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In the face of fierce market competition, how can hardware companies be profitable? Qingdao Xiangpai Tools Co., Ltd. is an old-fashioned manufacturing enterprise in Qingdao. From state-owned to restructuring to mergers and acquisitions, to the contrarian trend under the financial crisis, it has embarked on a diversified development path of finance and real estate, as the helm and chairman. Mr. Hu Minde has just won the 2009 “Ai Weiboer Cup China Hardware Industry Top Ten Selection†award. In his view, if the cost is strictly controlled, it will be able to make a good profit, which will not only reduce the amount of waste and save money for the enterprise, but also enhance the market competitiveness of the company and products, and also complete well. The goal of energy saving and emission reduction. The new model of “factory bank†pioneered by Qingdao Xiangpai Tools has created a new blue ocean for cost control in China's hardware industry.
According to Hu Minde, chairman of Qingdao Xiangpai Tools Co., Ltd., he likes to play basketball in his spare time. In a sense, he believes that work, like playing basketball, must be in place to be more conducive to mastering the initiative. Therefore, the card-based tool has established a strict management system to ensure that each process is in place to ensure smooth production.
The development of any enterprise must be based on reality, and must be based on reality. Fine management can continue to be implemented because of the progress and change that can be brought to the enterprise.
In the refined management operation, the iconic tool created a “target cost management†solution. This program is to mark each link, each process, and each product in the production process at a price, and perform cost accounting. Finally, a performance appraisal is made. In this way, the workers are very aware of the cost of each operation of their own operations. How much value has you created? And how much can you save to achieve optimal performance?
Because of this approach, employees are aware of how closely their work is tied to business benefits. Therefore, under the clarification of this clearing, the enthusiasm of the employees has been mobilized and played a very good role in promoting the development of the company.
Chairman Hu Minde referred to this “target cost management†program as “factory bankâ€, that is, the manufacturer refines each process at the production site and implements cost accounting and control, and will produce without affecting product quality. Cost control is at the lowest point, which brings higher profits to the development of the company. 
Hardware enterprises are exploring from the perspective of energy saving, emission reduction and low carbon economy
How can the hardware industry save energy and reduce emissions from the perspective of low-carbon economy? In this era of rising material desires, the plan is not as fast as change, Wenshang does not speculate on real estate speculation; oil prices have risen and risen again; steel iron ore is more annoying, but around low carbon, energy saving and environmental protection, merchants No less temptation, including hardware companies, how to seize the trend of the times, in order to be invincible.