Operations and supply chain management are key components to a successful business. Let's see how Yuetong applies these methods of work to make sure everything is working most efficiently and profitably.
Operations management is kind of like the engine of a business, and the analogy to business as a vehicle can stretch pretty far. It is the planning, organizing and controlling of all those activities related to a successful production of a product, system or any service. “Operations management is very important at Yuetong, if the orders are done right and on time we can guarantee good quality and better service for customers.
The supply chain is the network of vendors, manufacturers and distributors that cooperate to get a product onto the market. Yuetong has aimed at a highly efficient supply chain and logistics for maximum profit. As we simplify, cut waste, and communicate more with our partners we are able to offer high quality products at the lowest price possible.
Inventory management comes down to striking a balance between keeping enough of a product on hand to satisfy customer demand, and having too much in stock something that can burden a company with unneeded costs. Yuetong has several means to guarantee its operations & supply chain management can work smoothly, using data-powered forecasting tools – through which they learn and forecasts demand, introducing just-in-time inventory so that they can avoid the cost of excess inventory and collaborating with suppliers to synchronize inventory deliveries.
The role of technology in the supply chain of today is substantial. They employ latest software to manage inventory, supervise the production processes and collect big data for making intelligent decisions etc. Using technology, we can optimize our flow and minimize waste throughout the global supply chain, significantly decreasing all our overhead.
When it comes to supply chain decision making, it is critical to strike the right balance between cost and quality. They take all of the above-mentioned elements into account (production cost, transportation cost, and supplier relationship) when he makes the supply chain design decision. By focusing cost effectiveness and quality of the product, we are able to provide high quality products to our customers with a profit.
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