The molybdenum wire branch of Zi Harding Company achieves its annual profit target ahead of schedule.

Published: Nov 11, 2021 14:57

Since 2021, Zigong cemented Carbide Co., Ltd. (hereinafter referred to as Zigong cemented Carbide Co., Ltd.) Chengdu Branch Molybdenum Wire Factory has always adhered to the "three orientations", focusing on "one of the best" products and "grabbing orders in the external market." Lean production strong management "for business measures, production and operation work has achieved good results. As of September, the annual profit target had been achieved three months ahead of schedule, and sales reached 84% of the annual target. Profits increased 51% year-on-year, sales increased 14% year-on-year, and processing costs fell 2.4% year-on-year, all of which reached the best level in history.

Plan the annual sales policy in advance to achieve incremental efficiency. At the beginning of the year, molybdenum wire branch factory organized all sales staff to have a unified understanding, implement the "top-of-the-list" product development strategy, adhere to problem-oriented, lead through market control, and strengthen team building. Promote the branch factory in the calibration of key customers, clear work objectives, ensure that marketing measures and other aspects of precision in place. Under the unified deployment of the company, keep up with the trend of raw material prices and changes in market demand and competitors, improve the speed of response, and plan and implement targeted marketing policies in a timely manner. The satisfaction of dealers has improved and the market has responded well. Sales of wire-cut molybdenum wire of "one of the best" products increased by 18.7% compared with the same period last year. Sales staff strictly carry out customer credit evaluation, strictly prevent overdue receivables and over-credit shipments, adhere to the "red line control", strengthen "cash first", and effectively promote the cash ratio of the branch factory to 72%, up 6% from the same period last year. Through the development of a series of work, the sales volume of the branch plant has increased steadily, which has laid a solid foundation for the achievement of the annual target.

Combined with the 14th five-year Plan of Zishi Company, around the management requirements of "three high and one low", a series of improvement activities such as lean production and variety punctual achievement rate have been carried out, and outstanding results have been achieved. Molybdenum wire branch factory organizes production, technology, sales and other related personnel to participate in the company's lean production order management training and exchange, and makes clear requirements for order management, quantity feeding process monitoring, product packaging and system storage. Focus on lean production model area, in the branch plant to promote lean production. From January to September, the production and storage output of the branch plant increased by 18% compared with the same period last year, and the technical indicators such as refund, compensation, exchange and quality loss met the requirements of the annual target. The development of lean production not only improves the production efficiency and product quality, but also plays a positive role in reducing production costs and labor intensity of employees, and plays a key role in meeting market demand and ensuring the completion of branch factory sales.

Give full play to the role of backbone team, overcome difficult to achieve good results. Molybdenum wire factory backbone at all levels abide by their responsibilities, dare to take on, set an example, lead all the staff of the factory to overcome difficulties and create excellent achievements. The management and technical team will seriously discuss and formulate various work plans, make concerted efforts, unite and cooperate, and strive for development. In the production site, surprise handling and hoisting of a roll of molybdenum rods weighing dozens of kilograms, sweating like rain, to ensure production and delivery. In the packaging group, assist WEDM molybdenum wire finished product packaging, on call, to ensure sales. Next to the key equipment that fails, work overtime until late at night, just to ensure that the equipment can "stop for one minute less and rotate for 60 seconds more". In the first half of the year, due to the influence of internal transfer raw materials, capacity matching and equipment failure, the output of WEDM molybdenum wire was insufficient, the supply fell short of demand, and the progress lagged behind. The market opportunity should not be lost, and the branch team responded quickly. by taking a series of measures, such as purchasing supplementary raw materials, adding wire drawing equipment, setting up commandos, organizing labor competitions, and so on, the average monthly output of wire-cut molybdenum wire increased by 25% in the third quarter. better meet the market demand, cumulative sales progress reached 80%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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