Powerway Asia-Pacific Electronics (Shenzhen) Co., Ltd
customer attributes: beauty-owned enterprise
Industry: Power Supply
brand business: The PAX Group is a multinational conglomerate listed on the NASDAQ in New York United States (NASDAQ: BELFB).
Related introduction:BPS Asia Pacific Electronics (Shenzhen) Co., Ltd. (hereinafter referred to as BPS Asia Pacific Electronics (Shenzhen) Co., Ltd. (hereinafter referred to as BPS Asia Pacific Electronics (Shenzhen) Co., Ltd. is a wholly-owned subsidiary of Bel Fuse Inc. in China. Headquartered in Jersey City, New Jersey, United States, it has a history of more than 65 years in the electronics industry. The company focuses on the design, manufacture and sales of electronic components and power products
customer pain points
It is understood that at the end of 2018, Powerway Asia Pacific conducted an internal survey, mainly to collect the difficulties and problems encountered by employees in the production process. The survey results show that all production units and employees agree that the procurement of industrial supplies is a prominent problem and has great room for improvement. According to the analysis, Bowway Asia Pacific pain points in the procurement of industrial supplies are mainly reflected in the following points:
1. Product search difficulty: Without a centralized platform, finding the required parts, tools, equipment, and consumables requires visiting multiple supplier websites or contacting multiple suppliers for product confirmation, and some products go back and forth with suppliers due to MOQs, product samples, etc., which requires a lot of energy.
2. Data opaque: The complexity of industrial supplies leads to a large number of SKUs, unclear data, opaque prices and costs, and difficult procurement. In actual transactions, due to the lack of sufficient data, it is difficult to accurately grasp the total amount and frequency of purchases, lack of effective negotiation with suppliers leads to the lack of competitiveness of procurement prices, thus increasing costs.
3 Bowwill APAC suppliers include hundreds of suppliers such as original manufacturers, agents, traders, and C-end platforms, many of which are used at low frequency, resulting in the need for dozens of suppliers to reconcile with dozens of SKUs every month, which seriously increases the work content.
4. Management cost issues are prominent The procurement process of industrial supplies is cumbersome, with high purchase frequency but low unit price, Dispersed procurement among multiple suppliers will lead to a lengthy and complex procurement process, which may require back-and-forth coordination between different suppliers, increasing the administrative burden。 As a global listed company, enterprise management has high requirements for the per capita output value of employees, which poses challenges to human resource costs and procurement management.
5. not enough visualization and digitization tools:The lack of digital tools and data support can make the procurement process less transparent and difficult to track orders, inventory, and purchasing trends. wanted to consolidate the source and number of suppliers to alleviate the current situation, but found it difficult to find a "platform-based" service provider that understands the industrial supplies industry and has strong technical capabilities.
why Bel chose tomro
1>
2.Reduce procurement costs: Buyers can directly select suitable products on TOMRO and purchase them in a centralized manner. The internal communication needs and bargaining links without objection are omitted, so that the whole process of enterprise procurement from sourcing to payment is visualized and digitized, so as to reduce costs and increase efficiency.
3.Stable and timely delivery of the supply chain: Tomro uses digital tools and data support to enable buyers to track orders anytime, anywhere, to ensure on-time delivery.
the implementation effect
Human efficiency improvement: through one year of use accounting, a purchaser saves 3 times the time from the user's request to the order, and there is no objection to the situation of refund;
material cost reduction: the overall price advantage, so as to directly reduce the cost by 8%, and ensure the quality;
Sluggish inventory reduction: After system docking, Jabil purchases on demand according to the delivery time provided by the supplier system to minimize inventory, and reduces warehouse inventory sluggishness and costs by 15% in the form of high-frequency material supplier stocking; Final effect: the overall cost reduction is more than 20%.