Recently, Yixintang Pharmaceutical Group Co., Ltd. (hereinafter referred to as "Yixintang"), the first listed company in China's pharmaceutical chain retail industry, and Qiqitong successfully held the launch meeting of the "Xinlian-SRM" procurement supply chain management project. Senior leaders of both parties and key members of the project team attended the event, and the management teams of each subsidiary participated in the kick-off meeting via video conference.
At the meeting, the two parties reached a consensus on the construction of a digital procurement management platform to optimize the procurement supply chain management system from the overall cost, supply chain efficiency, business innovation, risk prevention and control, and other aspects to achieve platformization, institutionalization, processization, and transparency. , compliance, and further promote the refined management and digital procurement upgrade of pharmaceutical retail chain enterprises.
01. Listed pharmaceutical retail chain enterprise × Qiqitong
Promote procurement digital upgrade and refined management
Yixintang was founded in 2000. Over the past 20 years since its establishment, it has been deeply involved in Yunnan and spread across the country. As of June 30, 2023, Yixintang and its wholly-owned subsidiaries have a total of 9,569 directly operated chain stores, covering Yunnan, Guizhou, and Guangxi. It has 10 provinces and municipalities including Qiong, Sichuan, Chongqing, Shanxi, Henan, Tianjin and Shanghai. It is a well-known and largest listed pharmaceutical retail chain enterprise in the country.
Since its development, Yixintang has developed into a comprehensive health platform enterprise integrating pharmacy retail, biomedicine, and medical and nursing services. In 2022, Yixintang will achieve operating income of 17.432 billion yuan, a year-on-year increase of 19.5%.
Picture source: Yixintang official website
As the first listed company in China's pharmaceutical chain retail industry, Yixintang attaches great importance to its own digital transformation and upgrading while promoting its business development. At present, Yixintang has launched OA, ERP, CRM, WMS and other systems to carry out scientific and intelligent management of administrative, marketing, warehousing and other affairs, and has achieved remarkable results.
With the rapid development of corporate business, commodity procurement and supplier collaboration are facing challenges under the influence of the digital business environment. In order to enhance the company's supply chain management capabilities and improve the management efficiency of the procurement business, Yixintang cooperated with Qiqitong, which has rich experience in digital transformation projects, professional business capabilities, and a good reputation in the industry, and recently launched the "Xinlian-SRM" procurement supply Chain management project, the kick-off meeting was hosted by Liang Bin, vice president of the group.
02. In-depth investigation into the current status of Yixintang’s informatization construction
Provide one-stop procurement supply chain empowerment solutions
Before the launch of the project, the Qiqitong project team members went deep into the front line of the business and conducted a lot of research and interviews through a combination of online and offline methods to fully understand the needs and characteristics of Yixintang's procurement business, and customized the procurement supply chain based on Yixintang's actual situation. The construction goals of the overall planning and distributed implementation of the collaborative system:
Business goals: achieve procurement and supply collaboration, simplify business processes, and improve data models
Management objectives: realize the integration of industry and finance, improve system construction, and scientifically manage procurement
Digital goals: achieve multi-end collaboration, improve digital construction, and break data silos
During the project launch meeting, Guo Chunli, Vice President of Yixintang, said: "Yixintang has always adhered to the concept of 'heart' and is committed to providing consumers with high-quality drugs and services and protecting people's health. Procurement supply chain collaboration platform Not only service procurement or supply chain, but also the core foundation that will help Yixintang’s overall digital transformation success and value highlighting in the future.”
She also emphasized: "The project construction concerns all partners in the supply chain system. I hope everyone can fully realize the importance of the project to the company's development, give full play to their own initiative and creativity, and promote the full implementation and implementation of the SRM system in Yixintang." Use it to realize the value of the supply chain and open a new chapter for the digital development of Yixintang!"
03. Yixintang’s “Heart Chain-SRM” project was officially launched
Empowering drug chain enterprises to achieve interconnection and value innovation
The project manager of Qiqitong Company reported on the project planning plan: The overall goal of the "Yixintang "Xinlian-SRM" project is to build an efficient, interconnected, and interoperable procurement collaborative management platform. Through the construction of the procurement supply chain collaborative system, Help Yixintang to open up the procurement business and realize the full process control of corporate procurement and the comprehensive digitalization of procurement and supply business management."
After the "Xinlian-SRM" project is launched, Yixintang will realize various business innovation needs:
Reduce the work pressure of various departments, and the supply chain flows at a high speed. Through the establishment of a systematic and standardized procurement process, comprehensive management is carried out from procurement requirements, supplier selection, contract signing, order management to logistics and distribution, etc., connecting internal employees and external suppliers, reducing the workload and work pressure of the procurement department, and improving Supply chain efficiency and responsiveness.
Manage suppliers reasonably and scientifically, and cooperate with suppliers for win-win results. The materials purchased by Yixintang cover prescription drugs, OTC, medical equipment, health products, traditional Chinese medicine, administrative procurement, etc., and need to connect with multiple suppliers. Building an integrated platform for supplier collaboration can strengthen supplier introduction and supplier qualification management, establish a supplier performance appraisal system, and ensure the selection of high-quality suppliers.
Unify centralized procurement management and control to control and optimize procurement costs. Through the system to complete centralized and unified procurement, on the one hand, we can better leverage the advantages of bidding, negotiation, and price inquiry with suppliers to control and optimize procurement costs; on the other hand, we can improve centralized management and control capabilities and indirectly standardize each business operation and management system. Clarify responsibilities and boundaries and improve procurement professional capabilities.
Multi-dimensional procurement data analysis enables big data decision-making management. Based on the interconnection and closed-loop management of procurement business, the system automatically sorts out the master data standards, data indicators and reporting systems of the supply chain system, presents the data reports and data dashboards required for management at all levels, and analyzes and mines procurement data to provide a unified Provide basis and support for church procurement and operational decisions.
Procurement management is an important part of supply chain management, which fundamentally affects an enterprise's operating costs and is also an important part of an enterprise's core competitiveness.
Today, Qiqitong has successfully served many pharmaceutical retail companies in upgrading their digital procurement management. This powerful alliance with Yixintang will help Yixintang build a flexible supply chain system and realize procurement management platformization, digital intelligence, and Intelligence will promote the sustainable growth of Yixintang's business and will further deepen Qiqitong's digital procurement service capabilities in the field of pharmaceutical retail.