Research On Working Capital Management Of XH Pharmaceutical Company From The Perspective Of Value Chain

With the growing degree of economic globalization,the domestic consumer market is increasingly diversified,and the pharmaceutical industry is facing unprecedented challenges.The efficient operation of working capital is the key to the company's ability to.play a competitive advantage in the face of challenges.It sustains the survival and development of the company.The rapidly changing global market urgently needs a scientific and rational working capital management model to obtain competitive priority for the company.Annual value chain management has become the core concept of corporate strategic management.Capital is the weakest and most important link in the value chain.Working capital is the foundation of corporate financial capital management.This requires companies to improve the management level of working capital from the perspective of the value chain.This paper combines value chain management and working capital management with each other and stands on the strategic height of sustainable development of enterprises to strengthen fund management,achieve rational allocation of enterprise resources,promote capital appreciation,and realize the integration of enterprises so as to maximize the value of the company.This article is divided into six parts according to the content of the content.The first part is the introduction,mainly expounding the research background and significance of this article,summarizing the research status of working capital management based on the perspective of value chain at home and abroad in recent years;In the second part,it mainly elaborates on the concept of working capital management and value chain management and related theories.In the third part,it first briefly introduces the basic business situation of the specific case company XH Pharmaceutical,and then conducts a detailed financial statement on the status of working capital based on the value chain.The fourth part is mainly to combine the performance analysis of the working capital management based on the value chain in the third part,using case analysis method,comparative analysis method,index analysis method and other methods to integrate the value chain procurement,production and marketing of the company.The in-depth study of working capital management shows that the company has problems in the status of procurement information systems,limited use of high-end equipment,limited repayment ability and weak profitability.We have discussed these issues and summed up the issues that led to these problems.Internal and external reasons and conducted a detailed analysis;The fifth part combines the fourth part on the study of the working capital of each link about the value chain of XH Pharmaceuticals,and conducts optimization management of the value chain for the problems it finds,aiming to improve the performance of working capital;the sixth part concludes and points out the inadequacies and this article's creativity and future development direction.From the perspective of the value chain,this article analyzes the working capital management of XH Pharmaceuticals,and points out that XH Pharmaceuticals has problems in working capital management activities and responds with optimization suggestions.It has universally applicable meaning in the practice of the company.