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How does QL deal with excess inventory?

We have implemented a series of strategies and measures to address the issue of excess inventory, ensuring that our stock levels meet market demand without leading to resource wastage and cost increases. Here are our main methods for dealing with excess inventory:1. Market analysis and forecasting: We conduct in-depth market analyses to understand current trends and consumer demands. By utilizing advanced data analytics tools and software, we can accurately predict the market, thereby adjusting our production plans. Precise forecasting helps minimize the risk of overproduction and unsold inventory. 2. Dynamic inventory management: We employ a dynamic inventory management system that monitors stock levels in real-time. This system automatically adjusts inventory levels based on sales data and market feedback, ensuring we do not overstock. When the system detects excessive inventory levels of certain products, it prompts us to make adjustments. 3. Flexible production strategies: Our production team can rapidly adapt production plans according to changes in market demand. If we identify products at risk of excess, we can quickly reduce or pause their production, shifting to more popular items instead. 4. Promotions and discounts: For existing excess inventory, we stimulate demand through promotional activities and discounted sales. This not only helps us reduce inventory quickly but also attracts new customers and enhances brand visibility. 5. Multi-channel sales: We distribute our products through multiple sales channels, including online platforms, retail partners, and direct sales. This multi-channel strategy helps us push products to the market faster, reducing the likelihood of inventory backlogs. 6. Donations and recycling: In some cases, we donate unsellable excess inventory to charitable organizations or recycle it. This not only helps us minimize losses but also demonstrates our corporate social responsibility. Through these measures, we can effectively manage and reduce the risks associated with excess inventory, maintain healthy stock levels, and ensure our operational efficiency and profitability.

How does QL manage its storage environment?

We place great importance on the management of our storage environment because we understand that it directly affects product quality and customer satisfaction. To ensure that products are stored in ideal conditions, our warehouses are equipped with advanced temperature and humidity control systems. These systems automatically monitor and regulate the temperature and humidity within the warehouse, ensuring they always remain at levels most beneficial for the products.The temperature and humidity control systems are configured based on the specific needs of the products stored. For products requiring a specific temperature range, such as food items, pharmaceuticals, or other sensitive goods that can be affected by temperature, we are able to set and maintain a constant temperature, whether refrigerated or at room temperature. Similarly, for products that need humidity control, such as electronic devices or certain chemical products, our systems also ensure that humidity is kept within an appropriate range, preventing damage to products from excessive moisture or dryness. In addition to temperature and humidity control, we take other measures to optimize the storage environment. For example, our warehouse interiors are designed with effective ventilation systems to ensure air circulation and prevent any moisture buildup or mold growth. Additionally, we regularly clean and maintain the warehouse, ensuring a dust-free and contaminant-free storage space for products. Our warehouse management team also performs regular checks and maintenance on these systems to ensure they are always in optimal operating condition. Through these careful measures, we are able to provide our customers with high-quality products, reduce losses due to improper storage, and enhance customer satisfaction with our services.

How large is QL's storage capacity?

10,000 square meter finished goods warehouse with its capacity of 7,500 pallet positions, combined with efficient warehouse management and cutting-edge logistics technology, ensures that we can respond flexibly and swiftly to customer demands, providing reliable and timely product supply. This not only enhances our market competitiveness but also delivers a high level of service to our customers. Our warehouse is designed for efficiency and practicality, featuring 7,500 pallet positions that are configured based on best practices and logistical efficiency. Through precise warehouse management, we are able to ensure the safe storage of each product and facilitate rapid outbound operations. To accommodate the diverse needs of our customers, our warehouse is not only large but also capable of being zoned according to specific product requirements. This means we can provide suitable storage conditions for different products, whether they require special temperature or humidity control, or if they are fragile or hazardous materials that need particular handling. Equipped with an advanced management system, making inventory management automated and precise. With real-time stock tracking, we can replenish inventory in a timely manner, preventing stockouts while reducing the unnecessary costs associated with excess inventory.