Zhong Guo Hua Gong Bao·2025-06-24 02:57Core Viewpoint - Shandong Energy Qixiang Tengda is implementing a low-cost strategy to enhance efficiency and reduce costs amid challenging market conditions, focusing on optimizing inventory management and resource utilization [1][2][3] Group 1: Cost Reduction Measures - The company has established eight key measures aimed at cost reduction and efficiency improvement, emphasizing the importance of a collective effort from all employees [1] - A leadership group has been formed to address the challenges of utilizing idle assets and improving capital efficiency, with a focus on inventory management [1] Group 2: Inventory Management - The company is adopting a "first utilize inventory, then purchase" principle to streamline inventory and reduce excess stock, setting minimum warning levels for inventory [2] - A unified material allocation system has been implemented, allowing for efficient tracking and retrieval of materials through a warehouse management system (WMS) [2] Group 3: Waste Utilization and Recycling - The company is focusing on the innovative use of waste materials through technical improvements and recycling initiatives, aiming to create new value from old resources [3] - A dedicated team has been established to assess and repair faulty equipment, promoting the reuse of old devices and reducing procurement costs significantly [3]