POSCO Launches a Customer-Oriented, New Management System Pospia

-An aggregate of IT technology creating a giga bite-notch network and security

POSCO launched Pospia, a customer-oriented new management system. Pospia is a compound word of POSCO and Utopia which means paradise. In other words, it is a name that points to a customer-oriented new management system constructed with a PI(process innovation). According to POSCO, Pospia adopted an extra-large server, called super-dom, and the newest ERP version(Oracle 11i) developed by Oracle. It has a value to be an aggregate of IT technology by introducing an e-business system for the first time in the country that realized perfectly a giga bite-notch network and security.
Pospia's data processing ability surpasses the largest 500 times than the mean value of another fabrication industry in addition to home appliances and automobiles. With the operation of Pospia, its sales plan was shortened from 60 days to 15 days when compared with the past. Together, the time required for orders, new product marketing time, and the days required for monthly settlements is shortened from 30 days to 14 days, from 4 years to 1.5 years, and from 6 days to 1 day respectively. "By this, POSCO's management efficiency and promptitude were improved astonishingly", said an official of PI(process innovation) team at POSCO.
In a ceremony to commemorate Pospia's operation and to greet POSCO privatization after one year, chairman & CEO Yoo Sang-boo of POSCO said that the company will unfold 6 Sigma movement for the sake of business quality elevation by launching PI's second stage from January, next year. He stressed POSCO has a base speed of management by constructing an ERP optimal total system, adding that the company has changed all business processes from producer convenience to customer-oriented ones.
Through a report on the proceedings, president Lee Ku-taek of POSCO pointed out that POSCO has transformed into a global enterprise in which its global possession structure is composed of foreigners reaching 60.84%, domestic investors at 26.35%, and its own company share of 12.81% is the present state of the stockholders. By using the privatization first anniversary as a momentum, POSCO will do its best to grow as a global superior enterprise which receives confidence and love of all persons concerned, Lee added.
In a word, POSCO has an ambition willing to become 'a company that wishes to invest by realizing high investment value for shareholders, a company that desires to have dealings with it by supporting business' success for its customers, a company that wishes to work through self realization and high compensation for its employees, and a boastful company that contributes to community development for a regional society'.
On one hand, POSCO held a lecture meeting, with a title 'Digital management's mega trend', on September 28th at the COEX convention center to congratulate its Pospia operation.
Scott Hartz, CEO of PWC Consulting, lectured that traditional value creation has not gone away, but it is important to understand the new value drivers of networked businesses: Leverage, speed, Flexibility, Process Transformation, Changing Leadership, and Collaboration. Sanjiv Sidhu, Chairman of i2, said through his lecture, titled 'The Age of the Knowledge Champions' that increased the rate of change in business is forcing corporations to process information faster, adding that ability to convert information into actionable knowledge will be a key to future competitiveness. In addition, in the evening POSCO hosted a gala evening dinner to celebrate the Pospia operation and to express their thanks to customers and its collaboration companies which helped to construct its system, at the Hotel Intercontinental.
At this gala dinner, chairman Yoo said that the right path of management, transparent management, & responsible management are a conviction that POSCO wants to create. Having a new mission and vision, POSCO will achieve continuous growth by coping with the new competition environment such as globalization and digitalization actively, he asserted.
POSCO's mission is to contribute to customers and human society by supplying products and services that become a base of society. In addition, as a global superior enterprise which grows continuously based on steel business capacity, POSCO has its vision to become 'a company that has the highest steel business value in the world, A company that secured the 21st century-type new growth engine, and a company that brings the highest manpower with continuos innovation'.
On the other hand, the company is realizing responsible management that heightens shareholder value by the introduction of advanced control structure. Thereupon, POSCO's GPM(Global Professional Management) system is attracting related business circles' interest in a respect that this is a global standard control structure in which restraint and balance between independent board of directors representing shareholder value and the management of a company harmonize well with each other. NW