Nationwide intelligent matching spot temporary demand can also “find the source in seconds”

The essence of inventory is to establish a “buffer zone” between procurement and consumption, and the longer the procurement cycle, the greater the inventory required to ensure production safety. The traditional offline procurement cycle is often several weeks, and low sourcing efficiency is often the biggest factor limiting the speed of procurement. Because the supplier resources of offline procurement are relatively simple, once they do not have spot inventory, they can only go back to the upstream factory to relocate goods.

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The “10,000 warehouses in one” supply chain network created by Jingdong changes this point from the source. Through the digital supplier collaboration system, Jingdong Industry connects the inventory information of about 30,000 manufacturers, distributors and agents across the country. Even in the face of temporary procurement needs, it can quickly lock the spot inventory across the country in an intelligent matching way, and realize the optimal value delivery with advanced data analysis and algorithms through the intelligent decision-making system “K2”. Greatly shorten the procurement cycle.

In July this year, a subway in Beijing completed the rapid replenishment of more than 10,000 pieces of flood control materials in this way. On the evening of July 31, Beijing ushered in the strongest rainfall since the flood season this year, and flash floods even occurred in Fangshan and other areas, seriously affecting the normal life of local residents. The subway company urgently added a batch of orders for absorbent expansion bags, flood prevention sandbags, tarpaulins, flood prevention and water baffle to Jingdong Industry. Relying on strong digital sourcing ability, Jingdong Industry mobilized materials and transportation capacity overnight after receiving procurement needs, and successfully completed the performance and delivery of all materials on time.

The relevant person in charge of Jingdong Industry said that inventory management is only a microcosm of Jingdong Industry’s supply chain service for industrial enterprises to reduce costs and increase efficiency. In the face of external environmental pressure, the future Jingdong Industry will continue to supply chain as the entry point, through the full link digital intelligence service industrial enterprises to reduce costs and increase efficiency, sunshine compliance, to help enterprises achieve sustainable high-quality development.