The price fluctuations of L-threonine will pose challenges to the cost control and profit acquisition of relevant enterprises. Enterprises can adopt the following multiple measures to deal with them:
I. Optimizing the Procurement Strategy
Establishing Long-term Cooperative Relationships: Sign long-term contracts with high-quality suppliers, agreeing on the procurement price, quantity, and quality standards within a certain period to reduce the impact of price fluctuations. At the same time, by establishing strategic partnership, suppliers may provide certain support to enterprises in terms of price discounts, priority in supply, etc.
Adjusting the Procurement Timing Flexibly: Enterprises should closely monitor the market price trends of L-threonine, and rely on professional market analysis institutions or internal market research teams to predict the price trends. Appropriately increase the procurement quantity during the price trough and establish a reasonable inventory reserve. However, attention should be paid to the inventory cost and the shelf life of the goods.
Expanding Procurement Channels: In addition to cooperating with traditional suppliers, enterprises can also actively seek other reliable supply sources, such as foreign suppliers or emerging production enterprises. In this way, when there are significant price fluctuations or supply shortages in a certain supply channel, goods can be obtained from other channels to ensure the stability of supply.
II. Improving Production Efficiency
Optimizing the Production Process: Increase investment in research and development, improve the production process, enhance production efficiency, and reduce the production cost per unit product. For example, by optimizing the fermentation conditions, improving the performance of strains and other measures, the output of L-threonine can be increased without incurring excessive costs, thus offsetting the cost pressure caused by the increase in raw material prices to a certain extent.
Strengthening Equipment Management: Regularly maintain and service the production equipment to ensure that the equipment is in good operation condition, reduce production interruptions and efficiency decline caused by equipment failures. Update old equipment in a timely manner, adopt advanced production equipment and technologies, and improve the automation level and production efficiency of production.
Improving Employee Skills: Strengthen employee training to improve their operation skills and professional qualities, enabling them to master the production process and equipment operation proficiently, reduce mistakes and waste during the production process, and improve production efficiency and product quality.
III. Strengthening Cost Control
Implementing Fine Cost Management: Conduct a detailed analysis and accounting of all costs of the enterprise to identify the links where costs can be reduced. For example, in each link such as raw material procurement, production processing, packaging, and transportation, formulate strict cost control standards to reduce unnecessary expenses.
Reducing Energy Consumption Costs: Adopt energy-saving equipment and technologies, optimize the energy consumption in the production process, and reduce energy costs. For example, arrange the production plan reasonably to avoid the idling of equipment; use technologies such as waste heat recovery and energy cycle utilization to improve energy utilization efficiency.
Controlling Inventory Costs: Establish a scientific inventory management system, determine a reasonable inventory level according to market demand forecasts and production plans, avoid inventory backlogs and capital occupation. Strengthen inventory checking and management to reduce inventory losses and waste.
IV. Product Diversification and Innovation
Developing High-Value-Added Products: Increase investment in research and development, and develop high-value-added products using L-threonine as a raw material, such as compound amino acid preparations, special nutritional fortifiers, etc. These products often have a high profit margin and can make up for the losses caused by its price fluctuations to a certain extent.
Expanding Product Application Areas: Actively study the applications of L-threonine in new fields, such as cosmetics, health products, biopharmaceuticals, etc. By expanding the application areas, the market demand can be expanded, the enterprise's dependence on a single market can be reduced, and the enterprise's ability to cope with price fluctuations can be improved.
Strengthening Brand Building: Establish a good brand image, improve the product's popularity and reputation, and enhance the product's market competitiveness. The enhancement of brand influence helps enterprises to stabilize their market share during price fluctuations, and also provides a basis for the differential pricing of enterprise products.
V. Risk Management and Cooperation
Hedging with Financial Instruments: Enterprises can use financial instruments such as futures and options for hedging operations to lock in the procurement price or sales price of L-threonine and reduce the price fluctuation risk. For example, when expecting the price to rise, buy futures contracts or call options; when expecting the price to fall, sell futures contracts or buy put options.
Strengthening Industry Cooperation: Establish cooperative relationships with peer enterprises to jointly deal with price fluctuations. Through consultations among industry associations or enterprises, cooperate in procurement, production, sales, etc., such as joint procurement to improve the bargaining power, and jointly formulate industry standards to regulate the market order.
Establishing a Risk Early Warning Mechanism: Enterprises should establish a complete market risk early warning mechanism, closely monitor factors such as domestic and foreign political and economic situations, industry dynamics, and changes in policies and regulations, collect and analyze relevant information in a timely manner, and make advance predictions of the factors that may affect the price of L-threonine, so that enterprises can adjust their business strategies in a timely manner to deal with price fluctuation risks.