The Super Rich: Start from when the family business is about to go bankrupt!

Chapter 569 WPG can't change the overall environment, but it can't even control the suppliers? Mr. An, please advise! This is called appealing to the emperor!
An Wuyang first said he encountered trouble, and then said he was ending the trip, which meant he didn't give Ren Tianxiang any choice.

How could Ren Tianxiang, an old fox who has passed the age of fifty, not understand what An Wuyang meant?
"It would be good to go back and have some tea, I'm tired from walking." Ren Tianxiang replied with a smile. He suffers from heart failure, and he felt tired after walking for only a short while.

An Wuyang waved to Duan Zhiqiang, who was not far away. Duan Zhiqiang immediately drove the sightseeing car over and took An Wuyang and Ren Tianxiang back to the office area of ​​the Tianjingyan medicinal herb planting base.

On the way, Ren Tianxiang took the initiative to speak, "President An, if you need any help, please don't hesitate to ask!"

Ren Tianxiang had kept quiet about it before because he had only overheard An Wuyang's conversation and deduced that there was trouble.

Offering help in that situation would certainly be inappropriate.

But now that An Wuyang has taken the initiative to express that he has encountered a small problem, it is naturally no problem for him to offer to help.

An Wuyang replied with a smile, "No need, it's just a very minor inconvenience."

"Oh?" Ren Tianxiang asked with interest, "Could you tell me what the trouble is?"

An Wuyang did not hide anything.

After An Wuyang finished speaking, Ren Tianxiang calmly said, "This kind of situation seems to be very common in Xia Country, right?"

Ren Tianxiang is qualified to say this because the overtime culture in Thailand is not actually that serious.

An Wuyang had no rebuttal, because similar situations were indeed very common in Xia Kingdom.

Although overtime is common, overtime pay is not, so this can be considered a double blessing, right?

"How does President An plan to resolve this?" Ren Tianxiang asked curiously.

Ren Tianxiang was indeed very curious about how An Wuyang would solve the problem. After all, given the current environment, was An Wuyang going to fight against it?

Although there are companies in Xia Kingdom that defy the environment and achieve great success, such as a certain supermarket that closes down one day a week, isn't such a supermarket heretical?
“This kind of small problem is too easy to solve,” An Wuyang replied calmly.

"President Ren, you should remember that I said before that we would pay in full in cash for the goods at dawn, right?" An Wuyang asked.

Ren Tianxiang nodded affirmatively, "I remember."

“When we have suppliers, the corresponding payment period is very short, usually no more than three days,” An Wuyang replied.

Ren Tianxiang was stunned for a moment. This works?
In fact, the payment terms of their Pufeng Lotus Group are very long.

For example, the Taisheng Group, which mainly develops in the aquaculture sector, has a payment period of up to six months.

Even so, this payment period is still relatively short.

Companies like Wugengtian that settle payments quickly are indeed very rare, since holding accounts payable can generate profits.

At the same time, shorter payment terms put enormous pressure on a company's cash flow.

"Given our very short payment terms, coupled with the ample profit margins we offer in our procurement prices, we have very strong control over our upstream suppliers," An Wuyang explained.

In fact, possessing just one of these two options is enough to exert significant control over upstream suppliers.

For example, Apple only needs to provide sufficient profit margins to make the supply chain flock to it.

Even though Apple has very strict management and very high quality requirements for accessories, it still cannot stop the enthusiasm of suppliers.

Wugengtian has two advantages: it leaves ample profit margins for suppliers and has a very short payment period. Wugengtian is practically a supplier's best friend!
Do not!
You could say the supplier is the apple of your eye!

An Wuyang first opened Douyin, then switched accounts to log in to the official account of Wugengtian Pharmaceutical Group, and then clicked on the video posted by a user named [Liu Fugen].

This video is now even more popular, with over five thousand replies.

The most popular comment even received over 10,000 likes.

……

Li Chia-chang V:

Hello everyone!
I am a certified employee of Wugengtian (a company name). Let me clarify one thing first: we at Wugengtian pay overtime, and we Wugengtian employees especially love working overtime!
Regarding the situation reported by @Liu Fugen, please trust that we will resolve it by dawn!

……

An Wuyang even clicked on 'Li Jiachang's' profile picture and found that the account really did belong to that kid Li Jiachang!

An Wuyang casually liked Li Jiachang's comment using the official account of Wugengtian Pharmaceutical Group, and then looked at the second most popular comment.

……

Ordinary Souls:

@Wugengtian Pharmaceutical Group: Waiting for the results!
……

This comment received over 10,000 likes and a huge number of follow-up comments, exceeding 2,000, all of which were tagging @WugengtianPharmaceuticalGroup and expressing their anticipation for the outcome.

An Wuyang read several more highly upvoted comments, almost all of which were waiting for Wugengtian Pharmaceutical Group to make a statement.

Facing the expectations of the general public, An Wuyang did not disappoint them, commenting using the official account of Wugengtian Pharmaceutical Group:
……

Wugengtian Pharmaceutical Group V:

@Liu Fugen: Your request has been received, and we will resolve this issue as soon as possible!
……

After replying to Liu Fugen, An Wuyang sent a message to Tang Wenshu.

'An Wuyang: Send me the contact information for that Qianyaotang.'

After reporting to An Wuyang, Tang Wenshu prepared the relevant materials and sent them over as soon as An Wuyang sent the message.

Tang Wenshu: [Contact Information for Qianyaotang Pharmaceutical]

Tang Wenshu: Lin Qianyao, owner of Qianyaotang Pharmaceutical Co., Ltd.

Tang Wenshu: [Qianyaotang Pharmaceutical Supply Contract]

Tang Wenshu: Mr. An, Qianyaotang supplied us with 60 tons of finished white peony root in December at a price of 132 yuan per kilogram, accounting for approximately 6.67% of the total supply.

Tang Wenshu: We have already paid the other party 792 million yuan this month.

Tang Wenshu: My preliminary estimate is that the other party's net profit is at least over two million.

An Wuyang finished reading the information and glanced at the supply contract. The contract between the two parties was a short-term supply contract, only for one year.

According to the contract, Qianyaotang can provide up to 10% of the total supply, but now Qianyaotang is providing less than 7% of the white peony.

So, does Qianyaotang Pharmaceutical want to increase production drastically during the supply period in order to make more money?
An Wuyang took out his phone and dialed the number of Lin Qianyao, the owner of Qianyaotang Pharmaceutical.

The call was answered in less than half a minute.

"Hello, may I ask who you are?" Lin Qianyao's attitude was very polite.

Based on the caller ID, Lin Qianyao knew it was Shengqing calling, and he had also seen the video on the Douyin platform, so he guessed it was someone from Wugengtian Pharmaceutical Group calling.

"I am An Wuyang," An Wuyang introduced himself.

"Hello, Mr. An," Lin Qianyao greeted quickly, adopting a humble attitude as much as possible. "What can I do for you, Mr. An?" "You are a company from Nanhe Province, right?" An Wuyang inquired.

"Yes, Mr. An." Lin Qianyao's tone was full of obsequiousness.

“My phone number is also my WeChat ID. Add me as a friend later, then send me your Qianyaotang payroll list and all employee information, including their contact information,” An Wuyang explained.

Upon hearing An Wuyang's request, Lin Qianyao broke out in a cold sweat. How could he not guess that An Wuyang wanted to investigate the salaries and overtime pay of the staff at Qianyaotang?
But Lin Qianyao couldn't refuse!

"Understood, I'll add President An as a friend right away and then send the corresponding message to him," Lin Qianyao replied.

"I'll give you five minutes." An Wuyang gave the time limit and then hung up the phone.

Nanyang City, Nam Ha Province, Qianyaotang Pharmaceutical.

Upon hearing the call end, Lin Qianyao immediately added An Wuyang as a friend, then contacted the finance staff to send over the relevant information, which he then forwarded to An Wuyang.

In just over three minutes, Lin Qianyao sent all the employee information to An Wuyang, as well as the payroll.

Qianyaotang Pharmaceutical has a total of 42 employees, making it a small to medium-sized enterprise, and its automation level is relatively low.

Qianyaotang's annual output of white peony can actually exceed 2,000 tons, but the quality will decline after the output increases. In order to meet the higher corporate standards of Wugengtian, Qianyaotang's monthly production capacity has been reduced.

After all, we have to carefully select raw materials and be extremely cautious at every stage of processing, which is why production capacity has decreased.

However, the corresponding profits are actually higher!
An Wuyang checked the wages of the corresponding employees and found that the basic salary of the front-line production staff was only a little over four thousand yuan, and they were also working overtime without pay. An Wuyang showed a speechless expression.

An Wuyang dialed Lin Qianyao's number again.

After the call connected, Lin Qianyao asked obsequiously, "Hello, President An, what can I do for you?"

“I’ll give you two choices,” An Wuyang said.

“First, if you accept our Wugengtian salary guidance plan, then you will retain your status as a Wugengtian supplier,” An Wuyang said, stating the first option.

"Secondly, they were separated from our Wugengtian supplier system," An Wuyang added.

"Choose for yourself!" An Wuyang gestured for Lin Qianyao to make a choice.

Lin Qianyao responded without hesitation, "We are willing to accept President An's guidance. We hope President An will be lenient and listen to President An's wise words."

An Wuyang overlooked the other party's obsequious attitude, a situation all too common in the business world!

In business collaborations, there are countless instances where human nature can be pushed to its limits. Making money simply by saying nice things is the easiest thing to do.

"Regarding wages, all frontline workers have had their wages increased to 5,000 yuan," An Wuyang explained.

“No problem.” Lin Qianyao agreed without hesitation.

It's only an increase of less than 20%, which isn't a big problem.

"Secondly, overtime pay should be paid according to regulations, at 150% on weekdays and 200% and 300% on holidays," An Wuyang reminded.

“As for the reference hourly wage,” An Wuyang paused briefly.

An Wuyang stated the minimum legal regulations of Nanhe Province, "Your Qianyaotang Pharmaceutical is located in Nanyang, Nanhe Province, which is a Class I area of ​​Nanhe Province. The minimum hourly wage should not be lower than 20.6 yuan per hour."

“Okay!” Lin Qianyao agreed again.

Although paying overtime will reduce profit margins, working from dawn till dusk will still ensure a good living, so why not follow suit?

"In addition, we also need to provide all workers with labor protection supplies, and we need to purchase labor protection supplies that meet the specifications and standards. We also need to purchase social insurance and housing provident fund for the workers. Is there a problem?" An Wuyang asked.

Lin Qianyao didn't hesitate, "No problem!"

"Alright, that's all for now. I hope you can handle it immediately. I will conduct random checks and follow-ups," An Wuyang reminded him.

“I almost forgot something. You can’t fire Liu Fugen, and you need to give him fair treatment. I will pay close attention to this matter,” An Wuyang added.

Those who carry firewood for the masses should not be left to freeze to death in the wind and snow!
Sometimes, some methods can't achieve fairness, so let An Wuyang be the fair one!
If you can't fix the overall economic situation, can't you fix a small supplier?

"Please rest assured, Mr. An, I will handle it immediately." Lin Qianyao had absolutely no intention of being disobedient.

In the past, Qianyaotang Pharmaceutical's net income after a year of hard work would not exceed two million. After paying various taxes and other miscellaneous expenses, the income that Lin Qianyao actually received was not much.

But now, following Wu Gengtian, he can earn more than two million a month, so why shouldn't he listen to An Wuyang?
Even if An Wuyang was only instructing him on the issue of wages and overtime pay, he would still fly to Shengqing's Wugengtian headquarters immediately to kneel down and admit his mistake.

Just like with the cheap mobile phones back then, their boss flew directly to Corey to humbly serve drinks, which is actually the same principle.

In the business world, whoever is in a dominant position can act arrogantly and domineeringly!

Compared to the profits Lin Qianyao gained, An Wuyang's demands were barely a slap on the wrist.

After ending the call, Lin Qianyao went to the production workshop immediately, demanded that production be suspended, and began to announce An Wuyang's instructions.

After Lin Qianyao finished conveying An Wuyang's instructions, he continued, "Liu Fugen, starting today, you are the team leader of the production line. You will be strictly responsible for production work from now on."

Liu Fugen hesitated for a moment, but still agreed, saying, "Okay! Thank you, President Lin!"

Lin Qianyao sighed, "Thank you, President An!"

After Lin Qianyao left, the workers on the production line cheered, "President An is awesome! Wugengtian is awesome!"

Some workers who knew Liu Fugen jokingly asked, "Old Liu, where did you learn that trick?"

"Don't TV dramas feature petitions to the emperor?" Liu Fugen asked rhetorically.

"That General Manager An at dawn, isn't he like an emperor to our factory?" Liu Fugen added.

"That makes sense!" the familiar worker laughed heartily. "So our monthly salary should be over ten thousand now, right?"

Liu Fugen quickly calculated: a basic monthly salary of 5,000 yuan, plus overtime pay as stipulated by An Wuyang.
If we calculate overtime pay based on the minimum hourly wage of 20.6 yuan, and work six hours of overtime on a workday, then using a 1.5x multiplier, that would be 185.6 yuan. If we calculate based on a total of 22 workdays per month, that would exceed 4,000 yuan in overtime pay.

To increase production, they are now working around the clock, which means they have to work overtime all day on Saturdays and Sundays.

The corresponding overtime hours are fourteen hours, and calculated at double the pay, that's 576.8 yuan per day, 1153.6 yuan for two days, and more than 4,600 yuan for four weekends a month.

So no matter how you calculate it, their income will exceed ten thousand yuan!

If they really work overtime for the whole month, their wages will be more than three times what they used to be, so how could the workers of Qianyaotang Pharmaceutical not cheer?

Regarding the issue of illegal working hours in a single month.
Man!

Was it not illegal not to pay overtime before?
Why bring up illegal things again now?
Does Lin Qianyao have any complaints about the new salary system guided by An Wuyang?
That's highly unlikely!

The reason is simple: he can still make money, it's just a matter of making more or less, but overall, he still makes a lot of money following Wu Gengtian.

To put it bluntly, if Qianyaotang Pharmaceutical's production capacity meets the target, even with the implementation of the new wage system, its monthly profit will still exceed its previous annual profit.

Do I still need to consider how to choose?
This is the fundamental reason why he was willing to submit to An Wuyang!
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An Zong's Funds List:
(End of this chapter)