SINGAPORE--The government has hatched a plan to help high-tech manufacturers save millions of dollars a year by enhancing their procurement process.
Conceptualized by the Infocomm Development Authority of Singapore (IDA), this initiative will result in the establishment of 10 integrated electronic supply chains to automate the exchange of information between manufacturers and suppliers.
The 10 supply chains identified involve electronic manufacturing service providers and other multinational companies with operations in Singapore. These include Hewlett-Packard (HP), storage equipment makers Maxtor and Seagate, as well as phone giant Motorola.
When fully implemented, the industry is expected to save up to S$700 million (US$415 million) a year from the resulting process efficiencies and boost revenues by S$2 billion (US$1.2 billion), IDA said.
This Collaborative High-Tech Manufacturing Plan was unveiled today by Dr Lee Boon Yang, the minister for information, communication and the arts, at the opening of E-business Connections 2004 conference here.
“To remain relevant in this new high-tech manufacturing landscape, Singapore has to position itself as a location for high-end manufacturing activities, as well as a nerve center for coordinating regional supply chains that offer the whole spectrum of manufacturing services,” said Lee.
IDA is encouraging manufacturers to link their supply chains using open communications standards such as RosettaNet1, as well as emerging technologies such as Web services and product lifecycle management systems.
The IT regulator also partnered RosettaNet, a consortium of technology companies developing protocols for exchanging data over the Web, to launch a new industry body on the island-state. Called the RosettaNet Global Logistics Council, the group has received backing from several manufacturers and logistics players including Cisco, HP, IBM, Intel, DHL, Exel and Portnet Singapore.
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