The company sources each type of raw material from at least two suppliers, typically establishing supply framework agreements that set procurement prices based on predefined standard costs plus mark-ups and discounts. Inventory management targets optimal turnover days of 73, 71, and 74 for 2023, 2024, and 2025, respectively. Quality control begins at procurement, requiring component certification and ongoing inspections during production. Supplier performance is evaluated based on defective supply percentages, with quality control agreements providing remedies if standards are not met. The quality control system encompasses all production stages, including trial runs for new assembly lines, in-process checks, final inspections, and road tests prior to shipping. The company also monitors product acceptance by distributors and customers to identify and address quality control issues. Its global R&D and manufacturing operations include a dedicated quality control laboratory equipped with advanced testing instruments and proprietary inspection systems for battery cells.
Niu Technologies's Comment on Supply Chain
The company sources each type of raw material from at least two suppliers, typically establishing supply framework agreements that set procurement prices based on predefined standard costs plus mark-ups and discounts. Inventory management targets optimal turnover days of 73, 71, and 74 for 2023, 2024, and 2025, respectively. Quality control begins at procurement, requiring component certification and ongoing inspections during production. Supplier performance is evaluated based on defective supply percentages, with quality control agreements providing remedies if standards are not met. The quality control system encompasses all production stages, including trial runs for new assembly lines, in-process checks, final inspections, and road tests prior to shipping. The company also monitors product acceptance by distributors and customers to identify and address quality control issues. Its global R&D and manufacturing operations include a dedicated quality control laboratory equipped with advanced testing instruments and proprietary inspection systems for battery cells.
Sources:
Niu Technologies's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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