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YCH Receives Singapore's Highest Industry Accolade for High Performance |
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Award testament to YCH's vision of true real-time supply
chain
SINGAPORE, 15 October 2008 - Leading Singapore-based logistics and
supply chain management company YCH Group, yesterday clinched the award
for the Most Innovative Use of Infocomm Technology in the Private Sector
at the Infocomm Development Authority of Singapore's (IDA) biennial
National Infocomm Awards (NIA). YCH was recognized for the development
of South-East Asia's first RFID-enabled Supply Chain Management Nerve
Centre. This project was developed by YCH Group in collaboration with
hardware and application vendors Motorola and Y3 Technologies in the
earlier part of this year.
The awards are touted as the "highest industry accolade for infocomm
innovation in Singapore". YCH was among the five winners this year
across the public and private sectors. YCH Group's suite of innovative
award-winning end-to-end supply chain management solutions employ
cutting edge web-technologies that are best-in-class across industry
clusters from consumer and electronics to chemical and healthcare, to
deliver powerful competitive advantages for customers.
"The award is a strong acknowledgment of YCH's continued commitment to
providing our customers with innovative end-to-end supply chain
management solutions to enable powerful competitive advantages," said Dr
Robert Yap, Chairman and CEO, YCH Group.
He added, "Innovation has always been at the core of YCH's philosophy of
providing seamless solutions for our customers' business needs. RFID is
an enabling technology for the logistics industry - only with RFID is
true integration of the physical flow and information flow possible. The
successful implementation of RFID technology across our operations helps
us realize the vision of a true real-time supply chain for our
customers. This is the pinnacle of supply chain excellence and will lay
the foundation to ultimately integrate the third flow - financial - to
realize our vision of The Logistics SuperhighwayT."
The win reflects the company's focus on becoming the forerunner in
bringing the best practices in RFID technology implementation and
management to all businesses across the region. This has helped achieve
new operational efficiencies for YCH in its Supply Chain Management
(SCM) services and solutions to enable its MNC customers streamline
their business and process flows. The RFID technology was developed
based on a need to provide greater visibility of customer assets,
connecting the physical world to the information world for businesses to
operate real-time.
RFID technology introduces a wide range of new capabilities with the
potential to not only optimize current business processes, but also
ultimately creates new ways of doing business. These processes have the
potential to deliver unprecedented value, within and across company
boundaries.
Known for harnessing cutting-edge technology as a strategic enabler in
orchestrating end-to-end supply chain solutions for its customers, YCH
has constantly received industrial recognition for its IT innovations.
In 1992, YCH received the National IT Award for strategic exploitation
of IT in business; in 2004, YCH received the National Infocomm Award for
its innovative Virtual Hub (V-HubT) solution that allows virtual
sourcing of raw materials based on optimised requirements, to feed to
global manufacturing plants, enabling manufacturers and brand owners to
'Buy Anywhere, Make Anywhere, Sell AnywhereT'.
"Business and technology are inextricably interdependent today, even
more so in the foreseeable future. Technology is becoming increasingly
important as a strategic driver for any type of business or
organization, giving them the ability to adapt, innovate and gain a
competitive advantage. Our students are continually challenged to think
about how technology can create value in an organization and ultimately
drive business success. Companies such as YCH serve as real-world case
studies of how technology is built into the backbone of the
organization, and their High Performance Supply Chain Nerve Centre using
innovative technologies such as RFID is a prime example of that," said
Prof. Steven Miller, Dean, School of Information Systems, Singapore
Management University.
The solution has concurrently been implemented in Malaysia for customers
such as Dell Computers and will continue to be rolled out across YCH's
Asia Pacific network in countries like India, China and Vietnam.
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