Customer Success > Gold Mark Group
Gold Mark Group: Centralize Cross-border Manufacturing
Digital Manufacturing Operation Platform for Multiple Regions
Company Introduction
Established in 1990, Gold Mark Group is an OEM/ODM manufacturer of cables and electronic products with headquarters in Hong Kong and one-stop production bases in Dongguan, China and Thailand. The main products include PVC pellet fabrication, copper wire drawing, wire stranding, cable extrusion, plug & connector moulding and assembly. The annual production capacity is over 60 million pieces of cables and wires in different types. The main customers are electric appliance manufacturers and multimedia conglomerates in Europe and the US. In addition, Gold Mark Group also sets up a Shenzhen R&D team to provide in-house ODM development services.
Business Challenges
- The Hong Kong headquarters of Gold Mark Group and its Chinese Dongguan branch each use two independent ERP systems purchased from local vendors. These systems are not interconnected, and their functions fail to meet business requirements.
- The Thailand branch has not implemented an ERP system and relies entirely on manual operation.
- Due to the different tax systems in Thailand, financial staff need to fill in reports manually.
Gold Mark Group hopes to upgrade its ERP system to address the issues of low communication efficiency and difficulty in unifying data among the three locations.
Yonyou’s Solution
Yonyou Hong Kong provides the best practice for Gold Mark Group by setting up a unified and highly localized ERP system for Hong Kong, Dongguan and Thailand offices. Yonyou U8 Cloud establishes a efficient and reliable system to optimize manufacturing, procurement, supply chain and finance processes, covering general ledger, accounts receivable and payable, reporting, purchasing, inventory and production orders. Yonyou Hong Kong also offers a tailor-made tax return filing system for Thailand office, which greatly reduces the time-consuming tasks for financial staffs and improves process efficiency by 200%.
Case Value
Yonyou U8 Cloud ensures the uniqueness, accuracy and consistency of data. Gold Mark Group can exchange all kinds of data smoothly among divisions, acquiring actionable insights through U8 system to make data-driving decisions. The system provides valid and complete production data and standardizes the operation process of each division, optimize production capacity and supply chain. With advanced database integration, Gold Mark Group is able to work faster and more transparent in financial accounting, reporting, inventory management and so on.