On March 10, POSCO received the Supplier of the Year Award by General Motors (GM). This is the second consecutive year that POSCO has won the award, which acknowledges the company as a top global supplier of automotive materials.
Last year, POSCO strengthened its competitive edge by stably supplying high-quality materials to GM’s global plants throughout South Korea, Mexico and India. POSCO has also focused on maximizing synergy for both companies by enhancing the executive ability for solutions marketing. In particular, the technical council jointly operated by POSCO and GM is constantly creating new business opportunities as a venue for joint development of steel materials and technologies to be applied to new cars.
POSCO’s global marketing infrastructure and the TSC (Technical Service Center)* are considered to be the company’s strengths that differentiate it from its competitors. POSCO has provided customized solutions for each of GM’s global plants and reinforced cooperation based on these strengths, putting itself in a position to be qualified as GM’s Supplier of the Year for two consecutive years.
POSCO actively supported GM’s strategies to increase the purchasing of local materials by completing quality certification and initiating supply of side plate materials manufactured by POSCO Mexico for GM’s Mexico-based plant. In addition, it has supplied low unit weight materials from the headquarters for GM’s plant in India, providing optimized solutions for the needs of each global GM plant while constantly contributing to stabilized production and increased efficiency of clients.
This year, POSCO will continue to enhance its global marketing competitiveness by expanding the scope of convergence solution marketing based on world premium products and further strengthening its partnership with GM.
The GM Supplier of the Year Award, established in 1992, is given to suppliers that go above and beyond GM’s requirements based on quality, service, technology and price. Criteria are evaluated by a group of executives in the fields of procurement, engineering, quality, manufacturing and logistics. This year, 110 companies were selected as recipients of the award.
* POSCO TSC (Technical Service Center) is an organization providing an integrated solution of EVI (Early Vendor Involvement) and technical services for clients using POSCO’s steel materials. It is operated in 23 locations worldwide including South Korea, China, the Americas, Europe and Southeast Asia with an aim to provide customized care and complete local solutions for global clients.