| With the development of the market economy,the competition among various enterprises in the manufacturing industry has become increasingly fierce.Who can effectively control the cost of the enterprise and quickly respond to the customer needs has become a major problem for all enterprises.The research object P company has encountered such a situation.As the sales scale of the enterprise continues to expand,the market share continues to increase,but the operation cost is getting higher and higher,especially the high stock value,which not only takes up a lot of cash capital,but also directly affect the company’s profit and loss reporting figures.In order to solve this problem and improve the competitiveness ability of P company,by the fully researching on the current situation of P company,the corresponding inventory management optimization strategy was formulated.The main problem faced by P company is that the proportion of stock value is too large,which makes it impossible for enterprises to effectively apply the funds to the operation of enterprises;the inventory coverage is too high,and the excessive inventory cannot be effectively turned over,it takes longer time to convert it to income;overstocked inventory is too high,due to customer orders adjustment and produce standing stock for finished goods or semi-finished goods,the stock holding cost are increased dramatically;low on time delivery rate,lead to continues customer complaints,also affecting customer satisfaction rate.The main reasons of these problems lie in several aspects: the material management method is too simple,it is only based on safety stocks management,it makes the managers are unable to find correct clues when deal with the material management issue.It is hard to analysis which part needs to be improved and which are not,it is difficult to concentrate on the key issues;the demand forecast of semi-finished products is inaccurate,resulting in a lot of stock material are hard to sell;material matching rate is low,there is a lot of waiting time in the production process,usually the overall production plan is postponed in order to wait for a certain key materials;supplier management strategy is not good,the selection and evaluation of suppliers are only focus on the purchase price and neglect other factors,resulting in frequent changes of suppliers,which is not conducive to long-term cooperation.Based on the above analysis of the current situation and main reasons of P companies,I also read and researched lots of advanced inventory management theories,domestic and international literatures,developed the JIT lean production solution based on ABC material classification for internal supply chain,developed the vendor management system(VMI)for external supply chain.By the cooperation of internal and external supply chain management,the inventory management will be optimized for P company.This article not only contains theoretical concepts and improvement plans,but also contains further action plan for each solution,it is aiming to achieve the purpose of improving inventory management and reducing stock value for P company by specific action plans,hope it will be also helpful for the other companies in this manufactory industry. |
