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Singapore Productivity Centre to ramp up activities: Lee Yi Shyan

SINGAPORE — The Singapore Productivity Centre has helped about 190 firms in the retail and F&B sectors since it was set up in October last year.

SINGAPORE — The Singapore Productivity Centre has helped about 190 firms in the retail and F&B sectors since it was set up in October last year.

Speaking at a forum organised today (April 16) by MediaCorp and supported by the National Productivity and Continuing Education Council, Senior Minister of State for Trade and Industry Lee Yi Shyan said the centre will ramp up its activities to help more than 2,000 enterprises over the next three years.

The centre, set up with a budget of S$10 million, will help to upgrade management practices, support the adoption of game-changing solutions, and strengthen infrastructure.

It is also conducting a benchmarking exercise with DP Information to enable companies in the retail and F&B sectors to compare their performance against others in the industry.

The findings will be announced by year-end.

Mr Lee also told reporters at the sidelines of the forum, that firms in the services sector can learn from best practices in the manufacturing industry.

“Seventy per cent of GDP is in the service economy. Service economy, sometimes give us an impression that they are less structured,” said Mr Lee.

“They hire someone today and they put the person on the job tomorrow, whereas in the manufacturing industry you actually will train the person for two or three weeks to make sure the person is up to standard then you put them on the production line.”

This is an example of how the service industry can borrow the discipline of manufacturing processes, he added. CHANNEL NEWSASIA

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