SBF encourages companies to upgrade, innovate and collaborate for greater productivity
- Enhanced Holistic Industry Productivity Scorecard (HIPS) 2.0 features new functionalities and improvements
- Singapore Productivity Conference and Exhibition (SPCE) to be rebranded to Future Enterprises Conference from next year
1 November 2016 [Singapore] - Organised by the Singapore Business Federation (SBF), the Singapore Productivity Conference and Exhibition (SPCE) will be held over two days from 1 – 2 November 2016. Held at the Suntec Singapore Convention and Exhibition Centre, the Conference is expected to bring together 700 participants. Minister for Manpower Mr Lim Swee Say will grace the event on the first day as Guest-of-Honour, and Senior Minister of State, Ministry of Trade and Industry, Ms Sim Ann will attend the second day of the Conference as a Special Guest.
SPCE will explore how businesses can not only optimise their resources through job redesign and process improvement, as well as achieve higher productivity by increasing revenue and market share through innovation. In line with the national drive to transform the economy, this year’s conference will focus on Technology and Automation, Partnership and Collaboration, People Development and Skills Upgrading, Innovation Management of Culture, Business Models, Processes and Products and Services.
With a line-up of more than 20 speakers comprising business and thought leaders, the Conference will examine the challenges faced by companies in their productivity journey, and the strategies they need to adopt in order to transform into lean and profitable enterprises. The exhibition will showcase enterprise productivity solutions from 25 exhibitors.
Mr Lawrence Leow, Honourary Treasurer of SBF and Chairman of the SBF-led SME Committee said “With the global economic slowdown, companies are faced with increasing challenges. Coupled with foreign manpower restrictions and technological disruptions, it is even more critical for businesses to look at innovative ways to remain productive and stay relevant. Businesses should adopt a more holistic view of productivity, encompassing different factors such as leadership, employee attitudes, skills, innovation, technology, systems and processes, as well as machinery and equipment.”
Holistic Industry Productivity Scorecard (HIPS) 2.0
Since the launch of HIPS in November 2015 with an initial benchmarking database of 7,000 companies, HIPS now has more than 9,700 companies.
HIPS is a tool for companies to measure their productivity performance holistically and benchmark against industry peers. To enrich the user experience, SBF has introduced more user-friendly features and tools in HIPS 2.0. These enhancements include an anonymous calculator, multi-year benchmarking, scenario planning tool, charting tool and account creation (please refer to the Annex for more details on HIPS 2.0)
“The new HIPS is now more user friendly with improved user interface. I specifically like that the scorecard is now more informative, as it now incorporates the objectives of measuring each indicator and provides interpretation of the achieved results. This will allow users to gain better insights on their productivity performance and areas that the company should work on.” said Ms Janet Leaw, Assistant General Manager, Scan-Bilt Pte Ltd.
Mr Sam Chee Wah, General Manager, Feinmetall, echoed similar feedback. He said: “The new HIPS provides a more user-friendly experience with neat and structured format. The interpretation of productivity results is now made available that allows us to make clear and relevant comparison against industry benchmark.”
Mr Danny Chua, Director, CYC International, said: “With HIPS 2.0, I am now able to know my company’s productivity against the industry over the past 3 years. Not only that, I can use the charting tool as well as the scenario planning tool to analyse and set up a plan to improve my productivity further.”
“The new HIPS provides a quick and concise assessment of company‘s productivity level and the graphical results help to show the relative performance gaps. The system also allows comparison against industry benchmark which enables the company to prioritise its improvement effort. This is truly a remarkable tool that helps the company to do self-assessment as and when it needs.” – Mr Matthew Lee, Executive Director, WEC Engineers and Constructors Pte Ltd.
Rebranding of SPCE to the “Future Enterprises Conference"
To emphasise the importance of holistic productivity in achieving sustained growth, SPCE will be rebranded as the Future Enterprises Conference (FEC) from next year onwards.
Explaining the rationale for the rebranded conference title, Mr Ho Meng Kit, CEO of SBF, explained: “The rebranding of SPCE is timely to complement the work of the Committee on the Future Economy in developing forward-looking economic strategies. FEC will specifically look at future-proofing businesses for sustained growth, with business leaders and industry practitioners sharing their real-world experiences and perspectives. SBF recognises that the challenges faced by businesses during this economic slowdown go beyond making productivity improvements and are further exacerbated by technological disruptions to traditional business models. Through this new conference platform, we hope to help businesses achieve higher growth and be globally competitive.”
The theme for FEC will be tailored to the business landscape and prevailing economic conditions, while the focus will be expanded to include innovation, partnership and collaboration, business resilience, emerging business models and internationalisation.
Annex - Holistic Industry Productivity Scorecard (HIPS) 2.0