Mr Khoong Hock Yun, Assistant Chief Executive, (Industry) Infocomm Development Authority of Singapore Address - Welcome Dinner for E-Business Connections
Mr Khoong Hock Yun, Assistant Chief Executive, (Industry)
Infocomm Development Authority of Singapore
Address - Welcome Dinner for E-Business Connections
Singapore, 30 March 2004
Mr Bill White, Chairman of RosettaNet Executive Board,
Ms Jennifer Hamilton, President & Chief Executive Officer of RosettaNet,
Mr Patrick Gannon, President & Chief Executive of OASIS,
Friends from overseas,
Ladies and Gentlemen,
I'm glad that you can join us at this dinner that IDA is hosting to welcome all our VIPs, guests and delegates to the E-Business Connections.
Today is the first day of the conference programme. I hope that those among you who have attended today's conference have found it fruitful and are excited to hear more. Tomorrow, the conference will continue with more insights on how RosettaNet has helped companies scale greater heights and where it will take them further with new developments in logistics and electronic product code.
Growing 10 End-to-End Supply Chains
For the benefit of those who were not able to join us at the Opening Ceremony this morning, I would like to briefly summarise the two announcements made by the Minister.
First, IDA's Collaborative High-Tech Manufacturing Plan. This plan will harness ICT to give a competitive edge to Singapore's manufacturing and design industry. It aims to help to entrench Singapore's manufacturing base by enabling 10 end-to-end supply chains over the next 5 years. Such supply chains will center on the activities driven by supply chain masters which are usually the MNCs, to build up their supply chain capabilities by supporting the adoption of PLM, RosettaNet and Web Services.
When fully implemented, the Collaborative High-Tech Manufacturing Plan will help save about $700 million from higher efficiency and generate additional manufacturing revenues of about $2 billion through expansion into higher value-added activities. The development of the 10 end-to-end supply chains will also generate an estimated $40 million worth of ICT spending.
IDA to Step Up Promotion of RosettaNet
Next, the formation of the RosettaNet Global Logistics Council, spearheaded by IDA and RosettaNet. The logistics sector cuts across many industries and the council is an important initiative in standardising communications and processes between manufacturers, logistics service providers and various players along the logistics supply chain. Through the RosettaNet Global Logistics Council, Singapore hopes to play a more active role in helping to facilitate the development of new e-business standards in logistics and supply chain management.
As you can tell, RosettaNet e-business standards are strategic to the two new initiatives. RosettaNet is not new to Singapore. We are one of the early enthusiasts in Asia to set up an office in September 2000 and have since been promoting the standards. For the past two years, IDA has also assisted numerous companies in implementing RosettaNet for their supply chains. Some of these companies are among the first in Singapore to implement RosettaNet and tonight, I would like to applaud them for taking the lead in using ICT to achieve better business performance.
They deserve our commendation because beyond pioneering the implementation of the e-business messaging standards for their own internal systems, these companies have gone on to influence their trading partners to adopt the same standards. They have demonstrated their leadership and commendable spirit of wanting to pass on the benefits they enjoyed so that everyone within their supply chain network wins.
Moving forward, IDA will assist more companies to adopt RosettaNet in two ways: scale-wise and scope-wise.
Scale-wise, I want to urge leading companies - those who have the power to influence their supplier base, to bring their suppliers on to RosettaNet. Having a critical mass of companies and their supporting industries adopting the same standards will keep the high-tech sector efficient and vibrant.
Three of our RosettaNet Singapore Pioneers - Seagate, Maxtor and NIE Electronics have already demonstrated how they can take up the leadership in driving the use of common standards with suppliers in their supply chain network to achieve greater integration and efficiency. Four others - AEM Evertech, STATS, AVX/Kyocera and Ryder-Ascent testify to how they have improved their competitiveness with RosettaNet implementation.
Scope-wise, IDA will assist leading companies in developing or piloting new e-business processes with their trading partners. These pilot projects will keep Singapore-based companies at the cutting edge of supply chain technology. The RosettaNet Global Logistics Council is one such key strategy that will develop new PIPs to standardise communications among all players in the logistics supply chain.
With the Collaborative High-Tech Manufacturing Plan and in collaboration with the RosettaNet Global Logistics Council, IDA looks forward to your active participation and adoption of RosettaNet standards.
But tonight, as we speak of the many wonderful opportunities that ICT and RosettaNet can bring us, let us also eat, drink and make merry. And now, let's lift our glasses in a toast to our seven RosettaNet Singapore Pioneers and look forward to a bountiful year ahead for everyone!