How do three squirrels manage inventory?

Beijing, Wuhu, Chengdu, Guangdong, Shenyang, Jinan, Wuhan, Nanchang and other places. Three Squirrels does not produce directly, but they can sell high-quality snacks by controlling the supply chain, starting with the selection of suppliers. Three Squirrels currently has 277 suppliers, all of which are selected by Three Squirrels. These high-quality suppliers have become an important guarantee for Three Squirrels to sell good products without direct production.

Big data plays an increasingly prominent role in the operations of "Three Squirrels". These big data are based on a series of hardware built by the company itself: a sub-assembly plant that meets the requirements of informatization and standardization, a food testing center with an investment of tens of millions of yuan, and 8 distribution warehouses.

Based on these data, Three Squirrels created a cloud-centric quality control center. Specifically, the system will automatically capture each consumer's online comments, as well as complaints and feedback from Weibo and other channels, and track which supplier produced the product and which link is wrong. In addition, the data detected by the three squirrels themselves will also enter the system.

Three Squirrels Co., Ltd. was established on February 16, 2012. The company is headquartered in Wuhu, Anhui. It is the first company in China to position itself as a pure Internet food brand, and it is also the food with the largest sales volume in China. An e-commerce enterprise, its main business covers a full range of snacks such as nuts, dried meats, dried fruits, and puffed snacks.[1] On December 3, Three Squirrels announced that its annual sales in 2019 exceeded 10 billion, becoming the first company in the snack industry to cross the 10 billion threshold. ?[2]?

On July 10, 2019, Three Squirrels announced that it would issue ordinary shares and list them on the Shenzhen Stock Exchange GEM on July 12. ?[3]? Known as “the number one national snack stock”.

Once the "Three Squirrels" brand was launched, it was immediately favored by venture capital institutions. It successively received US$1.5 million in Series A angel investment from IDG and US$6 million in Series B investment from Capital Today. In 2015, Three Squirrels Squirrel received an investment of 300 million yuan from FREES FUNDD.

On April 21, 2017, the company disclosed the IPO prospectus for the first time and planned to list on the GEM of Shenzhen Stock Exchange[4]