Thanks to JD.com’s supply chain technology that it launched in December of 2017 called the JD Cloud Warehouse Management Solution, small and medium-sized businesses throughout China are increasingly upgrading their supply chains and as a result have increased the number of orders received and the number of customers they are able to serve, while at the same time improving overall efficiency.
This Warehouse Management Solution of JIngdong utilizes a cloud-based supply chain management solution to upgrades existing warehouse management systems in a holistical way. This program has given small to medium companies access to JD.com’s years of experience in nationwide supply chain management that these companies would not otherwise have the means to acquire on their own.
This initiative falls under the umbrella of Jingdong’s Retail as a Service (RaaS) strategy, which makes available JD.com’s technology and infrastructure to partner companies, as well as helping companies lease their available warehouse space out, which has the effect of maximizing real estate space while enabling the entire logistics industry to become more efficient. Find More Information Here.
Partners companies of JD.com also have the added benefit of co-branding with JD.com and have the option of utilizing JD’s highly-efficient delivery service, which marks products delivered as “Delivered by JD Logistics.” The initiative also leverages JD.com’s big data to help its partner companies predict inventory supply and demand more accurately, as well as helping to organize warehouse layouts so as to achieve maximum efficiency.
JD.com is China’s Amazon.com and its largest online retailer. JD.com was founded by Richard Liu Qiangdong in 1998 as an online company, whose sole product was magneto-optical, but soon changed its business focus to selling electronics. Richard Liu Qiangdong is a very successful entrepreneur, who has run JD.com so well that it is a Fortune Global 500 company. Richard Liu is a highly educated individual as well, having obtained a degree from the Renmin University of China. Richard Liu Qiangdong is also a husband and father of two children.