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Kingsignal-ESiC Procurement Digitalization Excellence Project Kickoff

On April 25, Kingsignal-ESiC Excellent procurement digital project was officially launched in Shenzhen Bay Science and Technology Ecological Park, Nanshan District, Shenzhen. Kingsignal Group General Manager &PCB BG General Kingsignal manager Yu, Group Vice President & Production Center & Cable BG General Manager GUI, Group Vice President & Operation Center General Manager Wu, System BU Li, supply chain company Yao and King supply chain team representatives, as well as ESiC Technology CEO Chen Rong Jenny, Vice President Chen ESiC Lisa and ESiC project team participated. industry presence

This project consists of two parts: the business review and guidance for the outstanding procurement strategy and process, and the implementation and launch of the ESiC digital procurement software system SRM-PRO.

In the current era of rapid technological advancement, with the external political, economic and market environment being fraught with uncertainties, delivering continuous value to customers is a significant challenge. We aim to ensure project delivery, control costs, enhance the competitiveness of the supply chain, and make it our belief that better service to customers will be our core commitment, which will be deeply rooted in our management philosophy, system and execution. Through this project, we hope to achieve these goals.

This project will adopt forms such as offline training, workshops and coaching to jointly review the procurement goals, strategies, processes and organization. It aims to establish a mission-driven strategic and process-oriented procurement management mechanism, and provide feasible solutions for the digital system.

The ESiC SRM-PRO software system will be integrated with the business plans output by the procurement consulting and coaching center. This will ensure that our procurement execution is in line with and compliant with the procurement strategy and process. It will enable us and our supplier partners not only to contribute and accumulate beneficial data, but also to become beneficiaries of the data. We can truly see and gain insights from the data. The data helps us make correct decisions, respond quickly and better serve our customers.

Kingsignal led the project with blessings and high expectations for its success.

Mr. Yao said

After more than one year of preliminary research and business discussions, it was a cautious and urgent decision for Jin Xinnuo to choose ESiC as the implementation party. We hope that the SRM project can achieve the following goals:

  1. Create value for the group, standardize the procurement processes of each factory, and coordinate the relationships between the upstream and downstream of the supply chain (both internally and externally).
  2. Establish digitalization for procurement, provide relevant decision-makers with effective information, and enhance the efficiency of procurement operations.
  3. Enhance the overall management level of the group’s supply chain and reduce procurement costs.

General Gui’s expectation

The procurement staff truly understand the value of their work, are driven by their mission, share the same goals with the business department and advance and retreat together. We hope that this project will help Jinxinuo establish a scientific procurement management method, and our team can become outstanding procurement personnel.

Mr. Wu hopes that

The purchasing department has become a part of the company’s core competitiveness and a department that generates benefits.

Mr. Yu made a final reminder.

The project should focus on addressing key and core issues, quickly bridging the shortcomings and enhancing the response speed to cope with changes in the market and competition. At the same time, strengthening the partnership with suppliers, improving the ability to develop and supply new products, and ensuring consistency in personnel’s thinking and action patterns are also very important. Mr. Yu urged the team to actively participate and conduct regular reviews to ensure the direction and goals of the project.

Kingsignal as a high-tech private listed company that integrates R&D, production and sales. It focuses on providing a full range of signal interconnection products, solutions and services to core customers in multiple industries and fields worldwide through innovative military-civilian integration and forward-looking layout based on 5G and smart internet.

The company’s global layout includes five research institutes centered on 5G Research Institute, PCB Research Institute, Cable Research Institute, Connector Research Institute and nalElectromagnetic and Signal System Research Institute. It also has an artificial intelligence joint laboratory established in cooperation with Southeast University. The company is committed to exploring the commercial possibilities based on 5G and AI. It has strategic cooperation with top customers such as communication operators, communication equipment manufacturers, antenna manufacturers, new energy service providers, data communication service providers, and medical service providers, and provides them with a full range of complex and high-performance signal interconnection products and corresponding customized services.

ESiC was founded in 2006. It is an enterprise that is deeply familiar with the principles of procurement strategy. It is the only SRM (Supply Chain Management) digital transformation enterprise in the market that adheres to the goal of realizing business value. The consulting team all has rich practical experience in procurement business. Through procurement strategy consulting, procurement services and the implementation of the digital software SRM-PRO, ESiC is committed to helping customers achieve procurement digitization and efficient procurement management.

We are grateful to Kingsignal for its selection and trust in ESiC. We look forward to working hand in hand with ESiC and jointly creating a broader future.

 

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