Research On Working Capital Management Of Xinjiang Urban Construction Group From The Perspective Of Supply Chain

Working capital management as one of the important parts of enterprise management,to ensure the normal operation of the enterprise and maintain the vitality of the enterprise and seize the market opportunity,are closely related to the flow of working capital and turnover efficiency is reasonable.Since 2018,investment in broad new infrastructure industries,such as rail transit,park development and waste disposal,has continued to rise,and most construction enterprises have shifted their development focus to new infrastructure construction.Market development bring new opportunities and challenges,construction companies need attaches great importance to the management of working capital,way to improve the previous lack of fine management,and in view of the asset-liability ratio and high accounts receivable,indirectly lead to problems such as enterprise anti-risk ability weakened is optimized to improve,the traditional method is according to the elements of working capital management in individual optimization limitations,to abandon the traditional way of money management,capital management and business management integration,combined with supply chain management of working capital management is not only in the enterprise internal optimization,also involves the optimization of supply chain.Working capital management in the decision-making planning in addition to taking into account the enterprise itself,and suppliers,customers to achieve information sharing,through the establishment of supply chain relationship,integration and optimization of the upstream and downstream resources of the supply chain.According to the experience of domestic and foreign enterprises,their financial managers spend 60% of their time on working capital management.Therefore,it is particularly important to understand the meaning of working capital,clarify the objectives of working capital and master the contents and methods of working capital management.Based on the literature research and case analysis,in this paper,the working capital management status quo of xinjiang urban construction group is analyzed,from the perspective of supply chain,the enterprise working capital items reclassified division,a more reasonable supply chain each link between the capital relations,more conducive to find out the xinjiang capital operating problems of the urban construction in the process of operation,and according to the problem of supply chain each link is more targeted optimization Suggestions.Through research and analysis,in the bidding and procurement link in the early stage of the enterprise,the proportion of accounts payable of the company’s working capital is not low,and the accounts payable cycle is too long will lead to the reputation of the enterprise.In the process of production and construction,the unscientific management method of products leads to high production costs and poor cash flow capacity.And the final stage of the completion of the settlement of accounting income in the process of huge accounts receivable,turnover period is long,the speed of collection is slow.The causes of the above problems are attributed to the company’s lack of scientific and systematic awareness of working capital management,There is no perfect working capital management mechanism and lack of talent training.Therefore,this paper focuses on the corresponding problems of each operation and stage of the building supply chain,and puts forward feasible improvement measures for the problems arising from the corresponding elements of each link,from strengthening the communication and cooperation with suppliers,building a leading scientific supply chain inventory management mechanism,implementing centralized management and control measures for the use of funds and enriching the ways of raising funds,to building a sound account receivable management mechanism,and strengthening the design of accounts receivable procedures and improving them from the point of view of supply chain,and paying attention to the training of talents,and giving a series of optimization suggestions.Therefore,in order to manage working capital as a whole,enterprises must closely connect working capital management with supply chain theory,change the working capital management method from simple mathematical method to supply chain optimization and management,and reasonably allocate and utilize resources in specific working capital management practice in combination with their own characteristics,Improve the management level of the whole supply chain.