Samsung Selects UPS Logistics To Revamp Global Supply Chain

Compiled ByJill Jusko Korea's Samsung Electro-Mechanics Co. Ltd. (SEMCO) has chosen the UPS Logistics Group to manage its global supply chain. The three-phase project will redesign SEMCO's logistics, transportation, customs brokerage, and inventory management for raw materials and finished goods in North America, Asia, Europe, and Latin America. The planned first phase of the project includes designing and implementing a global information technology infrastructure, and reengineering SEMCO's North American distribution network that connects manufacturing centers in Asia and Latin America with customers in North America. "We believe that superior logistics and supply-chain management are the keys to being competitive in today's economy," says Hyung-Do Lee, SEMCO vice chairman and CEO. "UPS Logistics Group is charged with adding efficiency and responsiveness to our global distribution network." Samsung Electro-Mechanics manufactures a variety of telecommunications and audio-video devices, computers, and computer peripherals, and sells 80% of its product outside of Korea.