FH Company Inventory Management Research

With the continuous improvement of living standards,people have a higher pursuit of quality of life and China is facing an aging population,and the country has fully opened the second child policy,making people's demand for medicines greatly increased.The pharmaceutical industry has entered a stage of rapid development,and the pharmaceutical market is also very competitive.FH Company is a pharmaceutical manufacturing company in the development stage.Because of the development needs,the company has a large amount of inventory,plus the country has strict regulations on the storage of pharmaceutical stocks,the company's inventory management costs account for 45% of the total cost.A proportion is far more than that of a general manufacturing company.Such a huge inventory cost has seriously affected the company's cash flow and brought huge financial pressure to the company.Therefore,a scientific and reasonable inventory management system is very important for FH,which can greatly reduce the company's current inventory level and inventory management costs,so that the company's funds can be more effectively used in the company's In other key aspects,enhancing the competitiveness of enterprises in the market enables them to develop better in a fierce market environment.The research method used in this paper is the case study method.First,read a large number of domestic and foreign literature on the company's inventory management,combine the relevant definitions of inventory management and the traditional and modern multiple inventory management models as the basis for the theoretical study of this article.Secondly,from the perspectives of finding problems,analyzing the causes of problems,and solving problems,FH inventory management was studied,and measures such as AHP analytic hierarchy process,strategic alliances,VMI,and supplier management were introduced to help the company improve the current situation.The inventory status and help companies to reduce the inventory level,so that companies can survive and develop in the fierce competitive environment in the future.Finally,according to the above study,the conclusions are drawn.This article mainly concludes the following researches on FH company inventory management.First of all,maintaining a high level of inventory management is not achieved by a single department.It is the result of the joint efforts of all employees and all departments of the company.Second,inventory is generated at every stage of the company.Therefore,controlling the inventory generated at each stage can effectively reduce the total inventory of the company.Third,the perspective of companies to reduce inventory cannot be confined to the company's internal,but also to extend the perspective to the company's supply chain,the combination of internal and external can further reduce the cost of inventory management.Finally,applying science and technology to the company's inventory management can greatly improve the effectiveness of inventory management.