Notice of RetractionThe Research on Process Reengineering of Capital Flow in Manufacturing Enterprises: In Order to Reduce Purchasing Cost

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.