YCH is the first Logistics and Supply Chain Management company in the world to receive ISO 28000: 2007 Certification
May 7, 2008 12:00:00 AM
- International Supply Chain Security Management System Standard affirms YCH �s commitment to adopting a total supply chain approach to the supply chain
- YCH customers worldwide will have greater peace of mind with the adoption of stringent security-based processes
Singapore, 7 May 2008 - Leading Singapore-based logistics and supply chain management company YCH Group today received the ISO 28000: 2007 Certification. The first end-to-end Supply Chain Management (SCM) provider in the world to receive the international supply chain security management system standards certification, the ISO 28000: 2007 acknowledges YCH�s adoption of a total supply chain approach to security. The certification is also recognition of its application and implementation of a stringent security management system to assure the overall safety of customers� goods.
�Entrusting a company to manage your supply chain is akin to depositing money in a bank � our customers entrust us with the security management of their goods and it is an imperative that we are accountable to them. Being the first end-to-end SCM provider to be certified ISO 28000: 2007 is a great affirmation of our commitment to our customers in the region and a testament to our leadership position in the Asia Pacific�s logistics industry. This certification will give customers greater peace of mind and reinforce the trust they have in the security management system and measures that we have in place to secure their billions of inventory flowing through our hubs daily,� said Dr. Robert Yap, Chairman and CEO, YCH Group.
Last year, the company handled an annual flow-through of more than US$50 billion worth of goods for its MNC customers in the region along the secured supply chain.
The ISO 28000: 2007 standard, awarded by certifying body Lloyd�s Register Quality Assurance, provides SCM providers with security-based frameworks and processes to assure that the supply chain is secure. This also prevents vulnerabilities and manages risks in the supply chain. ISO 28000: 2007 is a management system specification, which integrates the process-based approach of ISO's management system standards, including the Plan-Do-Check-Act (PDCA) cycle and requirement for continual improvement, as well as the risk management elements of ISO 14001. The ISO 28000: 2007 standard is designed to aid the integration of quality, environmental and supply chain security management system within an organisation.
YCH has an effective security management system that can continually assess its security processes to protect its business interests and ensure compliance to global regulatory requirements. In addition, YCH has also been able to reduce supply chain variability and enhance greater supply chain velocity and visibility. Receiving the ISO 28000: 2007 certification means that YCH�s customers will enjoy a robust security management system and be assured that their supply chain security is taken seriously.
�As part of our security excellence journey at YCH, we are happy to have received this endorsement for our ongoing efforts to enhance supply chain security. This builds on YCH�s foundation of years of security excellence and reinforces the trust that customers have in the security management system that we have implemented at our facilities and in our overall operations,� said Dr. Lye Wei Moon, Vice President of Operations Excellence, YCH Group.
The benefits gleaned from the ISO 28000: 2007 certification will enable better monitoring of freight flow, to combat smuggling and to respond to the threat of piracy and terrorist attacks as well as to create a safe and secure international supply chain regime.
�The ISO 28000: 2007 certification is a systematic approach to security management for global supply chains, and it is an internationally recognized specification. This standard, which supports security risk management, also provides organizations with a foundation for other international security initiatives, including the US-based Customs-Trade Partnership Against Terrorism (C-TPAT) or the �Authorized Economic Operator� programs already adopted by many leading multinationals,� said Mr. John Stansfeld, Director and President of Lloyd�s Register Asia.
The standard takes a pragmatic and business-centric approach to risk management as a critical component of effective management. Invariably, the standard also ensures that key business decisions are based on a process of proactive and effective risk assessment.
�Singapore is well known for its excellence in the logistics sector and has maintained leadership position as a logistics and supply chain management nerve centre for the region. As we continue to build on our capabilities, it is extremely encouraging for YCH, a local company, to strengthen its security management capabilities and to achieve the ISO 28000:2007 Specifications for Security Management Systems for the Supply Chain certification. This shows that local companies are aspiring to supply chain management excellence, regionally and globally,� said Mr. Teo Nam Kuan, Group Director of Quality & Standards for SPRING Singapore.
The ISO 28000: 2007 certification has enabled YCH to scale its security management system to manage all of the company�s specific security needs in a realistic, sustainable and cost-effective manner across its network of facilities across the Asia-Pacific. Last year, YCH was also the first end-to-end supply chain management provider to be accredited with the Secure Trade Partnership (STP) certification by Singapore Customs.
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
For media enquiries, please contact:
YCH Corporate Communications
Ms Tien Yushan / Ms Evelyn Lim at (65) 6417 2773 / 2 or Email: corporate@ych.com
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