Research on Working Capital Management Performance of Wuliangye from the perspective of supply chain
DOI:
https://doi.org/10.54097/8jqt8r86Keywords:
Supply chain, Wuliangye, Working capital managementAbstract
During the process of the firm's continuing existence and expansion, the working capital of the enterprise, which is the most liquid asset of the business, plays a critical part in the process. The liquor industry has been under the simultaneous strain of market consumption structure upgrade and overcapacity in recent years. Both of these pressures have been a challenge for the sector. As a consequence of this, the amount of competitiveness that exists within the industry has recently increased. Therefore, the industry needs to leave its old way of thinking, which focuses on the management of its internal working capital, and instead pay more attention to the performance that is brought about by coordinating with important firms in the supply chain. This is because performance is directly related to the efficiency of the supply chain. Using Yibin Wuliangye Co., Ltd. as the research object, this paper first examines the internal structure of the company's working capital, then, from the perspective of the supply chain, from the procurement, production, and sales of three links, conducts an in-depth analysis of the status quo of the company's working capital management, discovered that Wuliangye in the management of the working capital of the three links of the problem of occupying too much of the funds of the suppliers, higher production costs, and the reduction of contractual liabilities. In conclusion, it provides targetedrecommendations for optimisation with the purpose of enhancing Wuliangye's capability to adequately manage its working capital and promoting the long-term growth of the company.
Downloads
References
Fugeng Mao. The Basic Principles of Working Capital Management. Accounting Research. 1995(No. 01), p. 38-40.
Liwen Liu. The development process of supply chain management thought and its theory and method. Journal of management science. 2003 (No. 02), p. 81-88.
Zhuquan Wang, Guanglin Ma. Distribution channel control: the focus of working capital management of cross-regional distribution companies. Accounting research, 2005(No. 06), p. 28-33+95.
Zhuquan Wang, Yongmei Pang, Jianqiang Sun. Review and prospect of working capital management research at home and abroad. Accounting Research. 2007(No. 02), p. 85-90+92.
Qimin Jiang, Youyan Hu. Construction of working capital management model based on supply chain theory. Finance and accounting monthly. 2009(No. 34), p. 18-20.
Yueling Zhang, Huilin Hong, Xiaopei Xing, et al. Research status and prospect of working capital management in Chinese enterprises. Friends of Accounting. 2012(No. 11), p. 17-21.
Zhuquan Wang, Xiuhua Wang. Business processes and operational working capital management performance: influencing mechanisms and cases. Finance and accounting newsletter. 2012(No. 19).
Yujiang Xie. Research on innovation of enterprise working capital management based on channel management. Finance and accounting newsletter, 2016(No. 35), p. 68-70.
Raman A, Dubey K A. Combined Effect of Just-in-Time and Vendor Managed Inventory Elements in Hospitals. IUP Journal of Operations Management, 2019 (No.04), p. 7-19.
Gopalakrishnan M, Mohan S. Exploring the link between inventory and working capital through variability reduction across a food-based CPG supply chain -an empirical case study. International Journal of Services and Operations Management, 2021 (No.02), p. 170-187.
Lijuan Lan. Supply chain management and business performance improvement in retail enterprises: Moderating effect based on working capital management efficiency. Commercial economic research. 2021(No. 08), p. 106-109.
Qionghua Gao. Enterprise working capital management performance evaluation from the dual perspective of "factor + channel". Finance and accounting newsletter. 2021 (No. 06), p. 117-121.
Binbin Li, Hong Wang. Research on performance evaluation of working capital management of S Group under quasi-financial model——Multiple cases based on the dual perspective of "factor - supply chain". Finance and accounting newsletter. 2022(No. 22), p. 121-126+162.
Haitao Hou. Research on the influence of supply chain integration on firm performance——Based on the quality management perspective. Commercial economic research. 2022(No. 07), p. 117-121.
Downloads
Published
Issue
Section
License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.







