Strengthen cash flow control, clarify inventory reduction strategies, and establish a long-term mechanism.
Category:Emerging Emergency Industry News
Add time:2020-02-21
To implement the spirit of the annual work meetings of the Group Company and Xinxing Heavy Industry, further strengthen the business orientation centered on cash flow control, effectively reduce the scale of "two funds," and continuously improve operation and management. On February 19, Xinxing Heavy Industry held its first 2020 inventory reduction special work video conference in the twelfth-floor meeting room.

At the meeting, the chairmen and chief accountants of each enterprise respectively reported on the inventory reduction plan, inventory situation, and inventory management system.
General Manager Gong Guoping put forward requirements and made deployments for the inventory reduction work and the management of the "two funds" of each enterprise:Emphasized the purpose of the inventory reduction special work.The business orientation is centered on cash flow control. By reducing the "two funds," we can overcome the survival crisis and form sustainable business development capabilities. The special work of inventory reduction and debt clearance is a process to test and improve the quality and capabilities of operators; it is also a major exercise in changing work style and leading teams, and it is even more a process of uniting people's hearts. It is emphasized that three-level enterprises should formulate short-term and long-term standards and continuously improve and optimize them through benchmarking.Pointed out the three-stage goals of "two funds" management.The short-term goal's breakthrough depends on the leadership taking the lead in the competition, taking the lead; the consolidation of the mid-term goal depends on the improvement of the system, system-driven; the optimization of the long-term goal depends on high-quality operation, lean management, and honesty and trustworthiness to form a corporate culture.
Xinxing Heavy Industry, Xinxing Emergency General Assistant and above personnel, members of the inventory reduction office, and persons in charge of the comprehensive supervision room participated in the main venue, and relevant personnel from each affiliated enterprise participated in the video branch venue.
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