MRO, Ministry of Foreign Affairs Participate in 'APEC SME Supply Chain Forum'

AI-based supply chain management software company Emro participated in the 'APAC SME Supply Chain Forum' held by the Ministry of Foreign Affairs on the 13th, sharing strategies and case studies on responding to supply chain crises using digital technology.

The 'APAC SME Supply Chain Forum' is an event organized for various public and private stakeholders, including government officials from APEC member countries, SMEs, and digital-related academic experts, to diagnose the supply chain crises faced by SMEs in the Asia-Pacific region and discuss solutions and cooperation methods through digital technology. Emro attended the forum upon invitation from the Ministry of Foreign Affairs, where Executive Director Cheon Gil-woong from the Sales Headquarters delivered a presentation titled "Responding to and Improving SME Supply Chain Crises through Digital Technology."

In his presentation, Executive Director Cheon pointed out that despite the increasing global supply chain uncertainties, many SMEs remain inadequately prepared. He emphasized the necessity of ▲improving delivery systems reflecting raw material price fluctuations ▲introducing predictive systems for raw material price and supply risks ▲implementing inventory management systems based on demand forecasting.

He also introduced various AI software from Emro that predict price trends of key materials and future product demand, a cloud-based supply chain management service combined with customized financial services in a supply chain finance platform, and a delivery payment linkage solution, the first of its kind in the industry, launched by Emro in preparation for the subcontracting law amendment effective from October. These solutions exemplify how companies proactively respond to supply chain crises.

An Emro representative stated, "We are honored to share the references and diverse insights accumulated in the purchasing supply chain management field with APEC member countries. As a leading company in the supply chain management software market, we will continue to actively utilize digital new technologies such as AI and cloud to support companies in effectively responding to the supply chain crises they face."

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