Home / Knowledge / News / Information Technology / RFID@NEC to encourage SMEs
RFID@NEC to encourage SMEs
31
Jan '08
In last year's SME Development Survey, our Small and Medium Enterprises cited rising competition, increasing operating cost and manpower shortage as their top three challenges.

To overcome them, the SMEs have identified three strategies for growth, - (i) improve cost efficiency and productivity, (ii) enter new overseas markets, and (iii) develop new products and services.

A key enabler of these strategies is technology innovation. Smart adoption of technology, or Know-how, can help enterprises to improve their business processes to yield real value that will propel their growth.

To help SMEs gain technological & innovation know-how, SPRING launched the $150 million Technology Innovation Programme (TIP) in 2006 to provide SMEs with funding and expertise support to develop new products, processes and services and adopt new technologies in their business operations.

Several Centres of Innovation (COI) have also been set up at our polytechnics and A*STAR research institutes to provide industry clusters with focused technology support.

To-date, we have supported 114 companies that have embarked on technology projects, and another 40 that have engaged technical experts to build up their in-house R&D capabilities.

Promotion of RFID Technology:
To encourage more enterprises to tap on technology, we organize regular networking sessions to showcase new and emerging technologies. One emerging technology is Radio Frequency Identification (RFID).

It has the potential to help companies improve competitiveness, generate greater efficiencies, and enhance process innovation and service delivery. With RFID implementation, enterprises can integrate their entire supply chain, enabling partnerships with other enterprises and their customers.

It opens up new and more efficient methods for managing payment, inventory and security. And its potential will only increase as people realise the benefits of using it, and more companies adopt it successfully.

The government has embarked on a concerted effort to promote adoption of RFID technologies to industry. In 2004, the Infocomm Development Authority, or IDA, launched a S$10 million initiative to boost the development and adoption of RFID.

Last year, A*STAR launched the National RFID Centre which serves as a national focal point for promoting the adoption of RFID.

Industry players such NEC, HP and IBM have also shown their commitment to develop RFID capabilities to enhance the efficiency of their operations.


Must ReadView All

UK GDP growth to stay steady but subdued: CBI

Textiles | On 8th Dec 2017

UK GDP growth to stay steady but subdued: CBI

The gross domestic product (GDP) in the United Kingdom (UK) will grow ...

Amazon launches operations in Australia

Apparel/Garments | On 8th Dec 2017

Amazon launches operations in Australia

US online retail giant Amazon recently unveiled its business in...

Courtesy: G-III Apparel

Apparel/Garments | On 8th Dec 2017

Q3 FY18 G-III Apparel sales up 16% to $1.02 billion

For the third quarter of fiscal 2018, net sales of G-III Apparel...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Urmil Arya

Sushila International, a well established textile organisation established ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search