Measures to Improve the Inventory of Steel Industry in Supply Chain Environment

Wenbo SU

Abstract


Iron and steel industry as a pillar industry has made a significant contribution to our country’s economic development. But in the early two years, steel industry appeared a downward trend because of the factors such as overcapacity and so on, therefore, the revitalization of China’s steel industry has become the focus of economic development, and the steel inventory has become a hot research issue. Reasonable inventory can reduce the time of the business process activity, make the enterprise speed up the reaction of the market, promote the production and business operation of the enterprise efficiency, reduce unnecessary inventory and related costs, and speed up the turnover of funds of the enterprise. Inventory control is an important part of the iron and steel enterprise’s third profit source, which directly affects the enterprise’s profit level and core competitiveness. Hence how to obtain reasonable inventory through using advanced management methods and mathematical models; how to meet customers’ service requirements through promoting production capacity of iron and steel enterprises in the industry should be the pursuit of the goal. This is also the article main research task to analyse the common problems based on the characteristics of iron and steel enterprise inventory in China and the management of “high cost, low profit”, use the measures of agile supply chain inventory control model, to solve the problems of the inventory control. Optimize each enterprise inventory and production logistics equilibrium of the chain, in order to achieve “win-win” of the cost and time, improve the efficiency of the whole steel industry under the environment of supply chain, make it out of the trouble and develop rapidly.


Keywords


Supply chain; Agile supply chain; Inventory; Iron and steel industry

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References


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DOI: http://dx.doi.org/10.3968%2Fj.mse.1913035X20130703.2626

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