Kbank and SCG Lo­gis­tics launch K-value Chain So­lu­tions

The Pak Banker - - Front Page -


Ac­cord­ing to Pres­i­dent of SCG Distri­bu­tion Mr. Ka­john­det Sang­suban, lo­gis­tics have al­ways been a ma­jor com­po­nent of the cost of prod­ucts, and com­pet­i­tive­ness can be im­proved through more ef­fi­cient lo­gis­tics man­age­ment, es­pe­cially given ever-ris­ing fuel costs.

SCG sees lo­gis­tics as a high growth po­ten­tial busi­ness, and has set a tar­get of 20 bil­lion Baht in rev­enues by 2015. Smaller lo­gis­tics com­pa­nies in Thai­land are more and more in­te­grat­ing their ser­vices, co­op­er­at­ing for devel­op­ment, and ex­chang­ing in­for­ma­tion in or­der to achieve busi­ness ob­jec­tives.

Ac­cord­ing to Man­ag­ing Di­rec­tor of SCG Lo­gis­tics Man­age­ment Co., Ltd, SCG Distri­bu­tion Mr. Nithi Pattar­chok , lo­gis­tic costs in Thai­land re­main high rel­a­tively to more devel­oped coun­tries and seek­ing greater ef­fi­ciency will cut costs for Thai busi­nesses, in­creas­ing com­pet­i­tive­ness in­ter­na­tion­ally. SCG Lo­gis­tics is thus work­ing with KBank's K-Value Chain So­lu­tions in seek­ing to en­hance lo­gis­tics ser­vices over­all, both do­mes­ti­cally and in­ter­na­tion­ally, for the na­tional net­work of lo­gis­tic busi­nesses. With the ar­rival of AEC in 2015, Thai­land will be­come a ge­o­graphic cen­ter for lo­gis­tics among ASEAN, China and In­dia.

In prepa­ra­tion for op­por­tu­ni­ties and chal­lenges, the fol­low­ing strate­gies and ob­jec­tives have been set to en­sure ser­vice ex­pan­sion and growth of the busi­ness.

Trans­port ve­hi­cles suf­fi­cient for cus­tomer needs will be avail­able through KBank's leas­ing ser­vice, in­creas­ing the fleet by 1,000 ve­hi­cles. A pro­cure­ment cen­ter for pur­chase of trans­port and lo­gis­tics equip­ment will be set up, and multi-pur­pose trans­port ve­hi­cles devel­oped for re­ceiv­ing goods from other coun­tries. Per­son­nel devel­op­ment for staff, lo­gis­tics ad­min­is­tra­tors and drivers, with train­ing in lo­gis­tics for the AEC. Fi­nan­cial knowl­edge will also be of­fered sup­port­ing sus­tain­able growth.

Ac­cord­ing to Mr. Krisada, KBank is the first bank in Thai­land to of­fer a ser­vice like K-Value Chain So­lu­tions aim­ing to fully sat­isfy the needs of large cor­po­ra­tions with long and com­pli­cated value chains.

Such cor­po­ra­tions rep­re­sent com­bined busi­ness value of more than 13 tril­lion Baht and par­tic­i­pate in seven in­dus­tries: pe­tro­leum and petro­chem­i­cal, re­tail- whole­sale, con­struc­tion ma­te­ri­als, trans­porta­tion, food and bev­er­age, au­to­mo­tive, and hos­pi­tals and med­i­cal equip­ment. KBank is a ma­jor provider through­out the value chain and is tar­get­ing an in­creased mar­ket share of 30%, up from the cur­rent 20%, by 2016.

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