Textile enterprises save 1,000 yuan per ton of cotton through group buying to reduce costs
To purchase a ton of cotton of the same quality, other companies need to spend16200yuan, Hubei Galaxy Fabric Co., Ltd. only costs15200yuan. How to reduce business costs? Ye Qing, chairman of Galaxy Fabric Company, said that the company’s approach is to do group buying with other companies.
On February 14, the machines in the production workshop of Galaxy Fabric Company roared, and workers poured bags of cotton into the cotton picking machine. A 1-meter-long robotic arm stretches over, grabs the cotton into the pipe, and sends it to the next process.
“This batch of cotton is produced in Xinjiang, with a fiber length of about 37 mm, which is often referred to as long-staple cotton. Long-staple cotton is an important raw material for spinning high-count yarn.” Speaking of cotton, Liang Wei, director of the raw material purchasing department of Galaxy Fabrics Company, is very knowledgeable.
Galaxy Fabric Company has 200,000 yarn spindles and 13,000 thread spindles. It mainly produces woven natural color yarn, pure cotton natural color cotton cloth, and elastic natural color cotton cloth. It needs to purchase a large amount of cotton every year. As the head of the raw material purchasing department, Liang Wei often has to deal with raw material suppliers.
Liang Wei said: “As the director of the raw material purchasing department of a large company, I unite many fabric companies to negotiate with suppliers, so that everyone’s back is strengthened. Some small fabric companies have entered into a Cotton may only be 10 tons or 20 tons. We purchase cotton through group purchasing, and we purchase thousands of tons at a time.”
Liang Wei told reporters that the current price of one ton of cotton on the market is around 16,200 yuan. Galaxy Fabric Company buys more and can lower the price to 15,200 yuan per ton. 1 ton of cotton is 1,000 yuan cheaper.
On February 13, Galaxy Fabric Company purchased 5,000 tons of cotton from a raw material supplier in Xinjiang. “In fact, Galaxy Fabric Company only ‘eaten’ 1,500 tons of cotton, and the remaining 3,500 tons of cotton were ‘digested’ with the assistance of two fabric companies in Fujian.” Ye Qing, chairman of Galaxy Fabric Company, told reporters that the fabric industry is highly competitive and companies must To win a place, costs must be reduced. In 2015, Yinhe Fabric Company began to join forces with local companies such as Hubei Xuemei Industrial Co., Ltd. and Hubei Yincheng Fabric Co., Ltd. to purchase cotton in groups. Now, fabric companies in Jiangxi, Fujian and other places have also joined in.
“When cotton supply decreases, group buying can also help companies solve raw material problems.” Ye Qing said that March to September every year is the off-season for cotton sales. At this time, Galaxy Fabric Company teamed up with a number of fabric companies to bid for state-owned cotton reserves in the national cotton trading market. “The price of state-reserved cotton is relatively cheap, and the bidding must start at 43 tons. There will be certain differences in the fiber length, breaking strength, uniformity, and cashmere content of these 43 tons of state-reserved cotton. Galaxy Fabric Company has obvious differences due to its group purchasing method. With competitive advantages, we can always choose the cotton we want,” Ye Qing said.
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