Yum China Unveils Innovative Recruitment Platform for Suppliers

Yum China Launches New Digital Supplier Recruitment Platform

Yum China Holdings, Inc. (NYSE: YUMC) has launched its innovative digital supplier recruitment platform, inviting high-quality global enterprises to join its extensive supply chain network. This announcement was made during the 2nd China International Supply Chain Expo, highlighting Yum China's commitment to modernizing its supplier engagement approach.

A Shift Towards Dynamic Supplier Engagement

The newly introduced platform allows potential suppliers to submit their credentials swiftly and conveniently online. This development marks a significant evolution from traditional supplier selection processes to a more dynamic, interactive, and data-driven method. The streamlined engagement not only reduces the workload and evaluation time for suppliers but also emphasizes transparency and fairness in selection.

Enhancing Efficiency Through Technology

As part of its commitment to efficiency under the "Spend Better, Buy Better" initiative, Yum China aims to connect with a broader range of high-quality global suppliers. This strategic move helps the company enhance its product offerings and ensures a better experience for consumers in China.

Successful Pilot Phase

Since the pilot launch earlier this year, the platform has attracted numerous applications spanning over 30 categories, encompassing more than one-third of all categories the Company operates in. This impressive uptake demonstrates the platform's potential to transform supplier relationships and improve procurement processes.

Building Strategic Partnerships

During the launch ceremony, Yum China also inked several agreements of intent to collaborate with both local and international partners. These partnerships will focus on sourcing and product innovation, aimed at enhancing the culinary experiences offered to customers.

A Robust Supply Chain Network

Yum China boasts a world-class supply chain management system, relying on a network of over 800 core suppliers across various sectors, including food ingredients, beverages, packaging materials, logistics, and transportation. By leveraging this extensive network, the Company implements cutting-edge procurement strategies, ensuring the delivery of safe, delicious, and diverse menu options that cater to the changing preferences of consumers.

An Eye on the Future

Yum China continues embracing technological advancements to enhance its operational efficiencies. The digitalized supply chain and strategic partnerships underscore its vision to be the most innovative pioneer in the restaurant industry. The Company's ability to adapt and evolve technologically positions it well for future growth and customer satisfaction.

Frequently Asked Questions

What is the purpose of Yum China's new supplier platform?

The platform aims to simplify the supplier recruitment process, allowing potential suppliers to submit their credentials efficiently and transparently.

How has the pilot launch performed?

Since its pilot launch, the platform has received applications in over 30 categories, showcasing significant interest and engagement from potential suppliers.

What kinds of partnerships is Yum China pursuing?

Yum China is focused on establishing partnerships that enhance sourcing and product innovation, ultimately improving customer culinary experiences.

What is the scale of Yum China's supply chain?

Yum China's supply chain includes over 800 core suppliers and spans various sectors, including food, beverages, and logistics.

How does Yum China plan to continue evolving its supplier engagement?

By leveraging technology and data-driven processes, Yum China aims to enhance supplier engagement and develop a more dynamic supply chain.

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