Molds are the mother of industry, and this holds true for enterprises in the home appliance sector as well. The timely supply and quality of molds directly impact product quality, costs, and the development of new products. The digital transformation of molds has become an industry consensus. By utilizing digital products and services, we can build a home appliance ecosystem, enhancing efficiency in research and development, production, and marketing. This enables data analysis, efficient collaboration, intelligent responses, and the reshaping of core competitiveness.
At the end of 2022, the Bear Appliance Company officially initiated the project for the introduction of the Mold MES system and included it in the group's annual budget.
Xiaobear Appliances was founded in March 2006 and listed on the Shenzhen Stock Exchange on August 23, 2019. As an industrial company driven by an innovative business model of "creative small home appliances + internet," Xiaobear Appliances has maintained rapid and stable growth, with an average revenue growth rate of over 37% in the past five years. The company has established a three-tier research and development system, 10 R&D teams, and a total of over 300 R&D personnel, developing more than 100 new products annually. The compound annual growth rate of R&D investment has exceeded 60% in the past three years. Currently, the company has over 60 product categories and more than 500 SKUs, with 5 major production bases. Additionally, 10 billion yuan raised from the IPO is allocated for constructing three intelligent production bases.
As an appliance brand, Little Bear Electronics has announced that it is imperative to establish a long-term and stable supply chain partnership with a leading software industry company, to define common goals and business values.
After six months of selecting the mold MES system, Xiongmao Electrical Appliances Co., Ltd. has reached a new milestone in the pursuit of high-quality development: In June 2023, Xiongmao Electrical Appliances joined forces with Fangtian Software to hold the kick-off ceremony for the mold MES system project, marking the beginning of a new journey towards digital transformation and upgrading.
At the kick-off meeting, Bear Appliance & Electric Co. established the digital transformation goals for mold industry, which are as follows:
Group Operations: Achieve efficient intra-group collaboration management based on the value chain.
Mold Project Progress Management: Transparent management throughout the entire project process, with convenient tracking.
Integrated R&D and Production: Standardized mold design, procurement, machining, fitting, and trial molding processes.
Workshop Production Efficiency: Networked machines reduce production cycles and enable quality traceability.
Cost Detailing: Rapid and Scientific Cost Accounting, Shortening the Monthly Closing Cycle.
Guangdong Fangtian Software Technology Co., Ltd. General Manager Xu Zefu stated, "Fangtian Software has been deeply involved in the mold manufacturing industry for nearly 30 years, boasting extensive experience in digital services. By joining forces with Xiongmao Appliance, we are shining brightly on their journey towards mold digital transformation."
