Recently, WisageTech Inc. successfully signed a cooperation agreement with Triumph Heavy Industry Co., Ltd. Both parties will use the SRM electronic bidding system as the foundation to optimize the bidding and procurement process as a whole, improve efficiency and control, achieve better cost calculation, and establish a more efficient supply chain procurement system.
Recently, WisageTech Inc. successfully signed a cooperation agreement with Triumph Heavy Industry Co., Ltd. (hereinafter referred to as "Triumph Heavy Industry"). Both parties will use the SRM electronic bidding system as the foundation to optimize the bidding and procurement process as a whole, improve efficiency and control, achieve better cost calculation, and establish a more efficient supply chain procurement system.
Triumph Heavy Industry is affiliated with China Building Materials Group Co., Ltd. and has developed into a national large-scale coal mine and building materials machinery manufacturing enterprise that integrates technology development, project design, manufacturing and installation, and measurement and testing. In 2017, the relocation from the city to the park and the overall relocation were completed, achieving industrial upgrading, structural adjustment, and technological transformation.
The company has over 700 sets of advanced domestic processing and testing equipment, including machining centers, CNC machine tools, coordinate measuring machines, and gear comprehensive inspection. It has strong manufacturing and processing capabilities in riveting, heat treatment, metal cutting, precision machining, and product assembly. The companys main business has successfully expanded from a single coal mining field to multiple fields such as building materials, new energy, electricity, chemical engineering, metallurgy, and municipal engineering. A variety of products have been pioneered in China and have won national and provincial quality awards and scientific and technological progress awards. It is a nationally recognized high-tech enterprise and a backbone enterprise of Anhui Provinces coal machinery manufacturing base.
Large enterprises usually have large quantities of purchase orders, multiple batches, multiple materials, and multiple suppliers, and adopt traditional bidding procurement management methods. The workload of procurement personnel is large and prone to errors. With the rapid development of Triumph Heavy Industrys business and the gradual expansion of its scale, it has higher requirements for the supply chain. Kaisheng Heavy Industries hopes to establish a matching procurement system, optimize the bidding procurement process, reduce procurement costs, and improve procurement efficiency.
The SRM electronic bidding system is independently developed by WisageTech., achieving an end-to-end management process for bidding and procurement integration. WisageTech has been focusing on the development of enterprise management software for 17 years, independently researching and developing over 10 million lines of Java source code, 120 apps, and 80 different systems, covering multiple enterprise project management fields. The products are highly flexible, scalable, and customizable, supporting local or cloud deployment, and providing services to over 500 enterprises. Among them, there are many well-known large manufacturing enterprises such as Fuji Xerox, Panasonic Wanbao, and Zhonghaida that have cooperated with them.
Through SRM, Triumph Heavy Industry will build an efficient and agile integrated digital bidding and procurement management platform. Before suppliers are selected, the system supports the evaluation of supplier qualifications, objective scoring and subjective evaluation based on comprehensive supplier information, and strictly checks the shortlisted suppliers. From the list of candidates, the preparation and release of tenders, to the response and evaluation of tenders by suppliers, to the final selection of tenders and the announcement of results, the system provides audit trail records throughout the process, comprehensively monitors every link of electronic tendering, and realizes the openness, fairness and transparency of the tendering process.
In addition, Triumph Heavy Industry can also use SRM to establish a supplier database and manage contract terms and delivery acceptance, facilitating one-stop online management and improving the overall operational efficiency of the supply chain.
The manufacturing industry is undergoing profound changes, and digitalization will irreversibly become a new driving force for development. The exploration of digitalization in bidding and procurement by WisageTech and Triumph Heavy Industry will have positive reference significance for the digital upgrading of the manufacturing industry.
Triumph Heavy Industry is affiliated with China Building Materials Group Co., Ltd. and has developed into a national large-scale coal mine and building materials machinery manufacturing enterprise that integrates technology development, project design, manufacturing and installation, and measurement and testing. In 2017, the relocation from the city to the park and the overall relocation were completed, achieving industrial upgrading, structural adjustment, and technological transformation.
The company has over 700 sets of advanced domestic processing and testing equipment, including machining centers, CNC machine tools, coordinate measuring machines, and gear comprehensive inspection. It has strong manufacturing and processing capabilities in riveting, heat treatment, metal cutting, precision machining, and product assembly. The companys main business has successfully expanded from a single coal mining field to multiple fields such as building materials, new energy, electricity, chemical engineering, metallurgy, and municipal engineering. A variety of products have been pioneered in China and have won national and provincial quality awards and scientific and technological progress awards. It is a nationally recognized high-tech enterprise and a backbone enterprise of Anhui Provinces coal machinery manufacturing base.
Large enterprises usually have large quantities of purchase orders, multiple batches, multiple materials, and multiple suppliers, and adopt traditional bidding procurement management methods. The workload of procurement personnel is large and prone to errors. With the rapid development of Triumph Heavy Industrys business and the gradual expansion of its scale, it has higher requirements for the supply chain. Kaisheng Heavy Industries hopes to establish a matching procurement system, optimize the bidding procurement process, reduce procurement costs, and improve procurement efficiency.
The SRM electronic bidding system is independently developed by WisageTech., achieving an end-to-end management process for bidding and procurement integration. WisageTech has been focusing on the development of enterprise management software for 17 years, independently researching and developing over 10 million lines of Java source code, 120 apps, and 80 different systems, covering multiple enterprise project management fields. The products are highly flexible, scalable, and customizable, supporting local or cloud deployment, and providing services to over 500 enterprises. Among them, there are many well-known large manufacturing enterprises such as Fuji Xerox, Panasonic Wanbao, and Zhonghaida that have cooperated with them.
Through SRM, Triumph Heavy Industry will build an efficient and agile integrated digital bidding and procurement management platform. Before suppliers are selected, the system supports the evaluation of supplier qualifications, objective scoring and subjective evaluation based on comprehensive supplier information, and strictly checks the shortlisted suppliers. From the list of candidates, the preparation and release of tenders, to the response and evaluation of tenders by suppliers, to the final selection of tenders and the announcement of results, the system provides audit trail records throughout the process, comprehensively monitors every link of electronic tendering, and realizes the openness, fairness and transparency of the tendering process.
In addition, Triumph Heavy Industry can also use SRM to establish a supplier database and manage contract terms and delivery acceptance, facilitating one-stop online management and improving the overall operational efficiency of the supply chain.
The manufacturing industry is undergoing profound changes, and digitalization will irreversibly become a new driving force for development. The exploration of digitalization in bidding and procurement by WisageTech and Triumph Heavy Industry will have positive reference significance for the digital upgrading of the manufacturing industry.
