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LG looks for a global supply chain management system

Filed in archive News by ehsan on August 06, 2008

LG looks for a global supply chain management system
The range on new vulnerabilities in South Korean supply chains has resulted in the Korea's giants making some reactions: LG Electronics is one of them which tries to reduce fraud and mis-handling of inventory problems in its global operations system.

According to Korea Times, the world's No. 3 flat-screen TV and No. 4 handset maker, is determined to implement a global supply chain planning system in place to achieve its goals.

A general benchmark with U.S.-based Hewlett-Packard has showed that LG can increase the productivity by 10 percent by cutting inventory levels and lead times, and to check the current status of product shipments in real-time.

Analysts say LG is on the right track for a better supply system. But they urge the company to present more detailed strategies as LG's supply-chain management is in its initial stage.


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Tags: lg  electronics  supply  chain  management  scm  logistics  samsung  tv  2007  supply+chain 

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