UPS TO REDESIGN SAMSUNG UNITÆS TRANSPORTATION, LOGISTICS NETWORK
United Parcel Service said Thursday it has singed a memorandum of understanding with electronics manufacturer Samsung Electro-Mechanics Co. Ltd. to streamline SEMCO's international transportation and global supply chain.
The UPS/SEMCO task force will conduct a six-month review of the Korean's company's international transportation needs and global supply chain management and will consider outsourcing opportunities for UPS. SEMCO has managed its supply chain in-house.
“By outsourcing its global supply chain management to UPS, we believe SEMCO can streamline its operations, increase is speed to market and, as a result, significantly lower costs and improve customer service,” said Ron Wallace, president of UPS International.
SEMCO, a subsidiary of the Samsung group, Korea's largest business conglomerate, produces more than 50 parts and components used in telecommunications, audio-video devices, computers and peripherals. SEMCO has three plants in Korea and eight international plants in China, Thailand, Indonesia, the Philippines, Mexico, Portugal and Hungary.
UPS TO REDESIGN SAMSUNG UNIT’s TRANSPORTATION, LOGISTICS NETWORK
