As a new form of trade, cross-border e-commerce has grown rapidly and savagely in recent years, bringing new growth opportunities to the traditional foreign trade industry and boosting many foreign trade companies to go overseas.

At the beginning of 2022, the number of cross-border e-commerce comprehensive test zones of the State Council has increased to 132, and the number of comprehensive test zones in Zhejiang Province ranks third in the country. Youde, born in Zhejiang, was established in 2019. Its parent company, Saier Group, is mainly engaged in traditional domestic and foreign trade business. Currently, as a cross-border e-commerce upstart, it has successfully broken through the fiercely competitive track, and the future can be expected.

The reasons for the success of Youde are not only due to the excellent policies brought by the cross-border e-commerce comprehensive pilot zone, but also inseparable from the strong internal supply chain and financial advantages. How does the supply chain + financial double buff empower you?

Clear supply chain closed-loop, steady growth in revenue

1) Multi-source supply advantages to enhance competitiveness

Supplying resources from multiple sources is one of our core competitiveness. Youde has no factories of its own, and has successfully entered the cross-border e-commerce track. It has contributed to the massive supply chain resources accumulated during the foreign trade period. Youde has many suppliers to choose from. Compared with competing products, it can purchase products at a lower price, so its product prices are more competitive in the market.

In addition to multi-source supply, the supply chain advantage of Youde is more important: investing a lot of manpower to manage the supply chain process and consolidate the stability of the supply chain.

In addition, we pay attention to the maintenance of data assets generated in the supply chain management process , including the average delivery cycle, product defective rate, platform sales, etc., and make full use of these data to feed back product procurement, material transfer, and product pricing and other links , improve the operation ability of the company's standardized operation process from stocking, warehouse management to sales.

The cost of investment in the supply chain is proportional to the results, which brings high-speed and positive development to the company. Everything has two sides. Enterprises invest a lot of human and financial resources, and spend a lot of money on supply chain management. Once there is a problem on the management side, it is very likely that good results will not be obtained.

2) Get started with new solutions in 1 week to deal with supply pain points

In the past, the links such as procurement, warehousing, delivery, warehouse adjustment, logistics, and FBA delivery were mainly carried out offline. The synchronization of information changes in each link was slow, and it was difficult for the process to form a benign closed loop. As a result, business personnel cannot respond to changes in a timely manner, and once a problem occurs in a certain link, the risk is difficult to predict.

The super-long supply chain, coupled with the complexity of each link, urgently needs a helper to solve these problems. However, is there a system on the market that meets the development needs of the company's supply chain business? There are challenges in learning an ERP system covering the supply chain. Can the team get started quickly with lower learning costs? After many comparisons, Youde made a choice.

"After comparing several ERPs, we chose Leadstar. Youde's supply chain team has strong learning ability. Accompanied by Leadstar's implementation consultants, it only took one week to solve the problem from contact to hands-on operation. The pain point of the supply chain." Manager Su, head of the supply chain of Youde, mentioned.

Leaderstar moves all offline operations of each link of the supply chain to Leaderstar ERP system. When there is an error in the inventory count, it can also reverse the change process and manage it online flexibly.

Youde recognizes Leadstar's concept of supply chain closed-loop management and data processing, and uses it to solve supply chain problems.

The processing of data by Lingxing ERP is not simply recording or storage, but full-dimensional capture of data and visual analysis, transforming it into data assets with decision-making significance for the business, and the use of data from simple integration and display to customization. Upload, download, modify, etc., and then accurately identify problems from the data and prescribe the right medicine to help your business add value.

The apportioned accounts are consistent, providing a basis for decision-making

1) Intelligent cost accounting to improve financial efficiency

With multi-source suppliers, the procurement cost of different products, FBA first journey and other logistics costs are different. Youde's finance uses Excel as the main tool for managing and recording data, transmits information through WeChat, and manages complex expenses.

However, the first journey of FBA is often shipped by sea, air or even by train. The data changes rapidly and it is difficult to synchronize in time. If there is an event promotion, the financial staff of the company will have a greater workload when calculating the cost of the first journey of the product. In addition, Youde adopts Amazon's "first-in, first-out" principle to calculate costs, which increases the difficulty for financial personnel to calculate profits.

The "first-in, first-out" cost calculation method of Lingxing ERP is consistent with the financial calculation logic of Youde. With the help of Leadstar, Youde automatically assigns each expense to the corresponding ASIN, calculates costs intelligently, and improves financial efficiency.

"The cost of multiple shipments is allocated in different batches, and the profit can be automatically settled to generate a report. I think it has done a good job of simplifying a difficult task that was originally done by the finance." manager said.

2) Intuitive multi-dimensional data, planning the overall layout

Funds are the lifeblood of an enterprise, and the data presented in the profit statement is an important basis for the boss's decision-making. Our financial staff integrates the expenses of different sites such as procurement, warehouse, operation, and taxation every month, sorts out the neglected key points, and then reflects them in charts and trend charts, which can be used as evidence for managers to adjust their strategies.

However, due to the large number of SKUs, large differences in the sales progress of SKUs, inconsistent supplier terms, various types of fees, and different time for capital receipts and payments, financial calculations are difficult, and financial personnel need to have strong data analysis and capital management capabilities. able to shoulder the responsibilities.

The process of statistics and analysis of profit-related reports is complex, including downloading platform reports, switching back and forth between different report interfaces, repeatedly clicking on Transaction reports, converting between Chinese and English, and comparing categories, etc. The above basic financial data collation process cannot be skipped. It consumes a lot of manpower, which has become a major difficulty for the financial staff of the company.

After using Lingxing ERP, Youde can quickly view the data of dimensions such as MSKU, SKU, ASIN, ParentASIN, store and order, as well as the data of delivery fee, promotion fee, advertising fee and platform fee through the data and chart analysis automatically obtained by the system. It can also be evoked graphically at any time.

Leading Star helps you to reduce the workload of financial staff and reduce their excessive investment in repetitive and mechanized work, so as to devote themselves to the optimization of the company's business process and provide an important basis for supply chain management decision-making.

The competition in the future will be ecological competition. In the later stage, the advantages of supply chain and capital chain will become the main source of acceleration for sellers in the cross-border e-commerce track.

Utilizing the advantages of internal supply chain resources and the assistance of Lingxing ERP, the acceleration of the supply chain and capital chain of the company will be doubled, which will go faster and farther on the road to cross-border overseas.