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Research On Optimization Of Y Company’s Raw Material Inventory Management

Posted on:2023-01-14Degree:MasterType:Thesis
Country:ChinaCandidate:D Y WangFull Text:PDF
GTID:2569306794970529Subject:Business Administration
Abstract/Summary:
With the development of globalization,the development of manufacturing industry is also becoming more and more mature,and the market competition is becoming more and more intense.Facing the homogeneous competition in the market,more and more enterprises seek more scientific management methods for future development,in order to reduce costs and increase efficiency and improve the profit margin of enterprises.In the whole manufacturing and marketing cycle,the importance of warehousing is self-evident.The cost management mode has become the priority for many enterprises to seek a more scientific management mode.This choice can bring the management ideas of the whole links such as procurement,production,manufacturing and sales to enterprises.Especially at present,when the raw material cost of the feed industry accounts for about 60%-70% of the overall cost,the use of this model can continuously improve the efficiency of warehouse management,and setting a reasonable inventory can bring greater profit space for the company.Therefore,it is very necessary to further explore and optimize the inventory management of feed manufacturing industry,so as to promote the development of the whole industry.Y enterprise is a large-scale feed manufacturing enterprise.Due to the characteristics of feed product processing raw materials that are not easy to store,easy to corrupt and easy to deteriorate,in addition,the impact of seasonal changes,changes in temperature and relative humidity and other conditions on stored raw materials must be fully considered in the storage management process of raw materials.This paper takes the raw material inventory management of Y enterprise as the research object.Through analysis and diagnosis,it is found that the main problems of inventory management are:inaccurate demand prediction of raw materials,insufficient standardized storage management of raw materials,formalistic acceptance link and lack of information sharing platform.This paper studies the relevant literature on supply chain management and inventory management methods,and determines to optimize the raw material inventory management by using the methods of quantitative analysis and ABC classification.Based on the idea of customer demand-oriented supply chain cost management,the combination method of univariate linear regression model and exponential smoothing method is applied to demand forecasting and forecasting,and the raw materials of Y company are scientifically and effectively classified.Through practice,it is found that the inventory days of raw materials and finished products have been improved compared with the same period,and the overall inventory structure has an obvious positive trend,which provides a reference for similar enterprises to better carry out inventory management and reduce costs.
Keywords/Search Tags:feed enterprise, supply chain management, inventory management
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