Study On Internal Control Of Inventory Management In Aipu Company

The issue of inventory management has always been a very difficult management problem for manufacturing companies,especially in the highly competitive electronics components manufacturing industry.Poor inventory management results in slow turnover,excessive use of funds,low corporate profitability,even bankruptcy.Establishing and improving the internal control of inventory can not only ensure the safety and integrity of the company's inventory assets,but also reduce the cost of inventory and control the risk of inventory.The level of inventory management is positively correlated with the profitability of the company.The internal control of inventory management has been widely considered as an important part of corporate management.Aipu company is an electronic components manufacturer.Electronic components are widely used in our daily life.They are very important part of various electrical appliances.Affected by the price wars of various consumer electronics products such as consumer appliances,mobile phones and computers,the electronic transformer industry is facing more and more pressure on price in recent years.Due to the rising cost of raw materials and labor,the continuous low-speed development of the global economy and other factors,the cost of electronic transformer is increasing year over year.With the expansion of the industry's production scale and the increase of competitors,the competition for market share among companies in the same industry has intensified.In such a harsh external environment,the company has to improve its internal management to be more profitable,especially inventory management which accounts for a large proportion of assets.This thesis is based on the study of Chinese and foreign scholars research achievements on internal control and inventory management.It reviews the development process and research status of the internal control theory and inventory management theory.By using the COSO internal control framework and five ministries jointly issued the "enterprise internal control basic norms" as the theoretical tools,it analyses Aipu's inventory,an important part of the company's assets.Supplier development evaluation system is not perfect.Employees of related posts in the sending,receiving and depositing sectors are not in compliance with the implementation of the system.The scene is not up to standard.Inventory accounting and disposal is not rigorous.Information and communication is not smooth.Risk identification capability is not enough.Supervision and management are not in place,etc.To solve these problems,risk control points are found one by one.The proposed improvements and optimizations are provided in order to boost the company's inventory management level and improve the company's overall profitability.