Yifeng Pharmacy Chain Co., Ltd. (China)

Yifeng Pharmacy Chain Co., Ltd. is a leading regional pharmaceutical retail chain company in China. As of the end of December 2013, the company had a total of 660 directly operated chain stores in six provinces and cities, including Hunan, Hubei, Shanghai, Jiangsu, Zhejiang, and Jiangxi. According to MDC data, the company ranked sixth in the Top 100 Chinese Pharmaceutical Retail Enterprises for two consecutive years in 2011 and 2012. According to the data from "21st Century Pharmacy Report," the company also ranked sixth in the Top 100 Chinese Chain Pharmacy Enterprises for two consecutive years in 2012 and 2013. The company has achieved rapid growth by seizing favorable market development opportunities. It not only focuses on rapid expansion but also emphasizes refined operation and management. Through continuous improvement in daily operations, the company has established six core systems, including customer satisfaction system, core product operation system, performance evaluation system, store operation analysis system, new store location and opening system, and standardized management system for stores and departments. From standardized daily store operations to product management, information management, employee evaluation, and new store location strategies, the company has formed a standardized and process-oriented management model. It has successfully implemented an ERP system to achieve unified management of personnel, finance, materials, and information, continuously improving operational efficiency.