Recession eating away at Thailand Post profits
Thailand Post has adjusted its profit target down from 1.6bn baht to 1bn as local businesses increasingly feel the impact of the global economic crisis.
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Thailand Post has adjusted its profit target down from 1.6bn baht to 1bn as local businesses increasingly feel the impact of the global economic crisis.
Read MoreThailand Post plans to form alliances with postal authorities in a number of countries in an effort to broaden its focus from mail and parcels to include more international services.
Read MoreThailand Post has taken on a new mission of becoming a profitable state agency.
Read MoreThe seizure of Bangkok’s two airports has stranded more than 100,000 pieces of inbound and outbound mail and parcels.
Read MoreThailand Post will soon be more than just a post office. It will be offering a range of one-stop services for business and individual customers, The Nation reports.
Woodtipong Moleechad, chief operations officer for the company, said the agency would utilise new information technology to upgrade its “back-end” infrastructure in ways that will improve existing services and provide new ones.
It will also invest aboutd Bt500 million to implement “enterprise resource planning” to increase productivity.
“Customers in the near future will be able to pay for almost any business transaction at the post office, which has 1,178 branches nationwide,” said Woodtipong.
The firm is negotiating with banks to offer business transactions at post office counters, where customers will also be able to deposit and withdraw money. Kiosks will be installed to provide existing and new services.
“The new services will make life comfortable for customers. They will no longer need to go to a bank. They will just go to the post office branch near their home. They can do any transaction without transport,” said Woodtipong.
The firm will provide a “warehouse management system” as a new service for large organisations, using RFID (radio frequency identification) technology.
He said the new system would help staff reduce the time customers’ products are in storage before being sent to the destination, as the RFID readers will enhance efficiency.
The RFID tag will record information such as who owns the products, the date, time and destinations and how many product items there are.
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