Bangkok--24 Feb--Online Asset
TEAM grasp the opportunity during economic slow down to continue strengthening its manufacturing, lately certify ISO13485 for medical equipment industry. “Rich Fitzgerald” said, it is an important step for pushing manufacturing base of “Team Precision” to the target of world-class standard, highly differentiate TEAM among competitors, cope with an increasing competition. After bringing VMI to increase customer’s convenience in material management and transportation, TEAM believe that if they can fully increase an efficiency, they will be encouraged to be the accepted world class manufacturer.
Mr. Rich Fitzgerald, Chief Executive Officer of Team Precision Public Company Limited or TEAM, said that during the world economic slow down, it’s an opportunity for TEAM to improve and increase efficiency in manufacturing base, including transportation procedure in order to push “Team Precision” to reach the target of world-class standard for manufacturing base. Lately, The company was accepted again by obtaining ISO 13485: 2003 for medical equipment industry on 23rd, December 2008. This standard is the standard of strictly quality management system accepted internationally. In the past, Team Precision has been seriously carried on it in order to pass this certification, because it ’s in a part of world-class quality standard objective and same as customer’s need for medical equipment industry due to the trust and high technology of the equipment.
“The company determines to increase efficiency and develop procedure related to the product for customers worldwide continuously. Because besides the world-class service offered to customers, we also can produce more complicated equipment product and medical equipment. By obtaining ISO 13485 this time, can pave an important way for us to reach the target of world-class standard for manufacturing base consistently and I’m very proud of the team’s attempt and dedication.”
The CEO of Team also said that by obtaining quality standard certifications for company’s manufacturing section, it can highly differentiate TEAM from other manufacturers. Because qualified manufacturing makes customer trust that the goods can meet standard and safety which is accepted worldwide. Team Precision Public Company Limited determines to produce quality goods that can meet customer’s need. At the same time, also place an important on delivering goods promptly in order to satisfy customer’s highest need. We can see that the company has cooperated with many world-leading electronic manufacturers before and bring Vendor Managed Inventory-VMI to connect the management and supply chain, in order to increase efficiency and generate the most beneficial thing to both company and business alliances. Because the obvious benefit of implementing VMI is to reduce inventory that will directly improve cash turnover management. The system can help to reduce risk and expense in taking care and storing inventory, increase efficiency in meeting the customer’s demand which can be changed rapidly, and deliver goods promptly.
He also said that in the past Team Precision Public Company Limited has obtained an international standard for quality management ISO9001:2000 and ISO/TS16949:2002 The quality management standard for automotive industry manufacturer and lately ISO13485:2003. Besides standards said before, company plan to pass certifications for international organization in other branches by holding on quality improvement for retaining excellent quality standard and safety of product as well as building more confidence to the customers. It should be continuously developed in order to be world-class organization in the future.
About Team Precision Public Company Limited or TEAM
Team Precision Public Company Limited is in the business of Electronics Manufacturing Services who provides design, assembly and test of electronics assembly and electronics products according to customer requirement. The manufactured products are in the area of industrial control, consumer and specialty products which are mainly for export to more than 10 countries. The company policy is to expand its electronics manufacturing services businesses based on solid growth foundation by adding more value services and provide full range of services to the target customers which will lead to increase profitability and good return in investment for the shareholders. The company also gives emphasis on long term relationship with the customers and its supply chain.
For more information, please contact: Wasara Chotithammarat , Investor Relations , Tel 02-577-2350 ext 106