LED Initiative A Huge Success
The LED Scheme in Singapore has helped over 5,200 enterprises from all sectors harness technology and lean manpower solutions to transform their business operations and processes and improve productivity.
Launched in 2015, the LED initiatives range from optimisation of technology and automation to adoption of progressive human resource practices and more.
This initiative provides companies with readily-available, customised solutions and supporting them in capability development so that workers can also benefit from the resulting higher-value jobs.
These efforts can take place at either the individual-enterprise or enterprise-cluster levels.
More than 40 government pre-approved ready-to-go (RTG) solutions designed for various industries and business functions were adopted by nearly 1,000 companies supported by the LED Scheme this year (2017).
These RTG solutions are featured on Tech Depot, a centralised platform launched in April 2017 under the SME Portal.
Without having to expressly invest in hardware and resources, cluster projects offer benefits through economies of scale, helping companies access technology and solutions
Through cluster solutions, companies are also able to pilot smaller-scale projects which they can then translate into a larger scale, long-term and holistic transformations.
To help develop local workforce capabilities, enterprises are also encouraged to tap on the Capability Transfer Programme (CTP) which brings in industry experts to train local specialised users.
Enterprises and industries also need to enhance their local workforce capability to compliment and accelerate transformation in a manpower-lean landscape.
The CTP which was initiated in October 2017, provides support to companies in facilitating the transfer of capabilities to help local workers acquire skills and knowledge lacking or short in supply in Singapore.
At this year’s symposium, 14 companies shared their lean transformation journey after embarking on LED projects in 2016.
The event was organised by the LED Taskforce and led by SPRING Singapore, Workforce Singapore, the National Trades Union Congress and tripartite partners, in collaboration with the Singapore National Employers Federation.
Among others, it featured the sharing of success stories and in-depth panel discussions by companies and solution providers.
The symposium also provided participating companies with useful and actionable ideas and included a gallery showcase of business transformation projects where industry practitioners shared their transformation initiatives and insights.
The 2017 LED Symposium was graced by Manpower Minister Lim Swee Say and Second Minister for Manpower Josephine Teo.
More than a thousand individuals from a range of sectors including food services, construction, food manufacturing, ICT and media, professional services, electronics, hotels, logistics, and precision engineering attended.