阳采集团受邀参加2024年首期“采购供应链沙龙”

This article reports that in March 2024, Yangcai Group was invited to the first procurement supply chain salon hosted by the China Federation of Logistics & Purchasing (CFLP), where it shared insights on procurement digitalization. Key takeaways are as follows:

1. Co-hosted by two CFLP branches, this salon focused on the draft for public comment of the national and industry standards series *Classification and Coding of Procurement Materials*. More than 60 industry experts from leading enterprises including CNPC and Sinopec attended the event, and discussions centered on standard revision, material classification and coding, and enterprise digital transformation.

2. Drawing on its own operational experience, Yangcai Group shared that unified and standardized procurement material coding serves as core foundational data for enterprise material management, running through the entire procurement workflow. The formal release of these standards will advance digital development across the entire supply chain and effectively cut collaborative costs between suppliers and buyers.

3. Yangcai has already implemented its digitalization practice: it built a standardized material information database based on accumulated in-house data, which has successfully reduced costs and improved efficiency, offering a valuable reference for other players.

This article outlines the latest industry trends in the procurement and supply chain space, with actionable insights for brands looking to expand their B2B business and map out their digital strategy. Key details are as follows:

1. The industry is currently advancing the unified standardization of procurement material classification and coding, with relevant national and industry standards already open for public comment. Once the standards take effect, they will cut collaboration costs between suppliers and buyers and drive end-to-end digital transformation. Brands can adapt their business to the upcoming standards early to seize a first-mover advantage.

2. Yangcai Group’s practical experience offers a valuable reference: brands can leverage their accumulated user transaction and SKU data to build a standardized material information management system. Data can then inform product R&D and marketing strategy for private labels, leading to more scientific decision-making.

3. The government and enterprise procurement sector is already moving toward digital and precision-oriented operations. Only brands that adapt to the unified standardized material coding system can accurately reach target procurement clients and meet their customized procurement needs.

This article shares sector opportunity alerts and actionable operational insights for B2B sellers, outlined below:

1. The procurement and supply chain industry is currently developing unified standards for procurement material classification and coding. Once implemented, the standards will significantly reduce end-to-end collaboration and connection costs. Sellers should keep track of updates to the standards, prepare their business for adaptation early, and capture growth opportunities brought by industry transformation.

2. Government and enterprise procurement remains a stable growth market. Sellers can partner with leading digital procurement platforms to access accurate procurement demand data via the platforms’ big data capabilities, reducing customer acquisition costs and increasing closing rates.

3. Sellers can learn from Yangcai Group’s growth path: build a standardized, digital material management system by accumulating operational transaction data. This not only helps identify potential market opportunities and match customer demands accurately to cut costs and improve efficiency, but also allows players to gain advanced experience and expand cooperation opportunities through participation in industry exchanges.

This article shares the latest developments on the procurement side, takeaways for digital transformation, and business opportunities for B2B-focused manufacturing factories. Key details are as follows:

1. The entire industry is advancing the unified standardization of procurement material classification and coding. All downstream buyers will align with the unified standard in the future. Factories should adapt their product design and production processes to the unified coding standard requirements to facilitate downstream procurement connections and improve their products’ market competitiveness.

2. Leading procurement platforms have already completed the accurate digital construction of material information, and can match factories with precise demand orders based on massive procurement data. Factories can proactively partner with these platforms to access accurate demand information and unlock more stable business opportunities.

3. For factories pursuing digital transformation, Yangcai Group’s path offers a strong reference: start with the standardization and digitalization of product material information, build a unified information management system, improve internal operational efficiency, optimize production decision-making, and better connect with downstream digital supply chain systems.

This article outlines industry development trends, core client pain points, and actionable solution directions for procurement and supply chain service providers. Key insights are as follows:

1. The core development trends of the current procurement and supply chain industry are digitalization and standardization. Unified procurement material classification and coding is a fundamental requirement for industry-wide digital transformation. Relevant national and industry standards are currently in the public comment phase. Service providers can develop supporting service products around the implementation of these standards to capture industry opportunities.

2. The core pain point for industry clients is the lack of unified procurement material coding, which leads to poor connection between different supply chain nodes, keeps collaboration costs persistently high, and seriously hinders corporate digital transformation. This is the core market entry point for service providers.

3. Leading enterprises have already validated the practical value of standardized digital material management, which helps enterprises identify market opportunities, match demands accurately, and cut operational costs while boosting efficiency. Service providers can reference this practical path and develop adapted standardized digital solutions for clients of different sizes and types.

This article shares the latest industry demand and operational experience from leading platforms for procurement and supply chain platforms. Key takeaways are as follows:

1. Demand for digitalized and standardized procurement supply chains is growing across all types of enterprises. Unified material coding is the core foundation for connecting upstream and downstream supply chains and enabling end-to-end data interoperability. Platforms should take the lead in advancing the unification and standardization of material coding, improve connections between upstream and downstream links, and boost their core competitiveness.

2. Leading platform Yangcai Group’s operational experience can be directly referenced: leverage the massive customer procurement and SKU data accumulated by the platform to build a standardized material information and product library management system, and realize accurate digitalization of material information. This allows the platform to identify market opportunities through data, empower the development of its private label brands, accurately match customer procurement demands, cut costs and improve efficiency for clients, and boost customer satisfaction.

3. Platforms can actively participate in the discussion and formulation of industry standards, strengthen exchanges with industry peers, absorb advanced experience, achieve complementary advantages, improve their own service capabilities, and prepare early to meet the future development needs of global trade circulation and information interconnection.

This article provides the latest industry developments and first-hand practical cases for researchers studying the digital transformation of procurement and supply chains. Key insights are as follows:

1. In terms of latest industry developments, China officially launched the formulation of national and industry standards for procurement material classification and coding in 2024, with participation from multiple leading central enterprises and platforms including CNPC, Sinopec, and Yangcai Group. The implementation of the unified standards will effectively advance the digital and intelligent transformation of the entire supply chain, marking a major new development in the procurement and supply chain sector.

2. In terms of practical cases, Yangcai Group has developed a new business model worth studying: it built a standardized digital material management system based on massive transaction data accumulated on its platform, and applies the data to market opportunity identification, customer demand matching, and business decision support, ultimately realizing end-to-end cost reduction and efficiency improvement. This model carries high research value.

3. From the perspective of industrial development, unified procurement coding standards reduce collaboration costs for both suppliers and buyers, and serve as the core foundation for digital development of the supply chain. This field still has broad room for development in the future, and is worthy of further in-depth research.