Research On Inventory Management Of Hqt Companies In The Fast Fashion Consumption Era

In recent years,excessive inventory,inefficiency in operation,and problems in inventory management have been troubling the entrepreneurs in the traditional shoes and apparels industry.Whether the methods in inventory management in those industries are reasonable and scientific or not,not only has it something to do with the business mode,but also the operation management.nowadays,there has been a massive amount of feasible theories and solutions,which have been deepen and improved in business operations in different industries.For the sake of the controllable inventory,the high core competitiveness,and the improved efficiency,taking the listing corporation:the HQT Group as a example,and we make a research into FMCG(fast moving consumer goods)inventory management,and then provide some new feasible measures and solutions to the inventory management.The HQT Group,which is a representative coporation in shoes and apparels industry in domestic market,have been badly troubling by these 4 inventory management problems for the past 3 years: the on-going exploding inventory quantity,the droping off turnover rate,the on-going increasing overdue inventory quantity,the inefficiency in inventory assets,etc.After a deep research into the HQT Group business mode,then we come to the couclusions that outdated business mode and commodity fair,the unreasonable demand planning,the inflexible supply chain management,the massive and isolated distribution networks,and the extensive merchandise management are the reasons for those inventory management problems.This article,referred to the successful business mode of the foreign fast fashion brand and applied the analysis and inductive method,will provide some practical measure and sulotions.Through reference to the classic inventory management literature and working expierences,we humbly make some proposing solutions:(1).market demand oriented,implement of merchandise planning based on new products trial sale performances;(2).building up a flexible and efficient supply chain;(3).optimizing corporation interior management,and improving the delicacy management on merchandise;(4).consummating the distribution networks and IT(information and technology).As we know,the inventory is one of the most important assets in every corporation,that is, inventory management runs throughout the whole business process.This article,based on the features of inventory management of the HQT Group,will put forward some feasible solutions to inventory management,which apply to other shoes and apparels corporations.