- RFID-enabled Supply Chain Management Nerve Centre project clinches ‘Most Innovative Use of IT in the Private Sector’ at the biennial National Infocomm Awards
- Award testament to YCH’s vision of true real-time supply chain
SINGAPORE, 15 October 2008
YCH Group is Winner of the ‘Most Innovative Use of Infocomm Technology - Private Sector’ at the National Infocomm Awards 2008! (From L-R: Dr Robert Yap, Chairman & CEO of YCH Group, RADM (NS) Lui Tuck Yew, Senior Minister of State for Education and Information, Communications and the Arts, and Mr James Loo, Chief Information Officer of YCH Group.)
||Senior Minister of State RADM (NS) Lui Tuck Yew, who was Guest-of-Honour at the NIA Gala Dinner and RADM (NS) Ronnie Tay, Chief Executive of IDA finding out more about YCH’s winning project titled ‘High Performance Supply Chain Nerve Centre - RFID enabled’
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 Superhighway™.”
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-Hub™) 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 Anywhere™’.
“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.
About YCH Group
Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world’s largest companies, including Dell, Motorola, Canon, Dystar, Solutia, Moet-Hennessy and Frisian Foods. YCH Group’s suite of innovative award-winning end-to-end supply chain management solutions - Intribution™, Intrabution™, Retrogistics™, Y-Merge™ and V-Hub™ - 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 Singapore-based company currently operates throughout Asia-Pacific, including Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Korea, Japan and Vietnam.
A strong proponent of innovation, YCH is recognized for its 7PL™ approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and was conferred the Asian 3PL of the Year award by Supply Chain Asia in 2007. The company is also a consecutive winner of the highly-regarded Frost & Sullivan ASEAN 4 Logistics Awards for being Singapore’s Best Domestic LSP and Best IT/Electronics LSP two years in a row. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry.
More information on YCH is available on http://www.ych.com
For media enquiries, please contact:
YCH Corporate Communications
Ms Tien Yushan at Tel: (65) 6417 2773 or Email: email@example.com