Home > Stakeholders > Suppliers > Win-Win and Cooperative Program for SMEs
HMC operates various support programs in order to promote a winwin system with suppliers. HMC has especially strengthened the support for small to medium-sized suppliers suffering from difficult economic environments such as record-high prices for oil and raw materials and the strengthening of the Korean won against the US dollar by providing essential support services through COD payments since May 2006. This is just one of the ways that HMC has aggressively applied initiatives to promote the mutual growth between the company and its suppliers.
Additionally, HMC has set plans to increase support funds destined for suppliers from 13 trillion Korean won to 15 trillion Korean won by 2010 in order to improve their technological capabilities. As of 2006 alone, HMC has already set aside 2.5 trillion Korean won in this initiative.
Along with these support funds, HMC continues to strengthen various technology support programs such as guest engineering, advanced technology cooperative benchmarking, the transfer of new technology
and patent related technologies. In addition, HMC conducts job training consortiums together with suppliers to provide enhanced training for supplier employees who lack the opportunity to receive proper training.
Moreover, HMC also offers training in technology, quality, and management on a regular basis and has increased the total number of trainees from 13,000 participants in 2005 to 20,000 in 2006.
Outside of these activities, HMC and its suppliers have initiated a winwin system where benefits in cost reduction efforts are transparently shared together. As well, a Win-Win and Cooperation Promotion Team
has been created to further develop and manage the cooperative system and programs respectively.
Nurturing SMEs with global competitiveness
First tier suppliers and the expansion to second and third tier suppliers
Win-Win and Cooperation Committee, and Win-Win and Cooperation Promotion Team within HMC Procurement Division, The Korea Automotive Parts Industry
5-Star system, guest engineering system, advanced technology cooperative benchmarking, transfer of new technology and patent related technologies, foundation of Korea Automotive Parts Industry
COD payments, a benefit sharing system, a job training consortium, information support, joint purchase
Overseas joint order receiving activities, joint advancement in the global market
SQ mark certification, quality and technology training service, job training consortium
