Yum China Officially Launches Digital Supplier Recruitment Platform at China International Supply Chain Expo
Yum China (NYSE: YUMC) has launched its digital supplier recruitment platform at the 2nd China International Supply Chain Expo, transforming traditional supplier selection into a data-driven process. The platform, which began pilot testing in April 2024, allows potential suppliers to submit credentials online, enhancing efficiency and transparency in the selection process. It has already attracted applications across over 30 categories, representing more than a third of the Company's total categories.
The initiative is part of Yum China's 'Spend Better, Buy Better' strategy, aimed at connecting with high-quality global suppliers. The company currently manages a supply chain network of over 800 core suppliers across various categories including food ingredients, packaging, construction, and logistics.
Yum China (NYSE: YUMC) ha lanciato la sua piattaforma digitale per il reclutamento dei fornitori durante la 2ª Fiera Internazionale della Catena di Fornitura della Cina, trasformando la selezione dei fornitori tradizionali in un processo basato sui dati. La piattaforma, che ha iniziato i test pilota nell'aprile 2024, consente ai potenziali fornitori di inviare online le proprie credenziali, migliorando l'efficienza e la trasparenza nel processo di selezione. Ha già attratto candidature in oltre 30 categorie, rappresentando più di un terzo delle categorie totali dell'Azienda.
Questa iniziativa fa parte della strategia di Yum China 'Spend Better, Buy Better', volta a connettersi con fornitori globali di alta qualità. L'azienda gestisce attualmente una rete di fornitori core di oltre 800 unità in varie categorie, tra cui ingredienti alimentari, imballaggi, costruzioni e logistica.
Yum China (NYSE: YUMC) ha lanzado su plataforma digital de reclutamiento de proveedores en la 2ª Exposición Internacional de la Cadena de Suministro de China, transformando la selección de proveedores tradicional en un proceso basado en datos. La plataforma, que comenzó su prueba piloto en abril de 2024, permite a los proveedores potenciales enviar credenciales en línea, mejorando la eficiencia y la transparencia en el proceso de selección. Ya ha atraído solicitudes en más de 30 categorías, representando más de un tercio de las categorías totales de la Empresa.
La iniciativa es parte de la estrategia de Yum China 'Gasta Mejor, Compra Mejor', dirigida a conectar con proveedores globales de alta calidad. Actualmente, la empresa gestiona una red de más de 800 proveedores clave en diversas categorías, incluyendo ingredientes alimentarios, embalajes, construcción y logística.
얌차이나 (NYSE: YUMC)는 제2회 중국 국제 공급망 박람회에서 디지털 공급업체 모집 플랫폼을 출시하여 전통적인 공급업체 선택 과정을 데이터 기반 프로세스로 전환했습니다. 이 플랫폼은 2024년 4월에 파일럿 테스트를 시작하여 잠재적인 공급업체가 온라인으로 자격을 제출할 수 있게 하여 선택 프로세스의 효율성과 투명성을 향상시킵니다. 이미 30개 이상의 카테고리에서 지원을 유치하였으며, 이는 회사의 전체 카테고리의 3분의 1을 차지합니다.
이 이니셔티브는 고품질 글로벌 공급업체와 연결하기 위한 얌차이나의 'Spend Better, Buy Better' 전략의 일환입니다. 회사는 현재 식품 재료, 포장, 건설 및 물류 등 다양한 카테고리에서 800개 이상의 핵심 공급업체 네트워크를 관리하고 있습니다.
Yum China (NYSE: YUMC) a lancé sa plateforme numérique de recrutement de fournisseurs lors de la 2e Exposition Internationale de la Chaîne d'Approvisionnement de Chine, transformant la sélection traditionnelle des fournisseurs en un processus basé sur les données. La plateforme, qui a commencé les tests pilotes en avril 2024, permet aux fournisseurs potentiels de soumettre leurs références en ligne, améliorant ainsi l'efficacité et la transparence du processus de sélection. Elle a déjà attiré des candidatures dans plus de 30 catégories, représentant plus d'un tiers des catégories totales de l'entreprise.
Cette initiative fait partie de la stratégie 'Spend Better, Buy Better' de Yum China, visant à se connecter avec des fournisseurs globaux de haute qualité. L'entreprise gère actuellement un réseau de plus de 800 fournisseurs clés dans diverses catégories, y compris les ingrédients alimentaires, l'emballage, la construction et la logistique.
Yum China (NYSE: YUMC) hat seine digitale Rekrutierungsplattform für Lieferanten auf der 2. China International Supply Chain Expo gestartet und transformiert die traditionelle Lieferantenauswahl in einen datengestützten Prozess. Die Plattform, die im April 2024 mit dem Pilotversuch begann, ermöglicht es potenziellen Lieferanten, online ihre Qualifikationen einzureichen, was die Effizienz und Transparenz im Auswahlprozess verbessert. Sie hat bereits Bewerbungen aus über 30 Kategorien angezogen, was mehr als einem Drittel der Gesamt-kategorien des Unternehmens entspricht.
Diese Initiative ist Teil der 'Spend Better, Buy Better'-Strategie von Yum China, die darauf abzielt, mit hochwertigen globalen Lieferanten in Kontakt zu treten. Das Unternehmen verwaltet derzeit ein Lieferantennetzwerk von über 800 Kernlieferanten in verschiedenen Kategorien, darunter Lebensmittelzutaten, Verpackungen, Bau und Logistik.
- Platform implementation streamlines supplier selection process, reducing operational costs
- Strong initial adoption with applications in over 30 categories since April 2024 pilot
- Expansion of supplier network through new partnership agreements
- None.
Insights
The launch of Yum China's digital supplier recruitment platform marks a significant operational advancement. The platform's ability to streamline supplier onboarding and evaluation processes could drive substantial cost efficiencies and improve procurement quality. With applications already covering
The initiative aligns with broader industry trends toward digital transformation in supply chain management. By modernizing supplier relationships and expanding the supplier base, Yum China strengthens its competitive position in sourcing ingredients and materials. This could lead to better cost management and product innovation opportunities, particularly important given China's complex food service market dynamics.
However, the real impact will depend on successful integration with existing systems and the quality of suppliers attracted. While promising, more time is needed to assess meaningful financial benefits.
The platform enables potential suppliers to conveniently submit their credentials to Yum China online, representing a significant shift from traditional supplier selection to a dynamic, interactive and data-driven process. By simplifying supplier engagement, the platform significantly reduces the manual workload and time needed for supplier evaluation while promoting transparency and fairness in selection.
As part of Yum China's broader efforts to enhance efficiency under its "Spend Better, Buy Better" initiative, the platform enables the company to connect with more high-quality global suppliers, helping us deliver better products to Chinese consumers.
Since the platform's pilot launch in April 2024, it has attracted applications in over 30 categories, already covering more than a third of the Company's total categories.
At the launch ceremony, Yum China signed agreements of intent to collaborate with both domestic and international companies. These new partnerships will focus on sourcing and product innovation to better deliver exceptional culinary experiences for our customers.
Over the years, Yum China has built a world-class supply chain management system, comprised of over 800 core suppliers across a variety of categories, including food ingredients, beverages, packaging materials, construction, warehousing, and transportation. Harnessing this vast network, Yum China deploys innovative procurement strategies to deliver safe, delicious, and diverse menu options tailored to the evolving preferences of Chinese consumers.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including under "2024 Outlook." We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook," "commit" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the future strategies, growth, business plans, investments, store openings, capital expenditures, dividend and share repurchase plans, CAGR for system sales, operating profit and EPS, earnings, performance and returns of Yum China, anticipated effects of population and macroeconomic trends, pace of recovery of Yum China's business, the anticipated effects of our innovation, digital and delivery capabilities and investments on growth and beliefs regarding the long-term drivers of Yum China's business. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements, including, without limitation: whether we are able to achieve development goals at the times and in the amounts currently anticipated, if at all, the success of our marketing campaigns and product innovation, our ability to maintain food safety and quality control systems, changes in public health conditions, our ability to control costs and expenses, including tax costs, as well as changes in political, economic and regulatory conditions in
About Yum China Holdings, Inc.
Yum China is the largest restaurant company in
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SOURCE Yum China Holdings, Inc.
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