As family businesses have achieved certain results in leadership inheritance and team building, they will focus on the integration of the industrial chain to achieve greater value creation.
To gain a deeper understanding of each link in the industrial chain, the company organized a professional research team to conduct a comprehensive survey of upstream and downstream industries. They found that in the raw material supply chain, there was a fragmented supply chain and uneven quality, which not only increased procurement costs but also affected product stability.
"We must optimize the raw material supply channels and establish long-term and stable cooperative relationships with high-quality suppliers." The head of the procurement department put forward clear ideas in his report.
Therefore, the company began to actively negotiate with well-known raw material suppliers in the industry. However, during the negotiation process, the two sides had many disagreements on price, delivery time, quality standards, etc.
"While ensuring our own interests, we must also consider the reasonable demands of suppliers and seek win-win solutions." The company's senior management personally participated in the negotiations, demonstrating sufficient sincerity and wisdom.
After many rounds of arduous negotiations, the company finally reached a strategic cooperation agreement with several large suppliers. Through centralized procurement and long-term cooperation, it not only reduced procurement costs but also ensured a stable supply and high quality of raw materials.
During the production process, the company found that some production processes were relatively backward, resulting in low production efficiency and product quality that needs to be improved.
"We need to introduce advanced production technology and equipment to optimize and upgrade the production process." The production department quickly developed an improvement plan.
However, the introduction of new technologies and equipment requires a large amount of capital investment, and the installation and commissioning process may affect normal production.
"This is a short-term pain. For long-term development, we must act decisively." The company's decision-makers approved the production department's plan without hesitation.
During the technological transformation, the company faced problems such as hindered production progress and employees' lack of proficiency in operating new equipment.
"Everyone, work harder and overcome the current difficulties. The future development prospects are bright." The workshop director continued to encourage the employees.
Through the joint efforts of all employees, the optimization and upgrading of the production process was successfully completed, production efficiency was greatly improved, and product quality was also significantly improved.
In the sales and service links, companies have realized that relying solely on traditional sales channels is no longer enough to meet market demand, and they must expand online sales channels and improve customer service levels.
"We want to build a comprehensive and diversified sales network to provide customers with more convenient and high-quality services." The sales department took quick action.
However, online sales require the establishment of a complete e-commerce platform and logistics distribution system, which is a new challenge for enterprises.
"We can learn from the successful experiences in the industry and innovate based on our own actual situation." The market research team provides the sales department with a lot of valuable reference information.
In the process of building e-commerce platforms, companies encountered technical difficulties, talent shortages and other problems.
"We must increase investment in technological research and development, and recruit and train professional e-commerce talents." The human resources department responded positively and quickly launched recruitment and training work.
After unremitting efforts, the company's e-commerce platform was successfully launched, online and offline sales channels were effectively integrated, and customer satisfaction continued to improve.
During the integration of the industrial chain, companies also focus on cooperation and collaboration with related companies. They establish industrial alliances with companies in the same industry to jointly carry out technology research and development, market promotion and other activities, achieving resource sharing and complementary advantages.
"Through the industrial alliance, we can enhance the competitiveness of the entire industry and jointly respond to market challenges." Corporate representatives delivered an enthusiastic speech at the founding conference of the industrial alliance.
However, during the operation of the alliance, coordination work becomes very complicated due to differences in the interests and development strategies of various companies.
"We must strengthen communication and coordination and formulate scientific and reasonable cooperation mechanisms and benefit distribution plans." The alliance secretariat plays an active role and strives to promote cooperation and coordination among all parties.
Through the integration of the industrial chain, the family business has achieved full process optimization from raw material procurement to product sales and services, reducing costs, improving efficiency and creating greater value.
However, the market environment is changing rapidly and competitors are constantly improving.
"We cannot be satisfied with our current achievements. We must continue to innovate and constantly improve the competitiveness of the industrial chain." Business leaders pointed out the direction for future development at the summary meeting.
In the future, family businesses will continue to pay attention to the dynamic changes in the industrial chain, constantly explore new value growth points, and inject strong impetus into the sustainable development of the company.
Continue read on readnovelmtl.com
