营运资金是企业进行生产、经营等一系列经济活动中最基本的要素，企业生产经

Working capital is the most basic element in a series of economic activities such as production and operation of an enterprise. All aspects of enterprise production and operation activities involve the use of working capital. The effective management of working capital plays a vital role in the survival and development of an enterprise. The article analyzes the working capital management of Baoshan Iron & Steel Co., Ltd. from the aspects of working capital structure and working capital utilization efficiency. Working capital utilization efficiency includes inventory turnover speed, receivables turnover speed, and cost expense ratio. In one aspect, it was found that Baoshan Iron & Steel Co., Ltd. had problems with unreasonable working capital structure and relatively low working capital utilization efficiency, including slow inventory turnover, slow receivables turnover, and reduced cost rate. And put forward corresponding solutions according to the problem, so that its enterprises can achieve better long-term development. <br>(1) Adjust the working capital structure. According to the thinking of industrial chain management, divide the proportion of funds in product production, raw material reserve, production transportation, and other links as reasonably as possible, increase the utilization rate of funds in the upstream of the industrial chain, give full play to the role of financial leverage, and strengthen the integration of business and finance. <br>(2) Improve the working efficiency of working capital. One is to strengthen inventory management. On the one hand, it is to strengthen the company ’s management of inventory. On the other hand, it is to reduce the company ’s receivables turnover period. Pay attention to the company ’s accounts payable. Losing long-term partners. The second is to strengthen the management of accounts receivable. The first is to optimize the supply chain and broaden the relationship between financing channels, the second is to manage channels, and the third is to place orders based on the needs of customers to reduce the economic losses caused by excessive inventory. Strengthen the management of customers' credit ratings, and extend the payment period reasonably according to the supplier's dunning situation and the company's own business and reputation. The third is to strengthen cost control, strengthen daily cost budget control, implement budget management, manage corporate finance, and control costs and expenses, and strictly control expenses.

Working capital is the most basic element in a series of economic activities such as production and operation of enterprises, and all aspects of the production and operation activities of enterprises involve the use of working capital. The effective management of working capital plays an important role in the survival and development of enterprises. Based on the research on the management of working capital of Baoshan Steel Co., Ltd., the working capital utilization efficiency includes inventory turnover speed, accounts receivable turnover speed and cost rate, and finds that Baoshan Steel Co., Ltd. has unreasonable working capital structure, working capital use efficiency is relatively low, including slow inventory turnover speed, slow accounts receivable turnover speed and lower cost rate. And according to the problem to put forward the corresponding measures to make their enterprises get better long-term development.<br>(1) Adjust the working capital structure. According to the thinking of industrial chain management, as reasonably as possible to divide the proportion of funds in all aspects of product production, raw material reserves, production and transportation, increase the utilization rate of funds upstream of the industrial chain, give full play to the role of financial leverage, strengthen the integration of business and finance.<br>(2) Improve the efficiency of working capital use. One is to strengthen inventory management, on the one hand is to strengthen the company's inventory management, on the other hand is to reduce the enterprise accounts receivable turnover period, pay attention to the accounts payable by enterprises, try to avoid the occupation of other enterprise resources resulting in the loss of trust of other enterprises, thereby losing long-term partners. Second, strengthen the management of accounts receivable. First, optimize the supply chain and broaden the financing channel relationship, the second channel management, third according to the needs of customers to place orders to reduce the economic losses caused by excessive inventory. Strengthen the credit rating management of customers, according to the collection of suppliers and the enterprise's own business conditions, reputation reasonable extension of the payment period. Third, strengthen cost control, strengthen the daily cost and expense budget control, implement budget management, the management of the enterprise's finance, and the cost and expense of the expenditure control, strict control of expenses.

Working capital is the most basic element in a series of economic activities, such as production and operation. All aspects of enterprise production and operation activities involve the use of working capital. The effective management of working capital plays an important role in the survival and development of enterprises. Based on the study of working capital management in Baoshan Iron and Steel Co., Ltd., this paper analyzes the working capital structure and working capital utilization efficiency. The working capital utilization efficiency includes inventory turnover speed, accounts receivable turnover speed and cost expense rate. It is found that there are unreasonable working capital structure and working capital in Baoshan iron and Steel Co., Ltd The relatively low efficiency includes the slow turnover of inventory, the slow turnover of accounts receivable and the decrease of cost rate. According to the problems, the corresponding solutions are put forward to make the enterprise get better long-term development.<br>(1) Adjust working capital structure. According to the thinking of industrial chain management, we should divide the fund proportion of production, raw material reserve, production transportation and other links as reasonably as possible, increase the fund utilization rate of the upstream of the industrial chain, give full play to the role of financial leverage, and strengthen the integration of business and finance.<br>(2) Improve working capital efficiency. One is to strengthen inventory management. On the one hand, it is necessary to strengthen the management of the company's inventory. On the other hand, it is necessary to reduce the turnover period of accounts receivable of the enterprise, pay attention to the accounts payable of the enterprise, and try to avoid losing the trust of other enterprises and long-term partners due to occupying other enterprise resources. Second, strengthen the management of accounts receivable. The first is to optimize the supply chain and broaden the relationship between financing channels, the second is to manage channels, and the third is to place orders according to the needs of customers, so as to reduce the economic losses caused by excessive inventory. Strengthen the credit rating management of customers, and reasonably extend the payment period according to the Dunning of suppliers, the business operation and reputation of the enterprise. Third, strengthen the cost control, strengthen the daily cost budget control, implement the budget management, manage the financial affairs of the enterprise, control the cost and expense, and strictly control the expense.