Shanghai Federation of steel stands on the wave to accelerate digital transformation

  • Monday, January 11, 2021
  • Source:ferro-alloys.com

  • Keywords:Shanghai Federation of steel,iron and steel
[Fellow]Recently, Shanghai municipal government issued "opinions on comprehensively promoting the digital transformation of Shanghai" to promote the digital transformation of Shanghai as a whole.

[Ferro-Alloys.com]

  Recently, Shanghai municipal government issued "opinions on comprehensively promoting the digital transformation of Shanghai" to promote the digital transformation of Shanghai as a whole. Specifically, the "opinions" requires accelerating the promotion of digital industrialization and industrial digitization, amplifying the radiation and driving role of digital economy, and assisting the development of "five oriented economy". Accelerate the digital transformation of production and manufacturing, commercial circulation, shipping and logistics, and promote the development of industrial Internet and consumer Internet.

  In terms of digital transformation, Shanghai Federation of steel has been in the forefront of the industry for 21 years. As a commodity information and data service provider, the strategy of "information + industry big data" of Shanghai Federation of steel has achieved remarkable results, focusing on building a multi-dimensional data system with price as the core and price fluctuation as a multi-system. Multi-dimensional data, such as benchmark price, index pricing, production, marketing and inventory, have been well applied. Data collection is gradually upgrading from manual collection to intelligent collection with continuous iterate, optimize and innovate to build multi-dimensional industrial big data, so as to provide more accurate decision-making basis for users in the price-fluctuating market.

  Taking the iron and steel industry as an example, in this traditional industry, many production enterprises are mainly based on extensive production management, and the degree of digitization is low. It is urgent for the iron and steel e-commerce to  help enterprises upgrade from the outside to the inside. Through the establishment of interconnected data channels, combined with the actual demand of the downstream of the steel industry and the production capacity of the enterprise, Shanghai Federation of steel and iron helps steel plants to formulate scientific production plans, realize intelligent production, and meet the new requirements of zero inventory operation of steel plants.

  In addition, iron and steel trading enterprises focus more on circle trading for friends, information asymmetry makes the resource allocation efficiency of end-customers low, and the entrepreneurial cost is very high. Relying on the bulk commodity information background of Shanghai Federation of steel and iron for many years, steel bank e-commerce has built an open, interconnected and intelligent integrated steel spot trading platform. Based on the platform advantages of price transparency and information efficiency, it has rapidly eliminated the information asymmetry problem of traditional steel trade, compressed the intermediate links of layers of agents, greatly improved the efficiency of the industrial chain, realized the information transparency and satisfied the demands of the industry.

  In recent years, Shanghai Federation of steel is accelerating the layout of bulk commodity field, which has basically realized the whole industry coverage from ferrous metals to non-ferrous metals, from energy and chemical industry to agricultural products, and has extended its tentacles to more than 100 industrial chains.

 

 

  • [Editor:Catherine Ren]

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