The "Manufacturing Power Development Index Report" proposes for the first time that the "resilience" supply chain of China's manufacturing constitutes an important foundation for "resilience"

Recently, the Chinese Academy of Engineering and the National Manufacturing Power Construction Strategy Advisory Committee jointly released the "2021 China Manufacturing Power Development Index Report", which systematically summarized the process and experience of the mainland's manufacturing power construction in 2015-2020, and put forward the characteristics of "resilience" of China's manufacturing for the first time.

The "Report" pointed out that in the past five years, the development index of China's manufacturing power has increased from 105.78 to 116.02, and the overall trend of the manufacturing industry is stable and improving, achieving rapid market response, reflecting the strong mobilization and organizational ability of various production factors. Especially in 2020, in the face of the complex international environment and the arduous and heavy domestic reform, development and stability tasks, as well as the serious impact of the new crown pneumonia epidemic and the Sino-US trade dispute, China's manufacturing industry has withstood a huge test, achieved the largest increase in the development index of the world's major manufacturing powers, and demonstrated a strong "resilience".

At the report press conference, Shan Zhongde, academician of the Chinese Academy of Engineering and president of Nanjing University of Aeronautics and Astronautics, once said that the strong resilience of the mainland manufacturing industry is reflected in the following aspects: actively responding to multiple severe challenges at home and abroad, achieving rapid market response, and achieving a strong mobilization and organizational ability for various production factors; the industrial system is complete, the product categories are complete, and it is constantly deeply integrated into all aspects of the global industrial chain.

As the most basic operation and management link of industrial manufacturing, the supply chain has also achieved remarkable results in deepening the coupling of each link and strengthening the coordination of upstream and downstream, which constitutes a solid foundation for manufacturing "resilience". For example, in the procurement of industrial products, due to the large number of industrial products and non-standard products, most enterprises' one-time purchase orders often involve multiple logistics companies and multi-local warehousing. In the past, industrial manufacturing enterprises often needed to sign for multiple receipts in the delivery of materials, which was not only inefficient, but also difficult to manage. Since last year, a series of digital and intelligent supply chain technical service products have emerged, which has greatly improved this situation.

Taking the "intelligent supply chain decision-making system" created by Jingdong Industrial Products as an example, it can start from multi-dimensional decision-making factors such as cost, inventory, timeliness, service, account period, and merchant rating, and realize "ten thousand warehouses in one" and "ten thousand singles in one" based on a huge commodity database, rich industrial chain resources and algorithm advantages, and quickly customize the comprehensive fulfillment plan for the best value of the supply chain including product selection, delivery, and service for enterprises. Specifically, in the warehouse performance link, Jingdong Industrial Products realizes the integration of supply-side resources through "10,000 singles in one" - "turning multi-platform, multi-category, multi-order collection single source sourcing and collection single distribution into pieces" to avoid the inefficient delivery experience brought about by multi-supplier decentralized performance; through "10,000 warehouses in one" to improve performance efficiency - to coordinate brand manufacturers, tripartite suppliers and territorial service providers spot and futures inventory, open up warehouse allocation resources for unified scheduling, and achieve resource optimization and supply chain efficiency improvement.

In the context of global industrial digital transformation, it is of great significance to accelerate the digital transformation of industrial manufacturing and improve the modernization level of industrial chain. Facing the future, the manufacturing industry also needs more industrial forces to invest in the digital and intelligent transformation services of the supply chain, and realize the close coordination of the upstream and downstream of the industrial chain with technology, thereby reducing the cost of the entire industrial production and improving the efficiency of the industry.

This article is from the financial community