Samsung Electro-Mechanics Co. (SEMCO) has tapped UPS Logistics Group to re-engineer and manage its global supply chain.
The three-phase project will redesign Korea-based SEMCO’s logistics, transportation, customs-brokerage and inventory management systems for both raw materials and finished goods in North America, Asia, Europe and Latin America, according to a statement from Atlanta-based UPS Logistics.
The first phase of the project is to design and implement a global IT infrastructure that will add supply chain visibility to the flow of SEMCO’s raw materials, subcomponents and finished goods from suppliers through the manufacturers to the end customers, said UPS Logistics, which is a unit of United Parcel Service Inc.
“Through technology and new network management practices, we aim to add efficiencies and cost savings,” said Dan DiMaggio, CEO of UPS Logistics, in the statement.
SEMCO is looking for improved cycle times for finished goods, better customs clearance practices for both raw materials and finished goods, improved inventory and order accuracy, a lower number of returns and reduced inventory-carrying costs.