Author(s)

Qisheng Yang ¹, Danping Qiu ¹, Wanjun Deng ¹, Lebin Guo ¹, Jianbo Zhu ¹

Affiliation(s)

¹ Guangzhou College of Commerce, No. 300, Zhi Shi Avenue, Huangpu District, Guangzhou City, Guangdong Province, 511363, China

Corresponding Author

Jianbo Zhu

ABSTRACT

In the fast-paced pharmaceutical sector, CNSIM, a key subsidiary of CSIMC, confronts challenges like complex procurement demands, inefficient bidding, and cost control. To tackle these, CNSIM implemented a digital supply chain procurement solution from Beijing Turelore Information Technology Co., Ltd. This solution, which integrates the procurement process on a digital platform for full online management, significantly boosts communication and execution efficiency in the procurement process and cuts costs. It also strengthens procurement oversight and risk mitigation through smart bidding tools and data integration across systems. CNSIM's case offers valuable insights into digital supply chain management, showing how tech innovation can reduce costs and enhance efficiency, thus bolstering the company's competitive edge. This approach has optimized CNSIM's supply chain and set a precedent for industry peers.

KEYWORDS

Digital Supply Chain Transformation, Procurement Efficiency, Cost Optimization, Data Analytics in Procurement, Intelligent Procurement Tools

CITE THIS PAPER

Qisheng Yang, Danping Qiu, Wanjun Deng, Lebin Guo, Jianbo Zhu, Transforming Supply Chain Procurement: Digital Innovation and Efficiency Enhancement at CSIMC. Industrial Engineering and Innovation Management (2024) Vol. 7: 154-163. DOI: http://dx.doi.org/10.23977/ieim.2024.070420.

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