DocumentCode
2117028
Title
Notice of Retraction
The Research on Process Reengineering of Capital Flow in Manufacturing Enterprises: In Order to Reduce Purchasing Cost
Author
Fengjuan Zhang ; Daozhi Zhao
Author_Institution
Sch. of Manage., Tianjin Univ. Tianjin, Tianjin, China
fYear
2009
fDate
20-22 Sept. 2009
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Purchasing costs control is the key element in costs control in manufacturing enterprises. After analyzing the negative effect on purchasing costs control caused by lack of purchasing funds and delayed payment, a capital flow process reengineering method based on internal account and virtual settlement is proposed in this paper. The article elaborates on the seven steps of capital flow reengineering. At the same time, it points out that the nodus in this process is the budgeting of circulating fund in each department. Finally, the paper summarizes the appropriate business environment of the capital flow before and after reengineering, as well as the influences of capital flow reengineering on each department in the manufacturing enterprises.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Purchasing costs control is the key element in costs control in manufacturing enterprises. After analyzing the negative effect on purchasing costs control caused by lack of purchasing funds and delayed payment, a capital flow process reengineering method based on internal account and virtual settlement is proposed in this paper. The article elaborates on the seven steps of capital flow reengineering. At the same time, it points out that the nodus in this process is the budgeting of circulating fund in each department. Finally, the paper summarizes the appropriate business environment of the capital flow before and after reengineering, as well as the influences of capital flow reengineering on each department in the manufacturing enterprises.
Keywords
budgeting; cost reduction; manufacturing industries; purchasing; capital flow process reengineering method; circulating fund budget; internal account; manufacturing enterprises; purchasing cost control; purchasing cost reduction; purchasing fund; virtual settlement; Cause effect analysis; Costs; Delay effects; Manufacturing processes; Marketing and sales; Procurement; Production; Pulp manufacturing; Supply chain management; Supply chains;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4638-4
Type
conf
DOI
10.1109/ICMSS.2009.5302682
Filename
5302682
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