Optimization Of Inventory Management In S Company

For many enterprises in our country,shortage of liquidity or poor capital turnover has been a problem at present,which is mainly due to funds tied up caused by huge stocks of the enterprises.Too many inventories will lead to lots of problems such as prolonged production circle,reduced production efficiency,unimproved quality of the product,poor capital turnover,higher production costs,low management efficiency,slow supply chain flow and so on.On the contrary,under stock will result in the loss of profits or even customers.Therefore,in order to ease the shortage of liquidity,improve the utilization of the materials,improve customer's satisfaction,enhance the competitiveness,enterprises need to adopt advanced and scientific stock management methods,enhancing the management and control of enterprise stock.Manufacturing enterprises require large amounts of capitals to pay for raw material,processing and production,and logistics distribution after accepting orders.Without effective stock management,stock-holding cost will be much higher and severely affect the enterprise's liquidity,which will further influence the production and operation of the enterprise.As a,S Company is under the pressure in terms of quality,cost,service,and reduction of delivery time especially.The ERP system has been implemented to improved management level and operation quality.But there are still problems in its stock management.This subject studies the stock management of S Company,which is significant to decrease stock as well as improving the turnover rate of finished stocks and improve customer's satisfaction.This paper finished inventory,first carries on the analysis from two aspects of inventory and sales ratio and customer satisfaction of S company's inventory management status,customer classification,the service differentiation strategy,refine the procurement,manufacturing inventory of the key factors,and then,Then,through the establishment of mathematical model,the simulation analysis is carried out to study the optimal solution of ordering quantity and inventory.The optimal order quantity and inventory on the solution,and put forward the optimization goals and solutions:one is for different customers to implement differentiated inventory management;the two is to develop safety inventory management scheme;the three is to develop the product library integration scheme;four is put forward the improvement scheme of balanced production and warehouse management.The results are as follows:first,the joint inventory management and supplier inventory management methods are introduced into S company;two,inventory management is simulated;the three is S company's warehousing and logistics optimization.Through the research and practice of this project,the finished product inventory of S has been reduced,the turnover rate and customer satisfaction have been improved,and considerable economic benefits have been generated.It also has some reference for other enterprises.