- Oct 20, 2020
JD Inks Cooperation With Ansteel To Digitalize Steel Manufacturing
by Robin Luo
JD has inked an agreement with Ansteel, one of the largest steel makers in China, to help the steel manufacturer accelerate its digitizalization process.
JD Business, JD’s enterprise procurement business, will work with Commodity Exchange of Ansteel, a procurement supply chain service platform. The two sides will focus on upgrading Ansteel’s procurement management system, and cooperate in supply chain, logistics, industrial products, and market expansion.
“JD and Ansteel will seek deeper cooperation in the future,” said Chen Yu, key account manager of JD’s enterprise business unit.
The two companies aim to set up a model for empowering the iron and steel industry with industrial internet and jointly build a benchmark for digital cooperation between e-commerce and traditional manufacturing enterprises, according to Chen.
JD Business is the only e-commerce platform in China that provides technical service for entire procurement process. With JD’s help, it is estimated that Ansteel’s procurement efficiency will increase by more than 45%, and overall procurement costs will be lowered by more than 18%.