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Hitachi Elevator partners with building materials trading platform Vvupup to explore new relationships between buyers and suppliers in the era of quality competition

2022-06-28 15:53 Hitachi News

Hitachi Elevator (China) Co., Ltd. (Hitachi Elevator) recently participated in the Vvupup Supplier Growth Training Camp Supply Chain Management Session themed "New Relationships between Buyers and Suppliers and Cost Control in the Era of Quality Competition”. Hitachi Elevator, the first elevator manufacturer to be awarded China’s Green Supply Chain Management Demonstration Enterprise Award, has also been honored with the 25-Year Long-term Partnership Award by leading Chinese property developer China Vanke. Hitachi Elevator Procurement Division general manager Yang Pu and third-party B2B building materials procurement trading platform Vvupup Product Center director Liu Jizhong attended the event at which they delivered keynote speeches on new relationships between buyers and suppliers as well as on how to empower suppliers in the era of quality competition.  

 

Hitachi Elevator builds an efficient supply chain through digital transformation

"Essentially speaking, the competition between modern companies is all about the supply chain,” said Mr. Yang. “In order to build a highly efficient, coordinated supply chain, Hitachi Elevator has continuously optimized the supply chain process through digital transformation while maximizing the efficiency of logistics, liquidity and information flow. Furthermore, with the launch of the last mile delivery service, the firm has further enhanced order processing efficiency by transforming into a digitally-driven agile procurement organization while empowering external suppliers.”

 

In 2022, Hitachi Elevator’s supply chain collaboration management project was recognized as one of Guangdong Province’s Industry Chain and Supply Chain Collaboration Demonstration Projects for its remarkable efficiency in supply chain management.

 

Hitachi Elevator reduces supply chain risks through full lifecycle management

How to reduce supply chain risks in order to adapt to new situations? Hitachi Elevator has enabled full lifecycle management of its suppliers through the deployment of four strategies - using external resources to accurately target suppliers, building a screening model for access screening, monitoring key suppliers in real time, and regularly conducting due diligence on existing suppliers. At the same time, the elevator maker can now quickly respond to risk events after having integrated Hitachi Groups Business Continuity Plan (BCP) and related practical experience into the workflow.

 

In particular, given the ongoing Covid-19 pandemic, Hitachi Elevator has developed production and delivery plans based on the timeline of production resumption as well as the analysis of the time effectiveness and economic value of BCP. By doing so, the manufacturer has minimized the pandemic’s impact on business operations and enhanced resilience to major events. 

 

Hitachi Elevator ensures continuity of production and timely delivery through business optimization

With the efficient, low-risk supply chain alongside its highly advantageous network of five whole-conveyance manufacturing and two parts production facilities, Hitachi Elevator has ensured stable production and timely delivery by meeting growing market demands and reducing the impact of the pandemic.

 

By supplying product throughout China from the seven in-country facilities, Hitachi Elevator has significantly shortened delivery mileage and time while supporting more flexible delivery options via a systematic production and logistics model. Meanwhile, to quickly respond to market demands and reduce lead times, the firm has built intelligent plants that leverage much of the world’s advanced manufacturing equipment and many of the processes. Based on the principle of creating a unified group-wide production data and management platform, Hitachi Elevator has become an industry leader in supply chain management, production scheduling and logistics. With the significant increase in shipments over the past few years, the company has strengthened its ongoing commitment to intelligent and efficient production as well as to premium products and timely delivery.

 

Facing new situations in an era marked by quality competition, Hitachi Elevator plans to continue its in-depth collaborations involving product development, operations and maintenance, as well as public service initiatives with partners, with Vvupup serving as a prime example, with the aim of enhancing its capabilities in products and services and developing leading solutions for the vertical transportation sector.  

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