Against the background of increasingly fierce global competition, the supply chain management of lighting products has become the key to improving the competitiveness of enterprises. By optimizing global supply chain management, enterprises can not only improve procurement efficiency and reduce costs, but also ensure the timely supply and quality assurance of products. As a global enterprise focusing on lighting products, our company has always been committed to providing customers with efficient and reliable lighting solutions through innovation and optimization of supply chain management.

1. The current situation and challenges of the lighting industry supply chain

The supply chain of the lighting industry covers multiple links from upstream chip research and development to midstream production and packaging, and then to downstream application fields. The upstream raw material cost accounts for as much as 80%, and the midstream and upstream of the supply chain are mostly capital-intensive and technology-intensive industries, with highly standardized products and high market concentration. However, the downstream market demand is highly personalized, and the characteristics of multiple categories and multiple SKUs make supply chain management complex and decentralized.

In addition, the trend of de-globalization has intensified in recent years, and Sino-US trade frictions and economic downward pressure have put forward higher requirements for the stability of the supply chain. For example, the United States has imposed tariffs on China's lighting industry, resulting in higher terminal prices and suppressing consumer demand. In the face of these challenges, companies need to improve their competitiveness through supply chain optimization.

2. Strategies and practices for supply chain optimization

Informatization and digital transformation

Our company has achieved information management of all links in the supply chain by introducing systems such as SAP, MES, SRM, and WMS. By giving each product a unique ID, we can not only prevent cross-selling, but also achieve full life cycle management and precise inventory control of products. This digital transformation has significantly improved the transparency and collaborative efficiency of the supply chain.

Supplier management and cooperation

Establishing a long-term and stable cooperative relationship with high-quality suppliers is the core of supply chain optimization. Our company screens out strategic suppliers through supplier classification and grading management, and shares information and collaborates on R&D with them to enhance the closeness of cooperation.

Regional layout and logistics optimization

In response to the uncertainty of the global trade environment, our company optimizes the logistics network globally. We have established regional logistics centers in Southeast Asia, Europe and other places to meet local market needs.

Product platform strategy

In order to reduce SKU complexity, our company has implemented a product platform strategy to unify product lines and optimize parts supply. This strategy not only reduces inventory pressure, but also improves production efficiency and product quality.

3. The effectiveness and future prospects of supply chain optimization

Through supply chain optimization, our company has achieved remarkable results in procurement efficiency, cost control and quality assurance.

In the future, our company will continue to promote the intelligent and green development of the supply chain. Through the application of technologies such as the Internet of Things and big data, we will further improve the level of intelligent production and logistics, and at the same time promote cleanliness and resource utilization in production and product packaging to create a sustainable supply chain system.

In short, global supply chain management is the key to improving the competitiveness of lighting companies. Our company will always focus on innovation and optimization, provide customers with efficient and reliable lighting solutions, and jointly promote the sustainable development of the industry.