The Research About Inventory Cost Management Of T Company

T Company is a foreign candy manufacturer.So far,it has gone through 17 years of ups and downs from its establishment in 2000.In recent years,affected by the macroeconomic adjustment and upgrading of the industrial structure,the candy industry is facing a new trend of development.The number of new entrants into the industry continues to increase,the prices of raw materials continue to rise and the profits of the industry decrease.Currently,inventory plays an important role in the daily management of the business.Inventory is an indispensable resource for daily business activities that bring economic benefits to the enterprise.Stocks share a high proportion in all assets in most of enterprises,far exceed the fixed assets.The problem is even more serious and prominent in the manufacturing industry.In this report,I meant to provide new ideas and methods for T Company and other manufacturing enterprises like that,as well as to provide reference and new value for the theoretical research of inventory cost management by studying T Company inventory cost management.The report is mainly divided into four chapters: The first chapter is brief introduction,mainly elaborate the research background and research significance,summarize and review latest related research results of existing scholars,and introduce research contents and methods.The second chapter describes development history of T Company and has an overview of the stocks management.The third chapter firstly analyzes the influence of inventory cost on the profit performance of T Company,and then elaborates the current situation and problems of inventory cost management.It points out that T Company have some problems such as incomplete system and non-standard process in supplier management and purchasing,which means T company needs to rectify and strengthen inventory cost management.Based on the discussion of previous description,the author use quantitative and qualitative analysis method comprehensively in analyzing inventory cost management issues in T company;The last chapter propose methods and advices to improve T Company's inventory cost management,which is ABC classification management implementation methods,respectively,introduced how to build a supplier management evaluation system and inventory ABC differential classification management,as well as economic order quantity model to choose the right opportunity to purchase.Through these methods,the author hope to reduce the total cost of inventory management,and help T Company to understand and solve their inventory cost issues.