On August 21, Entroyi held the 2019 Supply Chain Innovation Development Forum at Guangzhou Garden Hotel gathering famous experts and enterprises. Participants used a multi-dimensional perspective to discuss the innovation path and opportunities of the procurement supply chain in the digital age.
 

At the forum, Entroyi focused on the integration and innovation of digital technologies such as big data, cloud computing and blockchain in the practical application scenarios of the procurement supply chain. The book, Digital Purchasing Waves, brought valuable trend insights, forward thinking and management strategies to the participating companies, boosting the digitalization of the company's procurement supply chain and accelerating the transformation of the enterprise from quantitative to qualitative.
 

The elites from the hotel, medicine, construction, machinery and other industries gathered to discuss the vertical development of the procurement supply chain in different industries, shared the successful experience of enterprise transformation, broke the status quo and improve the level for the enterprises that need to be transformed.
 

Entroyi COO Ben Connors said that Entroyi aims to make business easier. Entroyi focus on global supply chain intelligent management and is confident to make the supply chain service platform an important hub for collaboration among enterprises at home and abroad with strong technical support. Yang Jinhua, Vice President of the Guangdong Provincial Government Procurement Association, also highly praised Entroyi digital procurement platform. He believes that Entroyi will establish a more efficient information collaboration platform for both parties.
 

Entroyi CEO Tow-Ming Siow: Enterprise success is inseparable from informationization
 

Tow-Ming Siow, an international big data expert, emphasized that when Chinese companies are strong, they must cultivate core competitiveness, and one of the key elements is perfect supply chain management and Data management to improve procurement efficiency while reducing procurement costs. If there is no perfect supply chain management and big data management to control cost expenditure, it will be difficult for enterprises to go abroad and go global.
 

In connection with Wal-Mart's success story, Tow-Ming said the reason that Wal-Mart has become the world's largest chain retailer on the Fortune magazine tops for many years, is inseparable from the information strategy that its founder, Mr. Sam Walton insists. information strategy, not system. Wal-Mart's supply chain informationization makes the purchase price of products lower by 10% than the opponents. The pricing of products is more advantageous through the informationization of big data.

How do Chinese companies improve their supply chain management? Mr. Siow introduced that Entroyi has a complete supply chain management process, truly reducing costs, increasing competitiveness and improving the competitiveness of the supply chain. The senior Silicon Valley technical team provide different combinations of systems to support the company's long-term development strategy.
 

Consulting Management Director Liu Qihui: Enterprise Purchasing Goes to the Digital Age
 

In the intricate supply chain system, enterprises must focus on the procurement management. According to the statistics of the National Bureau of Statistics, the degree of informatization of Chinese enterprises has reached 97.1%, but the degree of procurement synergy is only 2%. Mr. Liu pointed out that the procurement of traditional enterprises needs to be transformed and the modern procurement management has gone from result management to process management, finally toward to full process refined management transformation. But now the enterprises with procurement result management account for more than 80%.
 

Mr. Liu emphasized: "Enterprise digital procurement is not just a simple IT system construction, but a comprehensive and integrated solution including IT tools, consulting and diagnosis, governance support, and continuous improvement." Entroyi digital procurement solution supports the enterprise's full category purchasing under the whole strategy. Through the technology of big data and cloud computing, build a full-process traceability and evidence-based procurement process management, visualize and refine the procurement expenditure, and meet the control requirements of different dimensions of the enterprise.
 

According to Mr. Liu, Entroyi created a Digital Procurement DPaaS Model based on the experience of the world's top 500 enterprises in purchasing and implementing services. This model reduces the IT investment and implementation risks of enterprises, determines the payment by effect, combines the digital integrated procurement strategy, improves the standard of enterprise procurement system, and promotes the strategic planning of enterprise procurement in stages. It is a continuous improvement service to ensure long-term profit of enterprises.
 

Digital experience sharing of industry benchmarks
 

Lin Yukui, Assistant Director of Supply Chain of Kangmei Pharmaceutical, shared how Kangmei promoted the group's procurement supply chain management. He said that the digital procurement strategy jointly carried out by Kangmei and Entroyi is based on the procurement of traditional Chinese medicine raw materials, and gradually promoted, and finally realized the deployment of all categories of subsidiaries and subsidiaries of the whole group.
 

Zhang Jingqi, deputy general manager of Colife (China) Hotel Management Company and general manager of Puning Colife Hotel, fully affirmed the advantages of online procurement. Mr. Zhang told a story that one person completed 22 bidding projects and 7 inquiry projects in the past 30 days through Entroyi Purchasing Platform, which saved more than 3 million than expected. Entroyi platform supports the expansion and scale of hotel operations which provides great convenience for hotel procurement.
 

At the end of the forum, the participants discussed the topics of sharing, the pain points of corporate procurement and the latest industry trends, and focused more on the innovation of digital technology, enterprise procurement management and supply chain coordination.
 

In the future, enterprises will usher in a new supply chain of information interconnection, data-driven, platform support, organizational integration, and smart collaboration. Entroyi will continue to focus on digital innovation in the supply chain, helping companies to link internal and external resources, information and key forces, and jointly move towards supply chain intelligent management to realize the blueprint for advanced development in the digital age.