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Samsung Electronics hosted a supplier conference and celebrated the 31th anniversary of the conference in Suwon on February 3.
With the merger between Samsung Electronics and Samsung Gwangju Electronics and registration of new members, the number of companies which are members of the conference has increased to 182.
In the conference, Choi Gee-Sung, vice president of Samsung Electronics, said "Samsung will give full support to its suppliers to strengthen their competitiveness by sharing information and jointly developing innovative technology."
Lee Se-Yong, president of the conference, also said "I appreciate Samsung’s support for its suppliers and I wish Samsung will continue to support its secondary and third suppliers for win-win growth."
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Samsung Electronics embarked on a campaign to make its suppliers more competitive on the global stage, conceived by the global brand's philosophy that "globally competitive products cannot be created without the support of suppliers' cooperation.'
In what it called 'nurturing small but strong global suppliers' launching ceremony, Samsung selected 28 suppliers as such 'small but strong suppliers' that will be entitled to receive a range of supports -- in three fields of funding, manning and manufacturing -- from Samsung. Samsung is planning to award a certificate of “small but strong SMEs (small and medium enterprises) – globally competitive enough to be able to rank out of top 5 in the according industry.
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Understanding supplier performance is vital to ensuring a well-functioning supply network. This how-to book will help you develop and implement an evaluation process to help you reduce costs, lower risk, and improve both the performance of your company and your suppliers.
This practical text includes examples of best practices that companies are using to evaluate suppliers and illustrates how to get beyond collecting data for the sake of data to achieving real results. It shows how to get at the meaning behind supplier metrics, and choose measurements that are meaningful both in the context of your goals and also for the supplier. Supplier Evaluation and Performance Excellence helps you get at the root causes of supplier problems that even suppliers may be unaware of and enable them to make high-impact improvements.
Many firms do not know where to begin in the supplier evaluation process, what ways would work best, or even what kind of results they want to get. They know that they should be measuring supplier performance, but may not understand why or what they would gain from it. This book is geared toward managers at two types of companies: those who know that they should be measuring supplier performance but do not know where to start, and companies who want ideas about how to improve or revitalize a current program.
Key Features:
-Details the business case for supplier evaluation; where to start; what to measure; how to develop an evaluation process; strategies and approaches to supplier evaluation; and how to get from performance measurement to performance improvement
-Categorizes the supply base to determine which suppliers to focus performance measurement on and what types of measurement is appropriate for different categories of suppliers
-Outlines a process for developing a supplier evaluation program from overall strategy to execution
-Discusses how to get from evaluation to action and presents supplier development approaches with examples of successful measurement strategies
-Illustrates different approaches to understanding return on investment and positioning strategies for supplier evaluation to get management support for the process
-WAV offers value-added supplier evaluation tools and templates including a supplier evaluation implementation plan template, a supplier assessment topics hierarchy, a sample scorecard, a list of common supplier performance metrics and their definitions, and more, available from the Web Added Value Download Resource Center at jrosspub.com