No. 8,Longyang Avenue
Nationwide Sales Network
Jointown has established a nationwide sales network, which is one of the most extensive among the existing medical commercial enterprises in China that has lots of advantages in view of the breadth and depth of the sales network.
As of June 30, 2020, Jointown has invested building up 31 provincial medical logistics centers in the national provincial administrative regions and set up 104 prefecture-level distribution logistics centers.The marketing network of Jointown has covered most administrative regions in China, forming up a national network. Meanwhile, it has 1,074 retail pharmacies (including franchised stores) nationwide, making it one of the enterprises with the most extensive marketing network coverage among the pharmaceutical distribution enterprises in China.
Advanced Logistics Technology
Jointown, one of the few pharmaceutical distribution enterprises in China to carry out independent research and development of modern logistics technology and the integration of pharmaceutical logistics management system, has the advantages of a unified logistics warehousing system and supply chain system.The company actively introduced domestic and foreign professionals, formed a leading-edge team for logistic technology research and development and management, and accumulated rich practical experience in the pharmaceutical logistics center planning, equipment selection, system integration, system online implementing and relocation. The company widely applied the Logistics Management Information System (LMIS), Warehouse Control System (WCS), Transportation Management System (TMS) and others with independent intellectual property rights and obtained related 313 computer software copyright.
Jointown won the "5A Logistics Enterprise" award in both 2010 and 2012. In 2012, it won the title of "Top 10 Logistics Enterprises of China". In 2015, it won the title of "2014-2015 Chinese Pharmaceutical Logistics Industry Enterprise of the Year".In 2017, it won the title of "Gold Award?Enterprise of the Year" of pharmaceutical supply chain in 2016-2017. In addition, Jointown Wuhan Dongxihu Modern Pharmaceutical Logistics Center was successfully approved as "National Intelligent Warehouse Logistics Demonstration Base".In 2018, it won the title of “National Standard Demonstration Enterprise” according to the "Medicine Cold Chain Logistics Operation Standard".
Abundant Customer Resources
With rich resources of business varieties and upstream & downstream customer resources, as well as reliable and stable business relations with many upstream and downstream customers, Jointown possesses an apparent advantage over other similar enterprises in terms of OTC product marketing.
After years of honest management and business accumulation, the company has maintained a good cooperative relationship with more than 10,000 upstream suppliers and more than 200,000 downstream customers.In addition to pharmaceuticals, the company also exert efforts in business of health care products, TCM, herbal decoction pieces, medical devices, family planning products and consumer products, etc.The company operates more than 410,000 SKUs and has become one of the enterprises that own most complete product portfolio within the industry.
Those numerous upstream and downstream customer resources and business varieties result from years’ dedicated business operation, exploitation and accumulation, which lay a firm foundation for the companys future business development and expansion.The company provides multitudinous products and services to guarantee the diversified needs of customers and meet customers "one-stop" procurement needs, which not only saves customers procurement costs, but also improves customers procurement efficiency, thus further creates favorable conditions to establish a stable business relationship between company and customers.
Strong Value-added Services
Jointown is advantageous to provide demand solutions and value-added services to upstream and downstream customers, as well as to provide strong supply chain management and service capabilities for the Internet medical industry chain.
As early as 2000, the company established B2B e-commerce website, which is one of the earliest enterprises in the industry to carry out e-commerce transactions. Jointown pharmaceutical E-commerce (B2C) online business platform "EhaoyaoOnline Pharmacy" has developed well since its launch.The company has formed three major product lines that offer solutions: pharmaceutical logistics enterprises oriented "logistics planning and integration turnkey solution", pharmaceutical enterprise oriented “supply chain integration turnkey solution”, and hospital & regional medical management institution oriented "hospital supply chain collaboration solutions and medical & health information management system", etc.
At present, the Internet medical innovation mode of "Internet + physician + medicine + insurance" has made a major breakthrough with favorable policy supporting and Internet medical treatment and will usher in the near future with historic development.Relying on the existing established nationwide purchasing and marketing system, abundant varieties of resources and efficient warehousing and logistics operation system, Jointown has distinctive and strong advantages in the future supply chain management service of Internet medical treatment.
Flexible Operation Systems
As the largest private pharmaceutical circulation enterprise in China, Jointown has the advantages of flexible system, mechanism and operation mode, and the market-oriented business operation mode created conforms to the renovation direction and development trend of Chinas pharmaceutical circulation system.
The current filed where Jointown amid is a fully competitive market which is characterized by fierce competition and complete marketization.The main customers are community-level medical institutions, pharmacies, clinics, distributors, etc. Only those commercial circulation enterprises who provides "good service, low prices, superior quality" can grab the opportunity to stand out in the market, and also only those who have "low cost and high efficiency" is fully competitive. The business model adopted by the company in this fully market-oriented field is called the "Jointown business mode" in the industry and has gained rapid development and wide market recognition.With the step-by-step trial implementation by public medical institutions of the "4 + 7 purchasing with determined quantity", "Scale Payment ", "Diagnosis-Related Group " and "Reform of medical insurance payment methods ", etc.For medical institutions, medicines become the item of cost, rather than a single premium charge.Then market competition mechanism will play a role in medicine purchase.Besides,those who possesses fast and convenient service advantages will be widely recognized by medical institutions.Therefore, the outstanding competitive advantages of market-oriented operation mode of Jointown will be fully displayed and its market share will be greatly expanded, which offers some opportunities for expansion in the high-end medical institution market in which Jointown has not yet fully entered.
Highly Efficient Execution
Jointown implements a highly centralized group management and control system. It has absolute control and allocation power in terms of people, finance and goods, etc.
The company has strong competence of control and allocation in resources of labor, finance and materials that is advantageous in effective execution, quick response ability and low coordination cost to form up the all-round coordinated service system that better serve upstream and downstream customers and reduce customer transaction costs.
The subsidiaries or logistics centers established nationwide by Jointown are mainly wholly-owned subsidiaries of the Group, whose interests are completely consistent with those of the group.Jointown group closely coordinates with subordinate enterprises in operation management, business activities, financial accounting and personnel arrangements, etc.Jointown implements highly unified and centralized controlling, rather than a simple financial statements consolidation and resources exchanges, that maximizes the superiority of the group to form up a consistent management mechanism, reduces the cost of collectivization management and unnecessary internal resources consumption, and improves work efficiency.
In addition, since 2008 Jointown has implemented the "two centralization "management mode of " purchasing and financial centralization"on a trial basis.Under highly centralized group control, the company take use of the nationwide service system to provide one-stop service of procurement and settlement for upstream customers, which effectively avoid the inconvenience for upstream customers to do business, financial settlement and policy coordination with subsidiaries of Jointown that scattered all over the country, thus greatly reduces the customers transaction costs.This management mode is indeed an innovation of collectivized management in the industry.
Excellent Enterprise Culture
Jointown has formed a corporate culture system with "family" culture as the core, which conforms to the essence of Chinese culture and the requirements of age of building a "Harmonious Society" that has strong vitality and brand advantage.Corporate culture is the soul of an enterprise and the inexhaustible driving force for its sustainable development.Corporate culture is an internally cohesive force and an externally radiating force. With years of endeavor, Jointown has formed an original ecological "family" culture system with the main connotation of creating common enterprise culture, ownership culture, platform culture, service culture, school culture, team culture, family rule culture and so on, and has always advocated the philosophy of "equality, friendship, mutual help, progressiveness".Jointown establishes the corporate culture through the design of the corporate image and the cultivation of the corporate spirits, involves employees’ideas and behaviors in the long-term goal and common values of the development of the company and stimulates the enthusiasm and creativity of employees.At the same time, Jointown adhere to the core value of "orient customer as the center, performance as the guidance, culture as the drive and quality as the life being”.Through ongoing cultural integration, Jointown fully adopts the "family" cultural ties to strengthen group cohesion, cohesiveness and competitiveness and give full play to the enterprise culture in promoting enterprise core competitiveness.