Research on Working Capital Management from the Perspective of Supply Chain

With the development of China's market economy, supply chain management and working capital management occupy the increasingly important positions in enterprise management, and the relationship between the two is getting closer. However, many enterprises fail to link supply chain management to working capital management at present. Based on the perspective of supply chain, this paper analyzes the problems of enterprises' working capital management's payable account, inventory, account receivable and cash holdings away from the supply chain management. The research results show that enterprises should pay attention to the management of payable account, avoid management confusion and strengthen supplier management; standardize the inventory management, clear responsibility and rationally formulate procurement plans; pay attention to the management of account receivable, improve relevant policies and make management of account receivable based on the payable account; and determine the optimal cash holdings from the perspective of the entire supply chain. Therefore, enterprises need to pay attention to the impact of supply chain management on working capital management, formulate corresponding management policies to reduce costs, maintain supply and marketing relationships well to achieve long-term and efficient development.