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Research On Inventory Management Optimization Of A Automotive Interior Company

Posted on:2022-10-10Degree:MasterType:Thesis
Country:ChinaCandidate:Q WangFull Text:PDF
GTID:2492306479478074Subject:Master of business administration
Abstract/Summary:PDF Full Text Request
With the intensification of market competition,many Chinese manufacturing companies do not hesitate to hoard large amounts of inventory in order to expand market share,ensure production and meet delivery deadlines.Only focus on the increase in sales,ignoring the importance of inventory management.Even if the sales increase,the profits will be slowly swallowed up by the high inventory.In addition,the development of technology continues to accelerate the speed of product upgrades,which also brings great challenges to enterprise inventory management.Therefore,optimizing inventory management is a top priority for current manufacturing companies.The research object of this article is a private enterprise that produces composite materials for automotive interiors.It faces inventory problems such as unreasonable inventory structure,overstocking of raw materials,and low inventory turnover.This article is guided by inventory management theory,uses the ABC classification method to classify raw materials,establishes partnerships with key suppliers,implements the VMI strategy,uses scientific calculation methods to set reasonable safety stock values,and standardizes inventory coding,product identification and traceability management,Promote the application of barcode technology and intelligent AGV trolley in production.Link financial indicators with inventory indicators,strengthen detailed analysis of data,and improve management’s awareness of optimizing inventory management.Finally,measures such as strengthening personnel training,improving remuneration and internal control,and increasing IT system construction to ensure the implementation of the optimized plan.It is hoped that the introduction of a series of optimization programs can improve the inventory management level of the enterprise,effectively improve the efficiency of inventory management,and play a positive role in the development of the enterprise.
Keywords/Search Tags:Inventory management, Safety stock, Supplier managed stock
PDF Full Text Request
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