关键词: 渠道管理, 营运资金, 应付账款, 库存管理

Abstract: Working capital,as an important source for the daily operation of enterprises,runs through all links such as procurement, production, and sales,and is a key factor in promoting the smooth operation of enterprises. However,the limitations of merely examining working capital management from the perspective of its constituent elements have gradually emerged. Therefore, adopting a dual perspective of "elements + channels" to analyze working capital management not only provides a deeper insight into its internal mechanisms but also effectively promotes the improvement of management efficiency in enterprises. Currently, the management of working capital in the dairy industry faces challenges and bottlenecks. This analytical strategy can more accurately identify the problems in the management of working capital in various channels, formulate more efficient and targeted management strategies, and promote the comprehensive upgrading and optimization of working capital management in dairy enterprises.

Key words: channel management, working capital, accounts payable, inventory management