物流专业英语翻译

物流专业英语翻译 Logistics cost management impact on profitability 1 The importance of logistics cost management Logistics cost management is very vital aspect in financial management of a business. A firm can be very profitable, but if this is not rendered into cash from operations within the same operating cycle, the firm would need to borrow to support its continued working capital needs. For this study various statistical tools such as correlation and multiple regressions lire used. The study comes to conclusion that the increase in the profitability of the company is less than the proportion to decrease in working capital. While the performance levels of business organization have traditionally been attributed to general managerial factors such as manufacturing, marketing and operations, working capital management may have a consequent impact on survival and growth of business organization. The management of working capital is important to the financial health of businesses of all sizes. The amounts invested in working capital are often high in proportion to the total assets employed and so it is vital that these amounts are used in an efficient and effective way. Therefore, there must be a trade-off between these two objectives of the firms. One objective should not be at cost of the other because both have their importance. If we do not care about profit, we cannot survive for a longer period. On the other hand, if we do not care about liquidity, we may face the problem of insolvency or bankruptcy. For these reasons working capital management should be given proper consideration and will ultimately affect the profitability of the firm. This discussion of the importance of working capital management, its different components and its effects on profitability leads us to the problem statement which we will be analyzing. This research is focusing on working capital management and its effects on profitability. 2 The study of logistics cost management 2.1 Objectives of the Study 2.1.1 The main objectives are: • To establish a relationship between Working Capital Management and Profitability over a period of five years from 2005-06 to 2009-10. • To find out the effects of different components of working capital management on profitability. • To Study a relationship between the objectives of liquidity and profitability of the Bharat Petroleum Corporation Ltd. • To draw conclusion about relationship of working capital management and profitability of Bharat Petroleum Corporation Ltd. • To ascertain the working capital leverage (WCL) for examining the sensitivity of ROI to changes in the level of working capital of the company. 2.2.2 Data Source: The study is mainly based on secondary sources of information. The required data have been collected from published Annual Reports of the BPCL. And also from the published Annual Reports of the Public Enterprise Survey by the Ministry of Petroleum, Govt. of India over the period of five years i.e. 2005-06 to 2009-10. For collecting relevant data for the purpose of conducting this study internet surfing has also been made for obtaining the requisite and latest information. Editing, classification and tabulation of the financial data collected from the above mentioned sources have been done as per requirement of the study. 2.2 Methodology of Study For the analysis of data some important ratios relating to working capital management and the ratios which are significant to measures of profitability have been calculated on the basis of data available of the Bharat Petroleum Corporation Ltd. (BPCL). The ratios which have been applied for highlighting the efficiency of working capital management are Current Ratio (CR). Quick Ratio (QR), Current Assets to Total Assets Ratio (CATAR), Current Assets to Sales Ratio (CASR), Working Capital Turnover Ratio (WCTR), Inventory Turnover Ratio (ITR). Debtors Turnover Ratio (DTR) and Cash Turnover Ratio (CTR) and the measure of profitability which has been selected is Return on Investment (ROI). For measuring the degree of relationship between logistics cost management and the profitability Pearson's simple correlation coefficient have been applied taking into account their degree. For judging the joint influence of the selected measures relating to working capital management on the profitability, multiple correlation analysis has been applied. In order to assess the joint effect of the selected measures of working capital management on the profitability, multiple regression analysis has been used. Further to examine whether the computed values of correlation coefficients, partial regression coefficients are statistically significant or not, 't' test has been used and whether the multiple correlation coefficient (R) is statistically significant or not. 'F' test has been used. In addition to this, to judge the effectiveness or the reliability of this relationship the multiple coefficient of determination (denoted by R2) has been used and it is defined as the ratio of explained variation to the total variation of the dependent variable (ROI). For measuring the sensitivity of ROI to changes in the level of working capital, working capital leverage (WCL) has been computed. 2.3 Findings of the Study Analysis of Correlation between the selected ratios relating to Working Capital Management and the measure of Profitability: an attempt has been made to measure the impact of working capital on profitability by computing Karl Pearson's correlation coefficients between ROI and the selected measures relating to logistics cost management. Table - I shows that the correlation coefficient between ROI and CR is (-) 0,34 which indicates “tbat” there is a negative association between the profitability and the current ratio of the company and the correlation coefficient is found to be statistically significant both at five percent and one percent levels respectively. This significant correlation coefficient implies that there is significant association between ROI and CR of the company during the study period. It is observed from the correlation coefficient between ROI and LR during the period under study is negative and is calculated at (-) 0.40 which is found to be statistically significant both at five percent and one percent levels respectively. It also reveals that there is a negative relationship between the ROI and QR. It is evident from these two ratios that the higher the company's margin of safety to the “shortterm” creditors, the lower is the profitability of the company. 3 Conclusions of study Focus on channel management, working capital management model is to establish a cooperative relationship with channel partners, and strive to improvlogistics cost management enterprises throughout the channels, and strive to achieve win-win even win. By analyzing the Qingdao Haier Representative practices and experiences on working capital management, we can at this stage the working capital of the appliance industry listed companies pipe. Management draws the following conclusions: 3.1 Logistics cost management should focus on channel management Based on channel management, working capital management model to study sale of the entire channel. Household electrical appliance enterprises in the day-to-day operations should focus on training and development of channel relationships, channel relationships will inevitably accelerate the turnover of working capital. Appliance manufacturers in order to long-term development should focus on channel management, the establishment of strategic partnerships with suppliers, manage all aspects of the production process, select the favorable marketing channels and establish appropriate relationships with the middlemen, and focus on customer relationship management , combined with channel relationships and business processes, improvlogistics cost management performance. Household electrical appliance enterprises with suppliers, brokers, from transactional to a partnership change, beyond traditional organizational boundaries in accordance with common interests to further optimize and adjust the functions and activities of the internal processes, reducing the channel caused by human factors, cash flow poor. Ultimately achieve a win-win situation even win. Using lean production methods in the production process, demand-driven production to meet customer needs focus on total quality management, shelf life, ensure the amount of the production process to reduce working capital usage. In the sales process, the establishment of a logistics distribution network, and network distribution system, speed up the delivery speed of the finished products, while focusing on customer relationship management to ensure sales channels occupied by the rapid turnover of working capital. 3.2 Logistics cost management should be project management for content Zero working capital management and flexible options for funds settlement and operation of global funds transfer smooth and timely manner to reduce the residence time of the funds in various aspects. Accelerate the logistics in order to bring high-speed operation of the flow of funds to take the production method according to orders and orders for the implementation of the entire information management. Its warehouse normative integration, and speed up the logistics speed. Haier implementation of readymade policy through the establishment of the "spot cash" system gates to achieve the goal of "zero bad debt", but also very small part of the back section using the credit account to control. The readymade mode effectively avoids the funds used and the risk of bad debts, to ensure the health of the Haier Group's cash flow and smooth. Household electrical appliance enterprises should be based on project management for content, focus on cash, inventory, accounts receivable, accounts payable management, the use of various project management methods to improve individual management performance, combined with the channel management of working capital to enhance the performance of their overall working capital management. 3.3 Logistics cost management should be based on structural management Through global financial networks worldwide, convenient, quick, short-term financing, through the rational use of short-term financing of financial leverage, and improve the efficiency of capital use. At the same time, financing and settlement Haier has also used its own resources advantage, acceptances, open letters of credit business of promotions, such as saving discount costs, reduce the amount of margin and exchange losses. Household electrical appliance enterprises to structure management, weighing the business risks and benefits, pay attention to the raising of working capital management and holdings management. Determine how to arrange the sources of funding of current assets should be based on the actual situation, there is a clear awareness of the risks, control the level of corporate debt, pay attention to the financing structure; according to their specific circumstances and environmental conditions in accordance with the moderate policy principles held to determine the appropriate the overall risks and benefits of working capital holdings, balanced business. The task of working capital management is the asset risk and profitability Trade-offs and choices, to seek for enterprise actual working capital investment model, the risk and profitability of the corporate assets Match, or in the case of risk reduction efforts to achieve the level of profitability to improve. ——Vivek U. Pimplapure and Pushparaj P. Kulkarni Dr. Vivek U. Pimplapure, Dr. Ambedkar Institute of Management Studies and Research, Deeksha Bhoomi, Nagpur SCMS Journal of Indian Management, October - December, 2011. 物流成本管理管理对盈利能力的影响 1 物流成本管理的重要性 物流成本管理，在财务方面是非常重要的一个企业的管理。一家公司可以是非常有利可图的，但如果这一公司不注重物流成本的控制，满足物流资金的需求，就会影响公司的盈利情况。 虽然企业组织的性能水平历来被归因于一般的管理因素，如制造，营销和运营，营运资本管理有业务的生存和生长造成的影响组织。物流成本管理是重要的企业的财务状况。该款项营运资金投资比例往往高总资产，因此它是至关重要的，这些款项在高效率和有效的方式使用。因此，必须在这两者之间的权衡对企业的目标。一个目标不应该是在成本另一方面，因为有其重要性。如果我们不这样做关于利润的照顾，在物流的运输中控制成本我们就无法生存较长时间。另一方面，如果我们不关心物流成本，我们可能面临破产或无力偿债的问题。由于这些原因最终将影响盈利公司。这种营运资金的重要性的讨论管理，其不同的组件及其影响盈利能力使我们的问题发言，我们将进行分析。本研究的重点是对物流成本管理和对盈利的影响。 2物流成本管理的研究 2.1 研究的目标 2.1.1 主要研究目标: •要建立一个周转之间的关系超过五期间的管理和盈利能力2005-06至2009-10年度。 •要找出不同成分影响物流成本的因素 •要研究的目标之间的关系Bharat石油的流动性和盈利能力股份有限公司 •要提请有关劳动关系的巴拉特的盈利能力和其物流成本管理 •要确定营运资金杠杆(劳联)在变化研究的投资回报率的敏感性工作公司的资本水平。 2.1.2 数据来源 这项研究主要是基于二次来源信息。从已收集所需的数据公布年报的 BPCL。并从公共企业调查公布的年度 报告 软件系统测试报告下载sgs报告如何下载关于路面塌陷情况报告535n,sgs报告怎么下载竣工报告下载 由石油部。印度五年内即2005-06至2009-10年度。收集进行这项研究的目的的有关数据网上冲浪也已取得必要的和最新的信息。编辑，分类和从上面收集到的财务数据制 表 关于同志近三年现实表现材料材料类招标技术评分表图表与交易pdf视力表打印pdf用图表说话 pdf 按照要求，提到的来源已经完成这项研究。 2.2 研究方法 对于数据的分析有关的一些重要的比率营运资金的管理和比例盈利能力显着 措施 《全国民用建筑工程设计技术措施》规划•建筑•景观全国民用建筑工程设计技术措施》规划•建筑•景观软件质量保证措施下载工地伤害及预防措施下载关于贯彻落实的具体措施 计算数据的基础上提供的巴拉特石油天然气股份有限公司(BPCL)。的比例而已申请了突出的物流成本管理，流动比率(CR)的。快比(QR)，流动资产对总资产比率(CATAR)，流动资产产品销售率(CASR)，工作资本周转率(WCTR)，存货周转率比率(ITR)。应收账款周转率(DTR)和现金周转率(CTR)和盈利能力的措施已选上的投资回报率(ROI)。 为测量的程度之间的关系物流成本管理管理和盈利能力皮尔森简单相关系数已应用于考虑到他们的程度。判断联合选定的措施，有关工作的影响物流成本管理上的盈利能力，多相关分析得到了应用。为了评估流动资金选定措施的共同作用管理上的盈利能力，多元回归已被用于分析。进一步审查是否计算值的相关系数，偏回归系数有统计学意义或没有，'t'检验是否已经使用了和多个相关系数(R)是统计学意义。 “F”测试已被使用。除了这个，来判断这种关系的有效性或可靠性的多个系数的测定(由R2表示)被使用，它被定义为解释比因变量的总变异的变化率(ROI)。衡量投资回报率变化的敏感性营运资金水平，营运资金杠杆(劳联)已计算。 2.3研究的调查结果 有关的选定的比率之间的相关性分析周转管理和计量盈利能力，衡量营运资金对盈利的影响计算卡尔?皮尔逊相关系数投资回报率和选定的措施有关的工作物流成本管理。相关投资回报率和CR之间的系数是( - )0,34，这表明tbat是有盈利能力之间的负相关和该公司的流动比率和相关系数被发现两者在统计学意义百分之五和百分之一的水平。这意味着有显着的相关系数之间的显着关联的投资回报率和CR公司在研究期间。据观察，从表投资回报率和LR之间的相关系数 在研究期间为负，在计算( - )0.40被发现有统计学意义无论是在百分之五和 百分之一的水平。它还表明，有一个负相关关系投资回报率和QR。这是显而易见的，这两个比例，该公司的利润率较高安全的shortterm债权人，低盈利公司。 3 研究结论 以渠道管理为重心的物流成本管理模式强调的是与渠道伙伴建立一种合作关系，努力提高整个渠道内企业的物流成本管理水平，力求达到双赢乃至多赢。通过分析青岛海尔在物流成本管理上的代表性做法和经验，我们可以对现阶段家电行业上市公司的物流成本管理得出以下结论: 3.1 物流成本管理应以渠道管理为重心 基于渠道管理的物流成本管理模式研究销售整条渠道。家电企业在日常运营中应注重培养和发展渠道关系，良好的渠道关系必然加速营运资金的周转。家电制造商为了长远的发展，应以渠道管理为重心，与供应商建立战略合作伙伴关系、对生产过程进行全方位管理、选择有利的营销渠道、与中间商确立合适的关系、注重客户关系管理，结合渠道关系与业务 流程 快递问题件怎么处理流程河南自建厂房流程下载关于规范招聘需求审批流程制作流程表下载邮件下载流程设计 ，全面提高物流成本管理绩效。家电企业与供应商、中间商等应从交易型向伙伴型转变，超越传统的组织界限根据共同的利益进一步优化和调整企业内部的功能和活动流程，减少人为因素造成的渠道内资金流转不畅，最终实现双赢乃至多赢。在生产过程中采用精益生产方式，由需求拉动生产，注重全面质量管理，保质、保量的满足客户需求，减少生产过程对营运资金的占用。在销售过程中，建立物流分销网络，建立网络配送体系，加快产成品的配送速度，同时注重客户关系管理，保证销售渠道所占用营运资金的快速周转。 3.2 物流成本管理应以项目管理为内容 零物流成本管理，并且灵活的选择资金结算和运作方式，实现全球资金划拨的畅通和及时，减少资金在各环节滞留的时间。加速物流从而带来资金流的高速运转，采取按订单生产的方法并对订单实行全程的信息化管理。同时，海尔还对仓库进行了规范整合，加快了物流配送的速度。海尔实行现款现货政策，通过建立“现款现货”系统闸口实现“零坏账”目标，也有极少部分回款采用信用账期来控制。现款现货模式有效避免了资金占用和坏账风险，保证了海尔集团现金流的健康与顺畅。家电企业应以项目管理为内容，注重现金、存货、应收账款、应 付账款的管理，运用各个项目管理方法提高单项管理绩效，结合营运资金渠道管理，提升企业整体物流成本管理绩效。 3.3 物流成本管理应以结构管理为基础 通过全球化金融网络在全球范围内获得便利、快捷的短期融资，通过合理利用短期融资财务杠杆，提高资金的使用效益。同时，在资金的筹措和结算方面海尔还利用自身的资源优势，在承兑汇票、开立信用证等业务上获得了相应的优惠，如节约了贴息费用、降低了保证金数额和汇兑损失等。家电企业应以结构管理为基础，权衡企业风险的与收益，注重营运资金的筹集管理和持有量管理。企业应根据实际情况确定如何安排流动资产的资金来源，有清晰的风险意识，控制企业的负债水平，注意筹资结构;根据自身的具体情况和环境条件，按照适中持有政策的原则，确定适当的营运资金持有量，均衡企业整体风险与收益。 物流成本管理的任务在于通过对资产风险和盈利能力的权衡和抉择，降低运输行业中的成本，寻求适合企业自身实际的营运资金投资模式，使企业资产的风险和盈利能力相匹配，或者在降低风险的情况下，努力实现盈利水平提高。