UPS TO REDESIGN SAMSUNG UNIT’s TRANSPORTATION, LOGISTICS NETWORK

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.