E-commerce eases cable inventory pressure

According to industry estimates, China's current wire and cable inventory amounted to nearly 100 billion yuan, seriously hampering the development of the wire and cable industry. So, how should we solve the wire and cable inventory problem?

No information sharing, difficult to solve the cable inventory

In fact, the backlog of inventory cables, including short lengths of cable, is a common phenomenon in the cable industry. Although the wire and cable industry is a typical on-demand production industry, due to changes in market conditions, end users, marketers and other uncertainties caused the cable inventory situation. However, enterprises have not resolved the backlog of inventory products in time, and the accumulated total volume has shown an increasing trend.

“The lack of information sharing mechanism is an important factor in the failure of the inventory cable backlog to be solved in a timely manner; without information sharing, it is difficult to fundamentally solve the wire and cable industry inventory problem.” A participant at the conference added to the reporter's information Lack of effective communication affects the sales of inventory goods. At present, many factories and even end-user warehouses have a large number of inventory cables and short-segment cables. These cables are not timely and accurately measured and updated in inventory products, and the sales department fails to acquire timely. Information, coupled with the extensive management of some companies and lack of responsibility, caused a backlog of cable product inventory and even waste.

In addition, the reporter learned that at present, companies are digesting cable inventory through existing orders and cannot solve the problem of inventory overstocking. Among these, the problem of asymmetric information between buyers and buyers is another very important reason for the backlog of inventory. This reporter learned that, in fact, there are quite a few cable companies and end users who need inventory cables and short cables, but they are struggling to find cables of the right length. Even if they are purchased, the cost will remain high.

E-Commerce Efforts, Middle Cable Online Wins New Road

This imbalance of supply and demand caused by information asymmetry has existed for a long time. China Cable Online fully realized this and created the “face to face” e-commerce platform of the wire and cable industry. Through a professional publishing and retrieval system, it can quickly realize the “face-to-face” information matching between buyers and sellers, help buyers solve their immediate needs, and help The seller resolves inventory pressure and turns waste into treasure.

Today, China Cable Online and Baifang.com have gathered a large number of inventory cables and short-segment cables in the wire and cable industry through e-commerce platforms. Sales, distribution and adjustment of inventory products, especially short-segment cables, are targeted at companies, channel providers, engineering installation companies, and end-users. .

The head of the China Cable Online told reporters that China Cable Online is placing more emphasis on the enhancement of platform service capabilities through the "Unified Cable Identification and Technology", "Enterprise Real Name Certification", "Credit Protection Premium Advance Payment", and "Third Party Transaction Guarantee". Big innovation measures to effectively protect the security of transactions. And through the original wire and cable "network red price", online monitoring and real-time release of wire and cable optical cable "price floor" and "the latest market price", allows users to a variety of cable specifications and market prices at your fingertips; become An important reference tool for buyers and sellers to implement trading behaviors.

Relieve inventory pressures, companies are relying on electricity providers

Faced with sluggish sales and increased inventory, wire and cable companies have started to seek breakthroughs, and relying on e-commerce breakthroughs has become a landscape in the industry. It is learned from Middle Cable Online that up to now, nearly 500 wire and cable companies have settled in online stores and began to release inventory products.

It is understood that at the China Wire & Cable Expo on November 1, 2012, China Cable Online teamed up with Exxon Group, Shanghai Seri Polymer, and Ji'an Cable to jointly launch the e-commerce banner and unveiled its e-commerce logo. For the industry and end-users to solve inventory pressure through e-commerce, by the participating companies, industry leaders agree.

At the exhibition, Wei Chuanzhong, deputy director of the General Administration of Quality Supervision, Inspection and Quarantine, Yang Xueshan, deputy director of the Ministry of Industry and Information Technology, and Hua Jianhui, deputy governor of Anhui Provincial People's Government, and other government leaders personally visited the online booth of the China Cable Online to clear inventory of their online channels. The e-commerce model has been affirmed and praised.

It is understood that at the China Wire & Cable Expo on November 1, 2012, China Cable Online teamed up with Exxon Group, Shanghai Seri Polymer, and Ji'an Cable to jointly launch the e-commerce banner and unveiled its e-commerce logo. For the industry and end-users to solve inventory pressure through e-commerce, by the participating companies, industry leaders agree.

At the exhibition, Wei Chuanzhong, deputy director of the General Administration of Quality Supervision, Inspection and Quarantine, Yang Xueshan, deputy director of the Ministry of Industry and Information Technology, and Hua Jianhui, deputy governor of Anhui Provincial People's Government, and other government leaders personally visited the online booth of the China Cable Online to clear inventory of their online channels. The e-commerce model has been affirmed and praised.