LG looks for a global supply chain management system
Filed in archive News on August 6, 2008
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.
Tags: lg electronics supply chain management scm logistics samsung tv 2007 supply+chain
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Industry Guru
(08/06/08 6:02pm)
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ajreddy
(08/08/08 4:29am)
Research scholar involved in Supplychain Managment optimisation in pharmaceutical sector
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