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Inventory operations management mode of Shandong TY fertilizer Co. , Ltd.

Author: LiuPeng
Tutor: FengYi
School: University of Electronic Science and Technology
Course: Business Administration
Keywords: Fertilizer Stock Management
CLC: F274;F426.72
Type: Master's thesis
Year: 2009
Downloads: 92
Quote: 0
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Abstract


This article through the TY company in which the fertilizer industry, fertilizer industry, including products, production operation, especially the introduction of the inventory, provide the content of the course of development of the industry and the industry's basic direction that the fertilizer industry in a variety of problems and challenges, and highlights the problem to be solved for the development of medium-sized fertilizer companies like TY such inventory management. Based on the environmental conditions, expand fertilizer manufacturing enterprise inventory management: 1. Development level of China's fertilizer industry as a whole is not high, the operating costs of enterprises, in particular, the cost of inventory management, restricting the development of enterprises, in order to the global economy continue to survive in the contemporary context integration and development in innovative research must be carried out in the operation and management of enterprises, in order to maintain effective competition in the market operators vitality. 2. Stability and market demand for fertilizer production and seasonal volatility great imbalance between the prevalence of the large stock of raw materials and production of finished products led to occupy too much liquidity situation, excess inventory cover up the enterprise the presence of a number of management issues. Fertilizer consumers overall majority of farmers received lower prices for fertilizer products is very sensitive to the need to reduce costs in all aspects of inventory management, and enhance cost leadership strategy. Due to the large production of NPK compound fertilizer enterprises the same as or similar to raw materials and production process, resulting in growing product homogeneity, in this case, how to grasp customer needs and continuously improve the quality of service gradually became the fertilizer business is certain to win magic, reduce costs, improve product cost, customer satisfaction marketing strategy is an important and even indispensable ways. From TY procurement - production - sales of the entire operational chain of departure for ubiquitous large inventory of raw materials and finished goods inventory status, and study its impact on various aspects of the analysis of inventory costs of product sales, the impact of the procurement of raw materials to explore reduce the significance of inventory, and to find ways and means to reduce inventory costs and improve the company's relative competitive advantage. Through this study, it can provide useful discussions on inventory management for China's small and medium-sized chemical fertilizer, fertilizer companies to improve the efficiency of inventory operations, to play a leading role in the effective implementation of cost leadership and differentiation strategy for the fertilizer business.

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