Cosmax Holds 'Win-Win Growth Meeting' for Outstanding Partners

Improvement of Purchasing System and Logistics Efficiency
Seeking to Enhance Customer Satisfaction
Discussion on Emphasizing Sustainable Management and Strengthening Win-Win Growth Measures

Global cosmetics research, development, and manufacturing (ODM) company COSMAX announced on the 26th that it held the '2023 Win-Win Growth Meeting' for its outstanding partner companies.

At the 2023 Cosmax Win-Win Growth Meeting, Sim Sang-bae, Vice Chairman of Cosmax (sixth from the left), and representatives of excellent partner companies are posing for a commemorative photo.
[Photo by Cosmax]

The COSMAX Win-Win Growth Meeting is an occasion for COSMAX and its partners to strengthen cooperation and devise win-win growth strategies through mutual information sharing. Outstanding partners who have contributed to quality improvement throughout the year in all areas of purchasing, logistics, and quality control of materials are invited.

At this meeting, discussions were held on improving the purchasing system that COSMAX and its partners have been using since 2015. The focus was on enhancing logistics efficiency between COSMAX and its partners and improving the accuracy of delivery dates to clients.

COSMAX plans to pilot the improved system until the second half of this year and expand its application to all partners from 2024, reflecting their feedback.

The meeting also included discussions on sustainable management. Recently, major global clients have been using the level of sustainable management as an evaluation criterion for partner companies to pursue social value. COSMAX informed its partners about global sustainable management evaluation systems such as 'EcoVadis' and the 'Carbon Disclosure Project (CDP)' and shared know-how.

Shim Sang-bae, Vice Chairman of COSMAX, emphasized, "It was because COSMAX and many partners shared the mindset of growing together that we were able to overcome the COVID-19 pandemic safely. Although the cosmetics market situation and international affairs are rapidly changing after COVID-19, we believe we can overcome these challenges together through smooth communication."

This content was produced with the assistance of AI translation services.