Research On Aaw Material Inventory Management Of HT Company Based On AHP Method

With the rise of national income,the consumption level and consumption structure of food have also been upgraded.Baking products meets the diversified needs of consumers',and the market size and per capita consumption of baking continue to increase.Inventory is an important hub,because it decides the enterprise's benefit.For food raw materials,due to the more sensitive expiration date,it requires more precise inventory management.In the others words,there is a large room to improve inventory management for food industryAccording to the inventory management theory and survey data,this ariticle investigates the financial data,purchasing status and warehousing situation of HT company and understand the current situation of raw material management of it.The research datas showed that HT company exists several problems.For example,unreasonable raw material inventory,nonstandard process of warehouse management,ineffective management for suppliers This article clarifies the two reasons for these problems.First,unclassified management of inventory of raw materials.Second the internal control system of inventory management is not standard.By adding AHP to the ABC method to classify the raw materials of HT company,it can effectively deal with the problem of unreasonable inventory stock.This methodology also considers the importance of raw materials in terms of quantity,value,shelf life,availability,inventory facilities and shortages.Three types material is applied.Material A is applied for forecast the demand and safe stock set up,and it avoids the dull or defective stock.Material B is applied to improve the handling process of stagnant materials.The JIT mode was established for material C,which will improve the company's level of operating cash flow.By comparing the optimized inventory management level with the previous one,the effectiveness of the optimization measures is verified.The two key contributions of this paper:First,to reduce the material inventory cost of HT's,and standardize the inventory management system;Secondly,to provide other companies with a methodology about raw material inventory management.