- Collaboration with Shanghai Lingang Economic Development Group is testament to YCH�s pioneering and extensive experience in RFID implementation
Shanghai, China, 21 February 2008 - Leading Singapore-based logistics and supply chain management company YCH Group, today launched the industrial zone�s first Radio Frequency Identification (RFID) project at the Shanghai Lingang Logistics Park. This project, developed in collaboration with Shanghai Lingang Economic Development (Group) Co. Ltd., will provide a standard framework for the future implementation of RFID technology in other warehouses in Lingang.
�RFID is an enabling technology for the logistics industry - only with RFID is true integration of the physical flow and information flow possible. The launch of the RFID project at Lingang Logistics Park in Shanghai marks the next step forward for YCH in our ongoing expansion plans to strengthen our capabilities in China and North Asia. This ground-breaking project is a testament to YCH�s capabilities and pioneering experience in implementing RFID technology successfully across our operations to create a true real-time supply chain for our customers,� said Dr Robert Yap, Chairman and CEO, YCH Group.
The implementation of the technology, developed by supply chain solutions provider and leader in RFID solution implementation Y3 Technologies, will provide the current YCH warehouse as well as future facilities in the park with increased security and a more precise and visible inventory information system, to enable better productivity and efficiency within the organization. Concurrently, YCH is also in the process of building another RFID-enabled YCH DistriPark in Lingang that is expected to be ready at the end of the year.
The technology�s introduction will provide a standard middleware interface for warehouse management systems and RFID system interaction for a seamless management of inventory and movement of goods. It will also provide a uniform communication interface between warehouse management systems and Yangshan Free Trade Port Area Management System Platform for efficient workflow with the various government bureaus.
�This project is indicative of YCH�s regional capabilities that enable us to forge greater collaborations with multinational companies to exploit the tremendous business opportunities in this region, as we strive to become the preferred end-to-end supply chain management solutions provider to customers.� added Dr Yap.
The Lingang Logistics Park�s adjacency to Yangshan Deep Water Port and proximity to Pudong International Airport makes it a strategic location for YCH to integrate YCH�s best practices in innovative cutting-edge technology implementation and knowledge of the Asian economic landscape to build a logistics superhighway.
�RFID technology is a definite boon to the logistics industry, taking it into a whole new era. RFID has the potential to dramatically improve logistics business processes and very soon we will see the use of RFID technology throughout the complete supply chain. Logistics companies that are slow to adopt RFID technology may find that they lose out as it effectively enables real-time tracking and visibility like no other solutions, � explained Mr. James Loo Wai Kheong, Chief Information Officer of the YCH Group and the Chief Operating Officer of Y3 Technologies.
By bringing in best practices in RFID technology implementation and management to Lingang, YCH is also committed to developing local talent and expanding its base of supply chain professionals in the municipality.
�YCH Group is a leading player in the regional logistics industry, and the company�s investment in implementing the RFID project in the Lingang Logistics Park is an endorsement of Lingang as a key logistics hub in China. As an important, long term investor, YCH has contributed significantly by bringing their expertise in supply chain management strategies to Lingang Logistics Park, setting the standard for the management of other facilities within the park.� said Mr. Zhu Weiqiang, President and General Manager of Shanghai Lingang International Logistics Development Co. Ltd, which manages the construction, investment promotion and development of the park.
YCH is the 14th largest importer in China, and was one of the pioneer Singapore firms to enter the Chinese market, in Shanghai in 1992. It has since developed a comprehensive logistics network in the country with presence in Tianjin, Hangzhou, Xiamen, Shenzhen, Guangzhou, Macau and Hong Kong, serving various Fortune 500 companies such as Dell and Motorola.
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, Solectron, Canon, Ciba Specialty Chemicals, Dystar, Solutia, Moet-Hennessy and Frisian Foods. 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 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. Besides being the past winner for the National IT Award and National Training Award, it is also a winner at the Second Annual Intelligent20 Awards by Intelligent Enterprise Asia, the IT Leaders Award by SCS, as well as the Asia Logistics Hall of Fame Award by Lloyd�s FTB. Other than receiving the National Training Award and Corporate HR Award, YCH is also ISO 9002, EMS 14001, OHSAS 18001 certified and a member of the Singapore Quality Class. YCH won the prestigious Singapore National Infocomm Awards in October 2004 and attained the highly-regarded Singapore Innovation Class in October 2005. More recently, YCH was also awarded the highly-regarded Frost & Sullivan ASEAN 4 Logistics Awards for being Singapore�s Best Domestic LSP and Best IT/Electronics LSP, and conferred the Asian 3PL of the Year award by Supply Chain Asia in 2007. More information on YCH is available on http://www.ych.com
About Shanghai Lingang Economic Development (Group) Co. Ltd
Shanghai Lingang Economic Development (Group) Co., Ltd., founded in 2003 with a registered capital of RMB3.3billion, is a state-owned group company established and directly administrated by the Shanghai Municipal Government. Lingang Group is responsible for formulating and executing development plans, forging partnership with strategic investors, and implementing investment promotions etc. Its role also includes organizing and implementing the development construction, infrastructure facilities investment, facilities development of Shanghai Lingang Industrial Area (including Lingang Equipment Area and Lingang Logistics Park) as well as major municipal construction of the area.
About Lingang Logistics Park (LLP)
Lingang Logistics Park (LLP) is an integral part of the Lingang Industrial Area of Lingang New City Shanghai. Covering a planning area of 21.5 km�, LLP comprises three sections including the Yangshan Free Trade Port Area (bonded landward area), non-bonded International Logistics Park and non-bonded Warehousing & Transshipment Area. With a convenient transport system of sea port, air port, railway terminal, express way and inland rivers, as well as a convergence of favorable policies granted to Yangshan Free Port, LLP is well positioned to become the hub for modern logistics industry in northeast Asia, and for the rapid development of high value-added modern service industry such as third party logistics, international bonded processing, international trade and finance, as well as port support logistics service.
After just more than three years of development, LLP has gained recognition from an increasing number of internationally renowned shipping groups and logistics companies, both in China and from overseas, for its high starting point planning, high standards and quality. Key industry players with operations in the park include Prologis, Maersk Logistics, Sterigenics International, Mapletree Logistics Trust, Cosco Group, China Shipping Group, China Storage Group, ZCGF, Wangxiang Group, Orient International Logistics, DHL, UPS, NYK, K-Line, Nice Talent Logistics, YCH Logistics, among others.
The construction, investment promotion and development of LLP are managed by Shanghai Lingang Logistics Development Co., Ltd, a state-owned company founded by Shanghai Lingang Economic Development (Group) Co., Ltd.
About Y3 Technologies
Y3 Technologies is a leading supply chain management application software and technology provider based in Singapore with presence throughout the Asia Pacific. The company delivers a comprehensive suite of supply chain products and consulting services to help enterprises further leverage and drive the external efficiency of their customers and suppliers. With over 25 years of experience helping MNCs consolidate and streamlinine their supply chains and networks, Y3 Technologies has harnessed its know-how into 4 end-to-end SCM award winning software applications, Intributor�, Intrabutor�, Retrogistics� and Virtual Hub�. Implemented together or individually, these are scaleable end-to-end solutions, which manage the manufacturing materials flow, finished goods distribution flow and customer after-market services of the supply chain respectively.
Y3 Technologies� customers include Asia Pacific Breweries, Aerolog Express, Baxter Healthcare, Friesland Foods, Health Sciences Authority (Singapore), Mt. Alvernia Hospital, Motorola, National Healthcare Group, Schering-Plough, Singapore Infocomm Development Authority, Toshiba Asia Pacific, Unilever, Vanguard Logistics and YCH Group. Please visit us at www.y3technologies.com for more information.
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YCH Corporate Communications
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