A Standards Implementation for Productivity (SIP) project is intended to assist industry in the implementation of standards for the improvement of productivity covering both the manufacturing and services sectors. In SIP projects, the standards to be implemented can either be developed or adopted from existing international, national or widely accepted industry standards.
SPRING brings together significant players, SMEs and other stakeholders in local industries to participate in SIP pilot projects. Besides facilitating the project, we work closely with industry to bring together relevant private and government parties to implement standards and assess the impact of the SIP projects for industries. The benefits will encourage other players in the industries to adopt the standard for improvement of their competitiveness.
SMEs which have participated in SIP pilot projects have reaped tangible benefits such as cost reductions, better connectivity and improvements in productivity, quality, safety and health. To date, the pilot projects have achieved 10 times the returns of the grant amount of the projects. Some companies have reaped more than $20 million in savings.
Co-funding of SIP pilots is available to encourage the adoption of standards for your industry, particularly among SMEs. Pilot projects can involve both large and small companies.
Competency
- Improve productivity, quality and enhance customer satisfaction
- Increase efficiency
- Reduce human errors through automation
- Savings in product and production costs
Business Opportunities
Standards are increasingly being used as a benchmark and qualifier for identifying competent and reliable suppliers who comply with local regulations, international practices and industry requirements. Suppliers who comply with standards stand to secure a foothold in the marketplace through the legitimacy standards give and develop closer collaborations and relationships with trading partners.
Market Access
Standards help to promote trade by lowering technical barriers to trade. Businesses which adopt national and international standards gain better access to both local and global markets.
Cost Savings
- Time savings - Improved product time to market, product cycle time and manpower time
- Quality - Improved product quality, reliability and shelf life
- Improved consumer satisfaction and company branding
View some examples of benefits gained from participating in SIP projects.
- Over $50 million in savings and benefits have been gained from SIP projects
- Recognition and publicity through seminars showcasing companies in successful SIP projects
- Financial support of up to 70% of applicable project costs, subject to applicable terms and conditions. Assistance may be provided for manpower-related costs, equipment & materials, professional services, consumables cost and other project-related expenses
5 phase process for SIP implementation
Participation in SIP projects is open to all Singapore registered companies/organisations. This includes :
- Small and medium enterprises (SMEs)
- Large local companies
- Multinational Companies ( MNCs)
- Industry associations
Should you be interested in any of the above standards implementation projects, have ideas on standards that may help your industry or would like SPRING to help identify standards that may help your organisation become more competitive through participation in SIP pilot projects, please contact us at :
The SIP Team
Tel : (65) 6279 1802
Email :
sip@spring.gov.sg
(with the subject title: SIP Enquiry)
Download the SIP brochures.