YIZUMI Supply Chain Strategy Conference 2022 Held Successfully in China

Despite the influence of many unfavorable factors in recent years, such as chip shortages and high raw material prices, YIZUMI has always been trying to face challenges and achieved continuous growth, such result for sure is attributed to the strong support of many high-quality suppliers.

On December 15, YIZUMI Strategy Conference of Supply Chain 2022 was held successfully in YIZUMI Global Innovation Center (Foshan), with the topic of "Starting a new journey together". Nearly 300 guests across the country gathered to discuss development of the future.

Focus on the new development for becoming a world-class enterprise in equipment field

2022 is the 20th anniversary of YIZUMI. After years of development, YIZUMI has already become an enterprise which develops molding equipment in various fields and market that covers more than 70 countries and regions.

On the basis of that, how to provide customers with better services, create more value and build the core competitiveness in the industry has become a key issue that YIZUMI must consider when planning its corporate strategy.

At the Conference, Richard Yan, Chairman and CEO of YIZUMI, said: "The aim of YIZUMI in future is to expand further in global market. And we should develop with a global perspective. YIZUMI is committed to becoming a world-class enterprise in the field of molding equipment."

What is the definition of a world-class enterprise? In the opinion of Richard, to build a new era of sustainable development with global partners, a world-class enterprise should have the competence to build continuously its core competitiveness in the industry, as well as the capabilities of the global operation, provide good product and service quality, and make contribution to the whole value chain.

However, it is much more difficult to implement strategies than to formulate them. It requires YIZUMI to grasp the new opportunities and follow closely the new industrial trend. At the same time, further investments in technology and products, customers and markets, production and operation are the key elements to support the enterprise to become bigger and stronger.

Richard Yan, Chairman and CEO of YIZUMI

Integrated Supply Chain, the key to achieve strategic goals

The new goal and mission of YIZUMI is to become a world-class enterprise in the field of molding equipment. For the goal and mission, the integrated supply chain (ISC) reform is critical to enhance our production and operation capabilities. Through the reform, YIZUMI has raised the level of supply chain management to satisfy the implementation of the company's strategy.

YIZUMI has continuously invested a large amount of resources in the development of new products and technologies, so that YIZUMI's advantages in cutting-edge technologies are gradually presented. The commercialization of technology will be a challenge for YIZUMI's supply chain system.

James Zhang, deputy managing director and general manager of injection molding machine division of YIZUMI, had a speech at the Conference."A new round of scientific and technological revolution and industrial transformation is booming rapidly. Digitization, networking and machine intelligence have become the main development trend of equipment manufacturing industry. To compete with global competitors in the future, YIZUMI will need to constantly improve in the field of supply chain, in addition to improvement in products and marketing."

In mid-2022, YIZUMI has started the project of integrated supply chain (ISC) reform. Focusing on "one YIZUMI, one ISC system", the project systematically defines the ISC process, organization and IT system, which supports the efficient operation of different business divisions and global factories. Also, the project builds the excellent operation capability of ISC in various fields, and strives to achieve the perfect product delivery capability globally.

James Zhang, deputy managing director and general manager of injection molding machine division of YIZUMI

To achieve win-win results with suppliers

As the director of Supply Chain Management Center, Mr. Jian Shi elaborated the details of integrated supply chain reform and changes of business. The integrated supply chain reform involves different aspects, not only the order handling process, but also the research and development process, sales process and other aspects of internal operation process of YIZUMI.

Mr. Jian Shi, Director of Supply Chain Management Center of YIZUMI

YIZUMI is undergoing an all-round internal reform. For suppliers, the obvious impact is the changes of procedure in the daily purchasing business. In this regard, YIZUMI has formulated a plan for future requirements of different categories of materials in the next three years. Through data sharing, suppliers can deeply understand YIZUMI's long-term strategy and adjust their strategy promptly for matching up the pace of development of YIZUMI. It may achieve win-win result together with the suppliers.

Mr. Kangning Shan, who is a famous supply chain expert in China, shared the experience of digitalization in the field of supply chain at the conference. Through the example of benchmark enterprises, Mr. Shan shared the story of the strategic evolution of supply chain with the audiences. It was a valuable lesson, which made the audiences fully understand that the digital supply chain reform was a long-term, arduous and complex process.

Mr. Kangning Shan, a famous supply chain expert in China

Later, YIZUMI and suppliers had a positive communication on topics of the development trend of supply chain management in the manufacturing industry and industrial application. Also suppliers delivered advanced cases of supply chain ecosystem and explained the importance of the supply chain ecosystem for enterprise development from a professional perspective.

YIZUMI Supply Chain Strategy Conference 2022

YIZUMI has always committed to becoming the cost-effective solution provider with leading technology in equipment field. YIZUMI comprehends the difficulties and needs of traditional manufacturing transformation and upgrading. By constantly connecting global resources and making innovations, YIZUMI explores more ways to improve quality and efficiency and serves our customers with more intelligent and efficient products, technologies, solutions and services.

"Starting a new journey together" is the theme of YIZUMI for new era. In the future, YIZUMI will continue to develop with the strategy of "Think Tech Forward" that may help our customers to create their own competitive advantages.