Research On Working Capital Management Of HL Company Based On Channel Theory

Working capital management,as the basis of company management,is an indispensable part of financial management.But at present,there are some defects in the working capital management mode used by enterprises in our country,so it is urgent to seek a working capital management mode to adapt to the development of modern enterprises.Professor Wang Zhuquan,director of the China enterprise working capital management research center,suggests using channels to manage the funds of Chinese enterprises,and combining working capital management with supply chain management or channel management through management channels and downstream terminal customers.This kind of combination management mode,which combines with customer relationship organically,can optimize the use of funds from the perspective of enterprises,and effectively improve the liquidity management level of funds.Based on the current situation of HL Company’s working capital management,this paper explains the classification and limitations of traditional working capital management theory from the perspective of theory through induction,case analysis and comparative analysis combined with channel theory.From a practical point of view,by introducing the current research on supplier management,customer relationship management and channel relationship management,this paper analyzes and calculates the scale and operation of working capital management of HL Company from a new perspective,and regards financial indicators as a complete whole,breaking the limitations of one-sided research on various financial indicators,and identifying HL Company In working capital management,there are real problems to improve the management efficiency of enterprises.Combining with the development situation of HL Company’s automobile manufacturing industry,this paper uses six other automobile manufacturing companies in the front end of the industry as comparable enterprises,and provides some theoretical solutions for how to strengthen the management of funds required by HL Company’s operation,improve the operation level and profit level of the company,such as strengthening the management of suppliers,controlling the procurement risk,and optimizing the production In order to meet the market trend,improve the distribution channels and form efficient logistics distribution.The solutions discussed in this paper are helpful for HL Company to improve its management efficiency and optimize its capital management,which is of great significance to maintain the stable development of the company.This is meaningful for HL Company and even the whole automobile manufacturing industry.