The Study On Inventory Cost Control Of A Corporation

Inventory occupies a pivotal position in the balance sheet as a company's current assets.It is also a source of sales revenue and cost of sales in the income statement.With the increasingly fierce competition in the Chinese market,the issue of inventory cost control has received more and more attention.Inventory cost control is an important production and operation activity for enterprises.By strengthening the control of inventory costs,enterprises can not only ensure that production and operation activities are carried out in an orderly manner,but also reduce the company's sales costs,gain pricing advantages for enterprise products,and thereby expand the audience Improve economic efficiency and promote enterprises to take a leading position in the same industry.By focusing on key control points in the inventory cost control work process,enterprises can establish a complete inventory cost control system that can effectively control inventory costs,protect the integrity of inventory assets,increase the value of funds used,and reduce financial risks.For enterprises,if the cost of inventory is not effectively controlled,it will affect the operating profit of the enterprise in the short term,and will restrict the development of the enterprise in the long term.It is particularly important to establish and complete a complete inventory cost control system.This article is based on the relevant theory of enterprise inventory cost control,takes A sports shoes and apparel manufacturing company as a research sample,and adopts case analysis,literature research,and survey research methods to control the current status and related business processes of company A's inventory cost control.Through data analysis and research,it was found that Company A currently has insufficient and accurate inventory budgeting,insufficient inventory procurement system processes,insufficient inventory storage management,insufficient information in the inventory system,and defects in inventory accounting management.In order to solve these problems,this paper puts forward the corresponding optimization measures in combination with the key link control points in the "destocking" management method.In the stages of inventory planning,use,and storage,implement a comprehensive budget and strengthen inventory budget control;standardize the procurement process and focus on inventory procurement control;regular inventory cleaning and revitalize the effectiveness of inventory assets;set up an ERP team to improve the level of material management;strengthen financial accounting Truly reflect the cost of inventory.This article explores the use of "destocking" managers to reform and innovate the company A's inventory cost control system,to achieve the purpose of controlling inventory costs,and to providenew ideas for company A to optimize inventory cost control.On the other hand,the conclusions of the study provide reference for other companies' relevant decisions.