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DIRECTORY OF SINGAPORE PROCESS & CHEMICALS INDUSTRIES 2021/2022
PCM IDP
FORMALLY LAUNCHED ON
26 AUGUST 2021
On 26 August 2021, the Process Construction and Maintenance (PCM) IDP for the Process sector was launched by Ms Low Yen Ling, Minister of State for Trade & Industry and Ministry of Culture, Community & Youth (MCCY) at a virtual engagement session attended by more than 150 representatives from some 90 companies.
Developed with the support from Enterprise Singapore (ESG) and IMDA, the IDP provides members with a guide to assess their digital readiness and identify suitable digital solutions to accelerate their growth.
In his welcome speech, ASPRI President Charles Quek said that as the pandemic continues to challenge the process sector, members will need to adapt themselves and “be digitally enabled in our internal and work processes to stay relevant and capture future businesses”. He urged them to go through the PCM IDP and “get started on your digitalisation journey today!”
In her address to the members, Minister Low said, “Digital transformation is the key - not just to surviving, but to thriving in post pandemic world.” She encouraged members to
take the first step in digitalisation, “if you have not already started on your journey”.
“To stay relevant and competitive amid a disruptive environment, companies need to be adept at harnessing technology for greater efficiency, productivity and optimal resources. That way, they can better position themselves for recovery and seize new opportunities for growth,” she added.
She cited three benefits of the IDP initiative:
First, the implementation of automation and streamlining of workflows, through the adoption of digital tools, can increase efficiency and productivity, and reduce costs.
Second, by leveraging on digital tools companies can enhance their product and service offerings. This is especially important in the process sector where safety at plant sites is of paramount importance.
Third, digitalisation creates the opportunity for companies to redesign jobs and make them more compelling and more attractive to younger Singaporeans.
The Minister also gave examples of two ASPRI member companies that have embarked on their digitalisation journey. She shared that Shing Leck Engineering Service Pte Ltd had in
2019 implemented an Inventory Management System which enabled them to digitise their asset tracking operations.
“In the past, they have to track it manually which involves a lot of time and manpower. By implementing this Inventory Management System (IMS), it gives them full visibility of their assets deployed across various locations and helped them better plan the procurement of replacements for key assets. By reducing time spent on manual asset tracking, Shing Leck’s employees were able to focus on delivering higher value-added services to their clients instead,” Ms Low said.
In addition to the IMS, Shing Leck had also adopted an Enterprise Resource Planning (ERP) solution to integrate all business functions spanning accounting, procurement, project management, risk management and compliance, as well as supply chain operations.
She said that with these initiatives, Shing Leck “is set to increase its current revenue and operating margins by over 30%. This is in addition to considerable manpower time savings gained from reduced paperwork”.
The second company highlighted by Minister Low was CYC International Pte. Ltd., which pioneered the use of robotic systems to automate tank cleaning and painting works.
“These robotic systems enhance worksite safety by eliminating the use of elevated platforms such as scaffolds. This has reduced their manpower needs for such works by about 60%, and project duration by around 20%,” she said.
Besides the robotic solution, CYC had also adopted a Human Resource (HR) and Payroll System to digitalise and track employee attendance. It has enabled CYC to automate payroll calculations with no errors, and improve the productivity of its HR department and its employees by up to 80%.
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