The transformation and upgrading of fastener industry has become inevitable

SMEs, especially small-scale manufacturing companies, have very limited human, financial, and material resources. In the fierce market competition, it is impossible to win with scale. In particular, they cannot directly confront the large-scale enterprises with the same products. The advantages of small-scale manufacturing enterprises lie in their professionalism. They are deep-seated, and they win with perfection. Just like Shanghai Odaco Co., Ltd., they specifically select high-end fasteners as their products to settle down and take the path of professional development.

Once upon a time, how many small and medium-sized enterprises chose to diversify their business after a bit of development. As a result, many companies have lost their lives. Some companies have since fallen into sluggish state and even closed down. A large number of enterprises have learned lessons in the aftermath of the waves of market waves. Retired, returned to the old bank, and returned to the path of professional development. These lessons are very profound.

The reason is very simple. Small and medium-sized enterprises are not likely to attack the flagship product and its upstream and downstream products, and compete with large companies. It is impossible to achieve comprehensive technological advantages in the main product areas and upstream and downstream areas. It is impossible to establish a comprehensive and complete set of all these areas. The management system cannot establish a large sales network and after-sales service network because SMEs have very limited resources. What a small and medium-sized enterprise can do, but also must do so, only in the manufacture of a product, do it professionally, do it deeply, and do it finely, so that this product is technically more sophisticated and superior than the large-scale enterprise , To produce more advanced technology, more sophisticated technology, better performance products. This is where SMEs compete with large companies.

In this regard, Japan’s small manufacturing manufacturing companies have been very successful and are examples of our learning. Many Japanese small businesses have for decades produced only one product, specializing in one technology and honing a process. Focusing on one area for a long time makes these companies the best in their respective fields. This dedication to a process technology is known as a kind of professional spirit and constitutes a refinement of the remarkable features of the Japanese manufacturing industry.

Small and medium-sized enterprises can take advantage of several advantages in their path of specialization. First, they are technologically superior and they take a leading position in certain technologies. The second is the efficiency advantage, improve the efficiency of equipment use, and avoid redundant construction. The third is management advantages, establishing an efficient management system for a relatively simple production and operation system. As a result, SMEs concentrated their limited resources and specialized in their own professional fields and specialized products to win in the market competition.