However, on the other hand, small and medium-sized traditional suppliers at the bottom of the profit layer, they have high costs, less traffic, low conversion rate and other shackles and pain points, but also suffered from other leading industrial Internet extrusion crisis. In such a situation, how can suppliers get rid of the crisis, realize the transformation and get the opportunity to realize and profit?
Catch this pain point, has been for domestic small and medium-sized enterprises to provide Internet solutions for the 5G cloud platform began to put forward "5G Preferred" new project, is committed to mode innovation and technology empowerment, to promote the supplier's digital transformation and transformation, to help suppliers to achieve cost reduction and efficiency, high efficiency realization and profitability.
According to the 5G Cloud Platform, the platform for the 5G Preferences project, the 5G Cloud Platform will help suppliers innovate their sales methods, improve supply chain efficiency and create a strong supply chain system with optimized integration capabilities, and enhance the ability of suppliers to quickly respond to market demand at three levels to help suppliers reduce costs and increase efficiency, achieve high efficiency, profitability and realization, and enhance their influence through the 5G Preferences.
First, in terms of innovative sales methods, the 5G cloud platform builds an efficient platform for suppliers to display and sell their products through 5G Preferences. It allows suppliers to open up product sales through multi-dimensional sales channels such as graphic, video, and live arrival. In all-round enhancement of the user's product purchase and delivery experience, to attract more consumers, but also to broaden the reach area and profitability, to solve the problem of low traffic operation.
Secondly, in terms of supply chain efficiency and building a strong supply chain system with optimization and integration capabilities, the 5G cloud platform fully integrates the advanced digital technology of 5G Preferred into all aspects of the supplier's industrial operations, helping it to comprehensively build and improve its digital operation capabilities and provide digital operation awareness.
And as a driving force, it helps suppliers continuously optimize the upstream and downstream supply side of the industry chain, and then cut out unnecessary intermediate links. This will enable us to build a highly efficient supply chain where the supplier's supply side is directly connected to the market's end-demand side. While further opening up the entire supply chain and improving efficiency, it also helps suppliers avoid the middlemen's price hike as much as possible.
This reduces the cost of the supplier in the process of operating the industry, and this part of the cost to the consumer, to provide consumers with better quality, more affordable and cost-effective products and direct connection between the supply and demand sides of the efficient direct logistics and distribution services. And let the supplier in the process to further release production capacity, enhance the industry's profit growth space.
Finally, it is to enhance the ability of suppliers to quickly respond to market demand. In this regard, 5G Cloud Platform empowers suppliers with its big data analytics capabilities through 5G Preferences and helps them to fully collect, mine, and analyze the market's user behavioral profiles and online user browsing, interactions, consumption, and many other data. And the data will be accurately docked to the supplier's industrial supply side and online shopping mall.
Ultimately, this helps suppliers to meet the real needs of market users and improve their ability to respond to market demand, adjust their operational strategies in a timely manner, and implement targeted personalized operations and reverse "customization" of products and services to meet users' needs.
Through 5G Preferred these powerful functional systems and new solutions, the supplier from the user demand, the best of the best, to provide users with more quality, more affordable and cost-effective and more in line with the user's needs of the product. And then through the Internet e-commerce platform on a number of direct purchase channels, so that the product from the factory and the C-end consumer direct docking.
In the whole transaction process, reducing the unnecessary circulation chain, so that consumers buy better products, but also allows suppliers to sell better prices, but also further reduce the cost, to help suppliers with lower operating costs, improve profitability, access to more efficient customer acquisition and high-frequency conversion of business, realization. Thus realizing industrial upgrading, transformation and rebirth.