Meanwell's 30 years of business history have accumulated valuable experience

In the past 30 years, China's Taiwan electronic device industry chain has encountered many challenges in the rapid changes in the world market competition situation, whether it is the supply chain management shift since 2000 and the financial tsunami in 2008, all of which have had an impact on China's Taiwan electronic device industry chain, and many manufacturers have suffered operational difficulties due to their inability to resist changes in the general environment.

For more than 30 years, Mean Well has been able to adapt to the unpredictable and changeable situation and continue to grow and develop, not only showing an average annual operating income of 15% in the past five years, but also creating a more solid and unchallengeable competitiveness, becoming the hidden champion of Taiwan, China.

Create MEAN WELL step by step with 3 major advantages

At the time of MEAN WELL's entrepreneurship, like most enterprises, it also invested funds in the production and manufacturing of DC switching power supplies adapted to PC machines, but with the rapid development and growth of IBM electronic computers, Lin Guodong heard that IBM was a dominant situation, which would make the OEM production of DC switching power supply for electronic computers follow the trend of approaching Guangzhou Evergrande, at that time, the scale of asset management could not be compared with large factories, and MEAN WELL quickly transferred to the development and design industry of small and diverse industrial-grade switching power supplies in 1986. And with the development trend of independent brands as the ambition, looking forward to a different road.

Over the past 30 years, MEAN WELL has created three advantages of "economic globalization, localization, and leanness" step by step. Not only in the well-known brands, products, channels, outstanding talents and information management systems, etc., have created detailed economic globalization advantages; Moreover, it means that the establishment of overseas companies and local agents are inseparable from each other, creating a "Pan Mingwei" management system and presenting products and services that comply with local policies and regulations; MEAN WELL has also created an overall lean work capability from the past 30 years of training.

Different from the general machinery industry, which mostly uses production and manufacturing after receiving orders to control costs, MEAN WELL uses purposeful manufacturing in order to supply customers in the fastest time, that is, when the order information has not been received, the funds will be invested in manufacturing; Secondly, in order to be inseparable from the collaboration with agents and supply chain management partners, unlike most electronic device practitioners who will issue the inventory work pressure to suppliers and agents, MEAN WELL is "carrying its own inventory by itself", and the cooperative manufacturers do not have to shoulder the inventory work pressure.

Zheng Zhide said that MEAN WELL has a large supply of 8,000 kinds of products and purposeful manufacturing, but MEAN WELL also strives to obtain a large amount of order information because of the system that can ensure the rapid delivery of basic products within 2 days, which greatly improves customer satisfaction.

In this matter, MEAN WELL uses the unique processing plant workflow created for 30 years, which can ensure the temporary communication ability of one hour to change the line, and can quickly convert the production line according to customer satisfaction, which has also become the unique competitiveness of MEAN WELL in the DC switching power supply industry.

Meanwell's 30 years of business history have accumulated valuable experience

With the core competitiveness of various stages, MEAN WELL does not have an immediate customer turnover at this stage, exceeding 0.5% of MEAN WELL's turnover, which further makes MEAN WELL have the advantage of decentralized sales market and customers, which makes MEAN WELL not suffer from the overall operation due to the slowdown of the requirements of a single sales market, whether it is in the financial tsunami, the economic crisis in EU countries, or the economic downturn in Chinese mainland.

Excellent talent is the key to competitiveness

MEAN WELL can create irreproducible competitiveness at all levels, which is naturally very related to MEAN WELL's sound talent training system, because whether it is the continuous adjustment and improvement of the production line steps of the processing plant, the expansion of business processes around the world, and the research and development of independent innovative products, etc., excellent human resources are the key.

"MEAN WELL's training system has always been very detailed, so being able to show that excellent talents are the best grand blueprint for the development trend," MEAN WELL's head of human resources, Hong Yanfeng, emphasized that for new social development, MEAN WELL's overall planning lasts for a three-month apprenticeship training period, during which the novices will be dispatched to different units such as product research and development, manufacturing, business processes, and commodities, so that they can observe the suitable positions of the novices in the whole process, and the novices can also have a deeper grasp of themselves. In the future, they will be assigned to the right company according to their interests and work ability.

MEAN WELL expects to introduce 10% of novices every year and recruit a large number of international talents to create MEAN WELL's more tenacious competitiveness. At this stage, in addition to expanding the scope of unit rotation to various overseas gathering points and developing employees' independent innovation ability and work ability, MEAN WELL is also promoting the "Wild Goose Plan" to recruit a large number of young people with work ability, idealism and enterprising spirit.

There is a big stone on the greening of the office building of MEAN WELL's head office, and there are two lines of calligraphy signed by Lin Guodong on it: "The sun shines on the ancient road of Jinshan, and the company is prosperous", which is Lin Guodong's life motto and the foundation of MEAN WELL's company culture, in the past 30 years, Lin Guodong has gradually created a "sincere, honest operation" MEAN WELL, so that MEAN WELL is enough to open up a world with employees, supply chain management partners, and consumers with the essence of the spirit of "common good"; We firmly believe that the logical thinking of treating people with sincerity will further promote MEAN WELL, create stronger competitiveness, and create the next 30 years of glory for MEAN WELL.

Meanwell's 30 years of business history have accumulated valuable experience

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