Research On The Internal Control Of Inventory Management Of A Pharmaceutical Company

Joint-stock companies play an increasingly important role in China's economic system.Due to the emergence of joint-stock companies,the ownership and control of the company can be separated in a real sense,but the operators and owners of the company have always been unequal in obtaining information,so the internal control has been derived.With the development of internal control in recent years,it plays a more and more important role in the company's internal management.Inventory,as an important part of the company's liquidity assets,is closely related to the company's daily asset management.The most direct purpose of the effective management of the company's inventory is to prevent the occurrence of fraud and the occurrence of inventory business errors.It can make the company strengthen the cost control,make the policy and policy of the management level of the company effective and achieve the expectation of the company management,safeguard the security of the current assets of the company and ensure the accounting information.Authenticity.However,inventory management in pharmaceutical industry is difficult,strict and costly.The state has strict rules and regulations in the company's quality management of drug operation,and the internal control system must strictly carry out the relevant regulations.At the same time,a large proportion of A pharmaceutical company's own drugs are narcotic drugs and Chinese medicinal materials,because such drugs are strictly kept and need a large amount of stock,so it is more necessary for the medical companies to arrange specialized medical personnel with certain professional medical knowledge to keep them in special custody.Most of the source of A pharmaceutical company originates from the pharmaceutical industry,has a good long-term cooperative relationship with these large pharmaceutical industry enterprises,and often concentrates on the sourcing of goods in these high quality pharmaceutical industry enterprises,and the source of the purchase is 70% of the total company purchase.It is also because the characteristics of A pharmaceutical company's high purchase concentration determine the weak position of the company in the transaction.It is prone to be passive when negotiating with upstream suppliers and entrusting downstream businesses for warehousing and transportation.Therefore,establishing a modern inventory management internal control system which is in line with the modern enterprise management structure is of far-reaching significance for A pharmaceutical company and so on.Taking A pharmaceutical company as an example,based on the basic theory of internal control,this paper first expounds the basic contents of the COSO framework,and then introduces the related theories of internal and external control and inventory management at home and abroad,and highlights the particularity of the internal control of the pharmaceutical companies.Then the development of A pharmaceutical company and the current status of inventory control are introduced,and the problems existing in the inventory management of A pharmaceutical company are found out and analyzed.According to the analysis results,the countermeasures to improve the internal control of the inventory management of the A pharmaceutical company are perfected,and the management process of the stock in the company is recombed,and the series of improvement is made through this series of perfection.The strategy hopes to minimize the risk of A pharmaceutical company in inventory management.