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Research Status of Inventory Management at Home and Abroad
Analysis on the current situation of inventory management in domestic and foreign enterprises

I. Domestic Status and Analysis:

At present, some domestic enterprises have adjusted their inventory management, and many cases have benefited from it. The inventory cycle of most enterprises in China is as long as 5 1 day, and the transportation cost alone accounts for 20%-30% of the sales. From the composition of logistics cost, the logistics management cost in China accounts for 14% of the total cost. In the United States, the inventory cycle of some enterprises is only 8 days, which means that the inventory cycle in the United States is only 3.8%. The inventory management of logistics enterprises is actually to reduce their costs. As a part of supply chain, logistics enterprises should implement it from the perspective of supply chain, whether it is managing inventory or reducing costs. Because the development of China's logistics industry is still in the initial stage to maturity, the overall experience of logistics planning ability is still insufficient, the degree of logistics informatization is not high, and many logistics management is still manual management, which directly leads to high warehousing and inventory costs. However, judging from the trend of enterprise informatization since 1960s, the inventory management of logistics enterprises also needs informatization, networking and high integration. With the rapid development of information technology and the influx of large foreign logistics enterprises into China, inventory management, as the core part of modern enterprise logistics management, should also adapt to the development of the times. The classic inventory management mode in China is Boss Electrical Appliances. Boss Electric Appliances, after white goods, another category of China's household appliances industry has won the first place in global sales. On September 2nd, 20 16, at the IFA exhibition being held in Berlin, Germany, a survey data of global independent brand range hoods released by Euromonitor International, the world's authoritative market research organization, showed that the retail sales of boss electric range hoods accounted for 5% of the global market in 20 15, ranking first in the world. This is the first time that the kitchen appliance industry in China has won the first place in the world in the past 30 years. Boss Electric stands out among the global brand giants with "experts gathering", which not only relies on its own product quality and brand competitiveness, but also relies on its own selling point and low-price strategy to open the market. Its own inventory management model is also an important factor for success.

After every product of Boss Electric Appliances is sold, whether online or offline, in a physical store or online platform, Boss Electric Appliances Headquarters will receive the sales information synchronously, and at the same time, the headquarters will timely summarize the sales situation of each sales outlet and feed back the shortage list of each sales outlet, which will not only be distributed according to the demand of each sales outlet, but also be summarized to the production department, which will produce the required products according to the actual demand, instead of producing the best-selling products in a certain sales quarter. It can be said that the inventory management of Boss Electric Appliances embodies the wisdom of modern inventory management, which not only depends on the speed of information synchronization in the information age, but also its advanced inventory management concept is very important. You know, many enterprises will produce their own products when they see that their products are selling well. Inventory is a current asset held to meet the normal production and sales needs of enterprises and an important economic resource that can bring economic benefits to enterprises. At present, the inventory funds of Chinese enterprises account for about 20%-30% of the total funds, and some enterprises (such as real estate enterprises) even account for more than 50%, which determines that the inventory funds management of enterprises plays an important role in the whole capital flow management; At the same time, it also shows that the phenomenon of inventory capital precipitation is more serious and common, which increases the cost of enterprise capital use and inventory risk cost. Since the beginning of industrialization, people have been exploring and studying the theory and practice of inventory management, and put forward many models and methods of inventory management, which have achieved good results in practice. In China, there are many problems in inventory management due to various reasons. For example, China has not entered the market economy from the planned economy for a long time, and the traditional ideas and methods of inventory management are still restricting people's thinking and behavior, restricting the application and development of advanced inventory management theory in practice, making the overall inventory management level of Chinese enterprises low. The most prominent problem is that the inventory has been high, even on the rise. Through the collection and arrangement of statements of listed companies, combined with the actual investigation, inquiry and observation of enterprises, this paper understands the current situation of enterprise inventory management level and inventory quality, finds out the problems existing in inventory management, finds out the reasons for the problems in inventory management, and further analyzes the factors affecting inventory management.