Question

what is the Critical Supply Chain Elements for LG electronics (based on history, trade journals, business publications and/or current events)

Answer 1

LG electronics has a belief of product being reached to people on their demand. The logistic chain cost of LG is 3.01 % on the net sales, after excise duty is deducted and freight cost on export is included. The improve supply chain of LG has led to cater new as well as distant locations being reached out. All the operations of LG were streamlined by global supply chain planning in 2008.Hindi Sera itself LG adapted it and changed its transportation function.the entire process of orders receiving production to the sales then inventory along with an online link is controlled and integrated by GSCP.it also enables in removing the gap between demand and supply.a better path for optimisation was aided by global digital logistics system. Which improved its loading as well as tendering capabilities.execution capability is to the shippers and the 3pl partners are given by the transportation solution with the help of Oracle ERP and EXEWMS. The LG supply chain protection from sun issue which is critical as well as strategy because impact of the operational effectiveness of the brand lies with the security of the comprehensive layering of the efforts and standards of security positive results by managing the risks existing within the supply chain. Other elements include implementation of green procurement strategy e invoicing support from the government.