Optimization Research On Accounts Receivable Management Of HZ Marine Diesel Engine Manufacturing Company

The manufacturing of marine diesel engine in China is closely related to the development of shipbuilding industry,which is also inseparable from the country’s political and economic security strategy.Since 2003,the leading comrades of the Central Committee have attached great importance to the development of the shipbuilding industry and fully affirmed the positive role of the shipbuilding industry in the development of the national economy.After nearly 20 years of development,the marine diesel engine manufacturing industry has formed a good momentum of development,making the internal competition of the marine diesel engine manufacturing industry more intense.The construction period of marine diesel engine is long,and the proportion of quality assurance deposit is high.Most marine diesel engine manufacturers have little cash flow during the construction of the complete machine.At the same time,the management of accounts receivable of each enterprise is not standardized,and many enterprises have poor fund operation and management.Therefore,it is necessary to study the management of accounts receivable.HZ Company selected in this paper is a medium-sized state-owned enterprise engaged in the design,production and manufacturing of marine diesel engines.Based on the actual situation of HZ Company,the growth range,liquidity and aging of accounts receivable of HZ Company are studied.Through research,this paper finds that there are the following problems within the enterprise:first,the credit management is not standardized;Second,the dynamic management of accounts receivable is insufficient;Third,collection management lacks incentive mechanism.The main reasons are as follows:first,lack of customer credit management system;Second,the management has insufficient understanding of accounts receivable management;Third,the performance appraisal mechanism of collection is not perfect.In view of the above problems,put forward corresponding improvement plans and safeguard measures:optimize departments and institutions in advance,and scientific credit;Contract review and regular reconciliation shall be strictly carried out during the process;After the event,strengthen collection management and establish performance assessment measures for payment collection.It is hoped that the above research will provide a good reference value for the accounts receivable management of HZ Company and other marine diesel engine manufacturing companies.