Core Insights - The oil and petrochemical industry in China is transitioning to a new phase focused on high-quality development, shifting from "incremental growth" to optimizing existing resources and enhancing efficiency [1] - By 2025, China's crude oil production is expected to reach 215 million tons, marking a historical high, while natural gas production has seen continuous growth of over 10 billion cubic meters for nine consecutive years [1] - The "14th Five-Year Plan" is identified as a critical period for the petrochemical industry to transform from large-scale to strong-scale, driven by innovation and green low-carbon initiatives [1] Industry Challenges - The procurement system in the oil and petrochemical sector faces complex challenges, including global energy shifts, increased supply chain risks, and the need to balance energy security, cost control, and compliance with stringent environmental standards [1] - The industry requires a comprehensive digital supply chain service model that encompasses all aspects of procurement, from sourcing to operations, to achieve sustainable development [2] Solutions Offered - JD Industrial has released a "Scenario Procurement Solution Manual" tailored for the oil and petrochemical industry, leveraging its super supply chain to facilitate digital upgrades and efficient supply-demand collaboration [1][2] - The solutions include the Taipu SRM full-link digital solution, Taipu long-tail material management solution, and Taipu compliance procurement solution, designed to meet diverse supply chain management needs [2] Implementation and Impact - The solutions integrate digital and intelligent technologies into business processes, covering key operational scenarios such as exploration, transportation, refining, and sales [3] - For instance, in the refining and chemical sector, JD Industrial provides essential materials like explosion-proof lighting and protective gear to ensure safe and stable operations [3] AI and Data Utilization - JD Industrial's AI model for the oil and petrochemical supply chain considers unique industry characteristics, such as high reliance on bulk materials and significant price volatility, to enhance decision-making and cash flow management [5] - The model has demonstrated effectiveness in reducing procurement costs and risks, achieving over 20% reduction in spare parts funding occupation and over 30% SKU optimization [5] Case Studies - A leading company in the industry faced supply chain uncertainties and required a robust supply assurance solution, which JD Industrial addressed through a comprehensive approach combining technology, supply chain, and services [6] - The tailored solution included collaborative delivery management to meet specific customer needs, showcasing the importance of detailed insights into vertical industries and scenarios for successful digital transformation [6]