基于流程的库存管理要素对库存管理水准和财务绩效影响的实证研究

中国人民大学硕士学位论文基于流程的库存管理要素对库存管理水准和财务绩效影响的实证研究姓名：孙东申请学位级别：硕士专业：@指导教师：@200605011DavidJClossInventoryControlReactiveInventoryManagementInventoryPlanning1SPSS2DRP231H1aH1bH1c2H2aH2bH2cH1aH1bH1c23AbstractInventorymanagementishavingbeenoneofthestrategicfunctionsinfirmsinthesupplychainmanagementfield.Inventorycouldkeeptheproductionandthedeliveringoperatingcontinuously;buffertheriskfromdemanduncertainty.However,inventorycouldalsobringtheburdenofinventorycostwhilepreservingmanybenefits.Itwouldbeofgreatimportanceforfirms’improvementtostudyontheimpactofinventorymanagementonfirms’performance.Inventorypolicyistheprincipleofinventorymanagementmethods,whichrelatetotheinventoryperformance.DavidJClosshasproposedthatthreecomponentsareincludedintheinventorypolicy:InventoryControl,ReactiveInventorymanagement,InventoryPlanning.Buthowthesecomponentsimpactinventoryperformance,evenfinancialbenefits;whichcomponentsinfluenttheinventorymanagementlevelofChineseenterpriseremainedtobeexplored.Anempiricalstudyisofferedtoexploretheimpactoftheinventorypolicyoninventoryperformancewithfivemainchapters.ChapterOneintroducestheresearchbackgroundofthepaper,theobjectivesandmeaningoftheresearch,andthemethodology.Throughexploringtherelationshipbetweeninventorypolicyandinventoryperformance,combinedwithpreviousempiricalstudiesonthelinkagebetweeninventorypolicyandfinancialbenefits,thethesisaimstoinvestigatehowtheinventorypolicyaffectfinancialperformance.Theresearchisdesignedtouseempiricaltestbytheuseoffactoranalysisandanalysisofdatacollectedfromdomesticmajorenterprise.Theresultsofthehypothesestestingwerevaluedtorevealhowdifferentinventorypolicyaffectstheinventoryperformanceandfinancialbenefits,withtheaimtogivesomesupportiveadvicefourourdomesticenterprisetoimprovefinancialperformancebyimplementingappropriateinventorypolicy.ChapterTwo,thestudyoninventorypolicyandinventoryperformanceisthoroughlyreviewed.Firstly,weelaborateonthepositionofinventorymanagementandthetwoinventorycontrolmethods:PeriodicReviewandContinuousReview.4Andthen,wemoveontotheimpactofpullinventorysystemoninventoryperformance.Next,weintroducethefamousinventoryplanningmethodwhichisusuallyignoredbyChineseenterprise.Finally,welistsomecollaborativeinventoryplanningmethodswhichareusedtobufferdemanduncertaintythroughinformationsharing.Fromthereviewabove,wecandrawthefollowingconclusions:inventorypolicyhasaffectedinventoryperformancesignificantly,andtheinventoryperformanceimpactedthefinancialbenefitsdirectly.Therefore,ourhypothesesandmodelsarelistedbelowinChapterThree:Model1H1a:InventoryControlhasapositiveimpactonInventoryPerformance.H1b:ReactiveMethodshaveapositiveimpactonInventoryPerformance.H1c:InventoryPlanninghaveapositiveimpcctonInventoryPerformance.Model2:H2a:InventoryPerformancewillbepositivelyrelatedtoFinancialPerformance.H2b:ReactiveMethodswillbepositivelyrelatedtoFinacianlPerformanceH2c:InventoryPlanningwillbepositivelyrelatedtoFinacianlPerformanceTwosetsofhypothesiswereestimatedusingfactoranalysisandpathanalysis.Theitemschosenwerebaseduponmeasuresvalidatedinpastresearch.Accordingtotheresultsofempiricaltest,hypothesesH1a,H1bH2aandH2bweresupportivewithtwoexception-H1c,thepositivebutnotsignificantandH2c,thenegativeandsignificant.TheconclusionsofthestudyimplicatethatinChina,differentinventorypolicyelementsgivedifferentimpactonfinancialperformanceofsupplychain:inventorycontrolandreactivemethodswillbepositivelyrelatedtotheinventoryperformancewhileinventoryplanninghasnoimpactoninventoryperformance.Theconclusionalsoindicatesthattheinventoryperformancehasapositiveimpactonfinancialperformancebuttheinventoryplanninghasanegativeimpactonfinancialperformance.Basedupontheconclusions,thepapergivessomesupportiveadvicefor5Chineseenterprisetotakeproperinventorypoliciestoimproveinventoryperformance,avoidroteandelevatetheleveloffinancialbenefits.KeyWords:InventoryManagementPolicy,InventoryControl,ReactiveMethods,InventoryPlanning,InventoryPerformance,FinancialPerformance1-1..............................................................................................33-1...................................................................................................233-1...................254-1...................................................................................274-2...................................................................................274-3................................................274-4........................................................................................284-5KMO........................................................................................284-6TotalVarianceExplained...............................................................................304-7RotatedComponentMatrix............................................................................314-8TotalVarianceExplained...............................................................................314-9ComponentMatrix.................................................................................