About WOLONG

Wolong, one of the world’s top three motor and drive manufacturers, was founded in 1984 and listed on the Shanghai Stock Exchange in June 2002. It has over fifty first-level subsidiaries, and more than 18,000 employees, located in Asia, Europe and America.

Industry

Manufacturing

Region

Multi-Region

Company Size

18,000

The Challenge: Wolong Seeks Effective System to Meet the Strategy of Supply Chain Management and Global Operation

With the rapid growth of Wolong Electric, the existing system can no longer meet the strategic goals and management requirements of Wolong’s strong supply chain, as reflected in the following aspects:

  1. Insufficient focus on strategic sourcing and unclear category management strategies.
  2. The group has multiple business scenarios with significant differences in applicability.
  3. Lack of transparency in business processes; critical steps such as supplier selection, pricing, and quantity determination have not been fully implemented online.
  4. Inadequate supplier lifecycle management.
  5. Data integration with WMS, MES, and other information systems has not been achieved.
  6. Reconciliation, invoice entry, and other processes still require offline handling.
The Solution: YonBIP Supports the Construction and Operation of its “Southeast Asia Manufacturing Headquarters”

During the construction of “Southeast Asia Manufacturing Headquarters”, Yonyou assisted Wolong Electric in building an integrated domestic and international digital procurement platform, enabling end-to-end management from demand, sourcing, and contracting to procurement execution. Through sourcing management, it achieved global sourcing with a transparent process, resulting in annual cost reductions of over 10%. The localisation rate of suppliers reached 40%, the OTD (On-Time Delivery) rate exceeded 98.5%, and the average time to market for new products was shortened by 10 days.