Research on Inventory Cost Control of China Resources Vanguard

DOI

10.2991/emle-18.2018.48How to use a DOI?

Keywords

chain supermarket; China Resources Vanguard; inventory cost control

Abstract

This paper takes the inventory cost control of chain supermarket as the research topic. By reading relevant theoretical knowledge about cost control and inventory management, combined with domestic and foreign scholars' research on inventory cost control, it makes the summary from practical application. Also, it provides theoretical basis for analyzing the inventory cost control of China Resources Vanguard. The two foreign large-scale chain supermarkets of Wal-Mart and Carrefour are compared and analyzed with comparative analysis. It is concluded that the foreign retailers in selling goods at low prices is to establish a good strategic partnership, attach importance to process management, and improve information systems and standardize the work flow. The inductive deduction method was used to analyze the inventory cost control of China Resources Vanguard Supermarket in terms of operation status and inventory cost control. It is found that there are problems in the total inventory cost, inventory order cost and inventory shortage cost, resulting in low turnover rate, high inventory holding cost and unsatisfactory procurement cost. This has affected the pricing of commodities and reduced the core competitiveness of enterprises. Therefore, in combination with the above problems, this paper proposes some suggestions for inventory cost control based on the current actual situation of China Resources Vanguard. It not only has practical significance for inventory cost control of China Resources Vanguard, but also has certain reference value for the inventory cost management of China's overall chain retail industry.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Li Yangyan
PY  - 2018/12
DA  - 2018/12
TI  - Research on Inventory Cost Control of China Resources Vanguard
BT  - Proceedings of the 4th International Conference on Economics, Management, Law and Education (EMLE 2018)
PB  - Atlantis Press
SP  - 267
EP  - 273
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-18.2018.48
DO  - 10.2991/emle-18.2018.48
ID  - Yangyan2018/12
ER  -