On November 26-27, the university EMBA2021 class third course began, the group director, President, central Europe international business school master Wu Yafeng and director, executive vice President, Shanghai jiaotong university in business administration Dr Chen ping respectively as "innovation and entrepreneurship" and "supply chain management" two subject lecturer, lead the university EMBA2021 class students to study and discussion.

EPC project general contracting is a project organization mode vigorously advocated by the state at present. Its advantages lie in clear responsibilities, reasonable connection of all stages of design, procurement and construction can shorten the construction period, and the investment is controllable. As the domestic EPC engineering general contracting mode of early practitioners, relying on technology and talent advantage, has gradually formed the unique technology as the leading engineering general contracting mode, but how to further improve the management level, promote enterprises to achieve secondary entrepreneurship, will build the company into the world's first-class engineering technology enterprises, should be considered at this stage. The course theory of the two teachers is connected with enterprise management practice, good at giving guidance, and developed at different levels.

Meet customer needs and optimize cost configuration

Scientific management of supply chain is crucial to increase the competitive advantage of enterprises, especially for EPC projects. Due to the main equipment, various kinds of materials, long order cycle, the inventory management cost is high, so how to use scientific methods classified docking owner, technical personnel, designers, personnel, purchasing personnel, construction personnel, suppliers, how to use big data, scientific inventory management to achieve the optimal efficiency, the shortest advance period, the optimal price, the least inventory to enhance enterprise competitiveness is crucial.

Chen Ping respectively described the course of Supply Chain Management from ten aspects: supply chain concept, inventory management, supply contract, procurement and outsourcing, product design and supply chain, information value, customer value, pricing, process management informatization and standardization, and supply chain finance. In the inventory management section, Chen Ping explained the problem of inventory and the principle of minimum inventory cost and maximum profit by explaining the two basic models of economic batch model and single period model. In the product design section based on the whole supply chain, Chen Ping vividly explained the balance between inventory and customization and the economy of Dell computer, Panasonic bicycle, IKEA and Leberumi.

Chen Ping discussed with the students After the course explanation, Chen Ping led the students to analyze the existing problems and solutions in the modern supply chain management mode. Students for time supply chain management of technical management, material management, supplier management, approval process and cycle management, price fluctuation management of the five parts, actively spoke and discussed, day university EMBA2021 students, time control center general manager Miao Zhengxu in the "reduce procurement costs" discussion said "centralized procurement is one of the current group effective reduce procurement costs", but "how to maximize integration is a difficult problem, all kinds of materials is different, construction is different, big differentiation". Peng Xiaohui, a student of The University EMBA2021 class and deputy general manager of the University Automatic Control Division, believes that "accelerating the development of information technology and implementing a more accurate dynamic inventory management mode may solve this problem to a certain extent".

There is no future for innovative enterprises, and the more difficult innovation, the greater the value brought by innovation. However, innovation is not blind, let alone easy. For enterprises in different stages of development, the focus and difficulties of innovation are also different. Wu Yafeng brought a wonderful "Innovation and Entrepreneurship" course to the 2021 EMBA students. The course analyzes the three stages of technological innovation and technology innovation, management innovation and service innovation. Wu Yafeng pointed out that the development stage of the enterprise should match with the development stage of the industry, so that the enterprise can survive and survive better. For example, in different stages of development of the enterprise, the enterprise will focus on different priorities. For start-ups, research and development and technology practice are the most important, only good technology and products can drive the development of enterprises; for the development to a certain extent, increasing the business volume, scale growth is the key; for large enterprises, how to achieve the agile response to the market and policy is the key. The content of the course is simple, enlightening wisdom and thought-provoking.

Wu Yafeng shared innovative cases with the students In the case discussion section, combined with the cases of "51.com" and "Apple" shared by Wu Yafeng, the students explored the unprecedented "second entrepreneurship mode of business division" together. Modern university EMBA2021 class students, group vice President, biomedical division chairman Song Xiaohui thinks, "the group is now in the 'from 1 to N' stage of development, how to use the" index thinking "to achieve" compound interest growth "is our core logic, at the same time we should be on the basis of the mainstream business, adopt the model of'division development", refine more business sector, realize the lean transformation of the enterprise ". Hearing wide is smart creation, win friends and learn easy to become. The third course of EMBA Times Group strengthens the students' ability in project management and improves the awareness of enterprise innovation through the two words of "control" and "innovation". An EMBA lecturer will bring ideological and cognitive enlightenment will always guide the day forward.