Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Advances in Economics, Management and Political Sciences
Series Vol. 76 , 18 April 2024
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Research on Optimization of Tobacco Enterprise Parts Inventory under the Background of the Digital Economy
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Abstract
With the development of the tobacco industry under the background of the digital economy, more and more tobacco enterprises have begun to pay attention to inventory management and introduce digital technology. The parts inventory management of tobacco enterprises itself has the characteristics of many types of equipment parts and complex management forecasts. Therefore, in the background of the development of the digital economy, reducing inventory costs, reducing inventory overhang, and improving enterprise profitability has become the top priority of tobacco enterprise management. This paper aims to analyze the practical problems of parts inventory management in tobacco enterprises. The main problems include complex inventory management, imperfect inventory monitoring and assessment mechanisms, unscientific traditional inventory forecasting methods, imperfect information construction, and difficulty in guaranteeing the quality of parts. Provide suggestions for improving inventory management ability. Tobacco enterprises should improve the parts inventory management strategy, optimize the parts inventory forecast, strengthen the information construction, improve the quality of the part and establish a sound monitoring and assessment mechanism.
Keywords
Digital economy, Tobacco enterprise, Parts, Inventory management
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-375-3
- ISBN (Online)
- 978-1-83558-376-0
- Published Date
- 18 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/76/20241766
- Copyright
- 18 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited