The Optimized Research On The Management Of Working Capital Of T Enterprise Based On Value Chain

For the survival and development of enterprises,working capital plays an important role in maintaining the enterprise vitality.Therefore,for many enterprises,how to use the working capital efficiently is the key to success in the competition of fierce market,speed up product innovation,and enhance comprehensive competitiveness.The management of working capital,which based on the value chain,it is not only beneficial to allocate the resources of each value-added link within the enterprise and reduce the waste of resources in the internal value chain,but also conducive to the construction of the value chain of interest community between the supplier,enterprise and customer,so as to realize the value increment of interests in each link of the external value chain.In view of this,this paper takes the working capital management of T enterprise as the research object,the comparative study method was used for analysis,understand the current situation of working capital management of T enterprise,and to find the existing problems and causes of T enterprise.Combined with the value chain theory,the following improvement measures are proposed for the deficiency of T enterprise's working capital management:(1)Use JIT purchasing mode to avoid bulk purchase and strengthen cross-department purchasing information communication to reduce purchasing costs;(2)Adjust the production plan according to the sales situation,improve the inventory management system to reduce the overstock,pay attention to research and development innovation to give new vitality and competitiveness to the products;(3)Open up the domestic market and build enterprise brand to improve the situation of unmarketable products;(4)Establish cooperative consensus with suppliers to improve the evaluation and selection mechanism of suppliers in the early stage and maintain friendly cooperative relations with sustainable suppliers;(5)Strengthen receivables management to reduce financial risks,improve customer service quality to enhance market competitiveness.Finally,using the value chain management idea to manage T enterprise,for internal part of T enterprise,further improve the procurement of raw materials procurement system,improve the production link inventory management efficiency,broaden the marketing link sales channels;For external of T enterprise,it can manage accounts payable and accounts reasonably,maintain relationship with upstream suppliers and downstream customers,so as to set up the supplier-enterprise-customer combination benefit community,speed up the enterprise internal and external operating capital circulation,increase the enterprise's operation,in order to assist T company stay ahead in a new round of market challenges,enhance core competitiveness.