Research On The Internal Control Of Inventory Management In Pharmaceutical Manufacturing Enterprises

The pharmaceutical manufacturing industry is a high-tech industry that blends traditional civilization with modern science and technology.It is an important part of China's national economy,and it concerns the vital interests of hundreds of millions of people in China and affects everyone's pursuit of a healthy,safe life.In recent years,with the continuous advancement of the reform of the medical system,the increase in per capita income,and the accelerated aging of the population,China's pharmaceutical industry has continued to show good development trends.Inventory as an important part of corporate liquid assets,its management and utilization of the level of business is directly related to the level of business management and asset operating costs and efficiency.Especially in the pharmaceutical manufacturing industry,because its main product is pharmaceuticals,the country has very strict standards and specifications for the production,storage,and transportation of pharmaceuticals,resulting in a high risk of inventory management in the pharmaceutical manufacturing industry.The continuous occurrence of commercial bribery and uncontrolled quality of medicines has seriously threatened public health and safety.The occurrence of these incidents is inextricably linked to the absence or failure of internal control in pharmaceutical companies.Therefore,it is extremely urgent to establish a sound and effective internal control system for inventory management.Reasonable internal control of inventory management helps to ensure the safety and integrity of inventory assets,speed up the inventory turnover rate,and improve the efficiency of fund use.It is an important guarantee for the sustainable and steady development of production and business operations and the realization of business objectives.This article takes A Pharmaceutical Co.,Ltd.as the research object and studies the internal control of the enterprise inventory management.First of all,this article elaborates the related concepts and theoretical basis of the internal control of inventory management,including the related concepts of internal control,the concept of internal control of inventory management and the theoretical basis of the internal control of inventory management such as principal-agent theory,incomplete contract theory,system theory,and information theory.Secondly,this article introduces the current status and existing defects of A Pharmaceutical Co.,Ltd.'s internal control in the aspects of inventory procurement,income checkout,storage and delivery.The defects in the internal control of inventory management in A Pharmaceutical Co.,Ltd.include excessively centralized examination and approval authority,inaccurate selection criteria of suppliers,and imperfect assessment mechanism in the future,unqualified inventory inspection and revenue collection procedures,failure to implement periodic job rotation system,and omissions in storage and storage methods.The daily supervision of the warehouse is poor,inventory review procedure is lacking,and transportation and distribution costs are too high.Thirdly,this article analyzes the five aspects of the control environment,risk assessment,control activities,information and communication,and internal supervision,and points out the underlying causes of problems in the internal control of the inventory management of A Pharmaceutical Co.,Ltd.Finally,based on the actual situation of A Pharmaceutical Co.,Ltd.,this article proposes an overall optimization of improving the company's internal control environment,establishing a sound risk assessment system,standardizing inventory management and control activities,establishing a smooth inventory information transmission and communication channel,and strengthening the role of internal oversight mechanisms.Strategy and put forward specific business process optimization strategies such as inventory procurement,inspection revenue collection,storage and distribution of A Pharmaceutical Co.,Ltd.,with a view to designing a set of basic standards for internal control,which is also targeted,practical and operational The inventory management internal control management system.