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Instruct suppliers in the “Smart Factory” 2018-08-23

Coway provided the CEOs of 30 suppliers with an education on the “Smart Factory” at the Coway Win-Win Cooperation Center located in Bucheon-si on August 22.

The education was prepared to help suppliers better understand smart factory operation and proactively respond to the 4th Industrial Revolution.

Major contents included those that can be a great help to suppliers including the awareness on changes in the manufacturing business in the era of the 4th Industrial Revolution and best practices in smart factory operation. On top of that, participants visited the plant of Shinsung E&G which was selected as an excellent smart factory by the government in 2017 for benchmarking and shared Coway’s shared growth policies.

Coway has been conducting a variety of shared growth activities to help suppliers grow into hidden champions with competitive edge. This effort resulted in Coway acquiring the “Best Grade” in the shared growth index evaluation guided by the Korea Commission for Corporate Partnership in 2017. It was fifth achievement in a row.

Kyo-won Lee, the head of SCM (Supply Chain Management), said, “This education will contribute to elevating the response capability of our suppliers to the 4th Industrial Revolution. Under the vision of “CO-WAY for Shared Growth with Suppliers,” we will promote shared growth in a practical manner.”
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