves enterprises.