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Research Paper | Business Management | China | Volume 7 Issue 3, March 2018
Study on Value Chain Promotion of Manufacturing Enterprises from the Perspective of Business and Financial Integration
Abstract: Since currently manufacturing enterprises are faced with the increasing fierce external market competition, the internal cost reduction and efficiency enhancement, it is imperative to enhance the efficiency of their value chain. First of all, this paper applies the theory of value chain. the value chain theory is applied to select purchasing, production, sales and financial activities. Secondly, taking the construction of information platform as the starting point, choose the key links in the primary activities and support activities of the manufacturing enterprise value chain. Connect the sales and the production through the SMS system to achieve accurate sales forecast, and to realize the control of production plan and finished goods inventory, connect the production and the procurement through the SRM system and implement VIM management mode to save the procurement cost. In this paper, the key links of the value chain promotion of manufacturing enterprises are the production, sales of primary activities and the procurement, procurement and finance of support activities, and since the financial activities follow the business, information platform should be established to link up these activities so as to realize the sharing of information among them and the enhancement of the value chain of manufacturing enterprises.
Keywords: Manufacturing enterprises, Business and financial integration, Information platform construction, Value chain
Edition: Volume 7 Issue 3, March 2018,
Pages: 1080 - 1085
How to Cite this Article?
Zhang Weihong, Tan Xiaoying, Wang Xin, "Study on Value Chain Promotion of Manufacturing Enterprises from the Perspective of Business and Financial Integration", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=ART2018635, Volume 7 Issue 3, March 2018, 1080 - 1085, #ijsrnet
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