As Singapore strives to be a smart nation, manufacturing processes are also getting more intelligent. Local PE companies are starting to go digital by setting up smart factories where automation and artificial intelligence are redefining work processes. Here are some initiatives that you can explore to grow your business.
PE companies can test and co-develop new digital solutions through a model digital factory. You can experiment with new operations at model digital factories located at A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) and Advanced Remanufacturing & Technology Centre (ARTC) before rolling out the changes in your factories.
Promising PE companies that are looking to digitalise your operations can turn to the Economic Development Board (EDB), which helps companies take a systematic approach to improve overall productivity. For instance, Meiban, a local PE company, will co-develop solutions in robotics, automation and smart-factory software with technology solution partners in their factories.
You can embark on your digitalisation journey by tapping our capability upgrading programmes and connections to global business partners.
The Precision Engineering Centre of Innovation (PE COI) located at the Singapore Institute of Manufacturing Technology (SIMTech) covers areas such as technical manpower, equipment and facilities. SMEs looking to upgrade your manufacturing capabilities and accelerate the development of new products, equipment and processes may use the manufacturing IT resources at the COI.
Precision engineering companies provide strong industry expertise and supply quality products that are needed for a wide range of manufacturing businesses, including the aerospace and medical technology industries. With the continual emergence of new innovations and technologies, you can enhance your business’ value proposition and stay competitive by continuously building new capabilities to support these growing sectors.
One way you can do so is by adopting specialised standards such as AS 9100 and AS 9120 Quality Management Systems which can help to enhance your business capabilities and capture new opportunities in the aerospace industry.
You can also read about how Fong's Engineering emerged as a market leader in the medical technology manufacturing sector through adoption of international standards here.
Start Digital is an initiative, in collaboration with IMDA, under the SMEs Go Digital programme to help SMEs adopt digital solutions right from the start.
New companies often prioritise business development and profit generation. As a result, operations management may take a backseat. By digitalising early, you can better focus and capture opportunities for your business without being constrained by day-to-day operations.
With our Start Digital Pack, SMEs can get access to modular digital solutions that will help accelerate their start up process and business growth. For more information, visit www.imda.gov.sg/StartDigital.