Abstract: In order to reducethe inventory risk brought by the current financial crisis, the inventorystrategies matching supply chain were put forward for the supply chainenterprises, based on the introduction of the conventional supply chain inventory strategies and the analysis of the impact ofthe financial crisis on the inventory decision. The inventory figures werebuilt to analyze the supply chain inventory strategies by data, combined withthe changes of the potential demand of supply chain under the financial crisis. Haier company was taken as anexampletoanalysis theinventory strategies. Results show that the inventory cost of theenterprises can be reduced greatly when the supply chain strategies are changedfrom QR to ECR under the financial crisis and the supply chain enterprisesshould strengthen the ECR strategy to reduce inventory cost effectively.
Key Words: Financial Crisis, Supply Chain, Inventory, Strategy
I.the Conventional InventoryStrategies of the Supply Chain
A. The Meaningof Supply Chain Inventory Strategy
Supply chaininventory strategy refers to the inventory management model that plans thesupply chain from the perspective of strategic level amongthe supply chainenterprises. It can realize the decline inoverall inventory level andimprove the totalbenefit of supply chainby the means of the full exchangeofinventoryinformationand theclose coordination among the supply chain enterprises. Supply chain inventory strategy isclosely related to theuncertainty of potential demand and the functionality of supply chain. The supply chainenterprises can choose the inventory strategiesmatchingsupply chain based on theirown characteristics afterthe uncertainty ofpotential demand and the functionality of supplychain are matched.
B. The Functionalityand the Uncertainty of Potential Demand of the Supply Chain
Generally speaking, thesupply chain can be divided into the efficientsupply chain (Efficient Consumer Response, ECR) and the responsive supply chain (QuickResponse, QR) from the perspective of functionality. Theefficient supply chain mainly reflects the physical function of supplychain, which providesconsumers with the products at thelowest cost and the best servicesby transformingthe raw materials into components,semi-finished products, finished products as well as the transportation in thesupply chain. The responsive supply chain mainly ownsthe function of market intermediaries. It makes the supply chainenterprisesresponsequickly to the unpredicted demand and distribute products to the marketfastat therelatively highcost. In general sense,the supply chain is a kind of trade-off between the response capacity and the profitabilityso as to improve the general benefit.