News 2 ( SPM Future plans and Growth Strategies)

SPM’s management has outlined the following growth strategies and/or future plans for the next 5 years, which is to be at the technological forefront in the provision of engineering services to world class companies:
There are 3 growth strategies SPM is targeting to adopt:

To become a Total Engineering Services Solution Centre

By leveraging on its existing know-how and competitive advantages that SPM readily offer to its existing and new customers, the growth plan is eventually to transform its existing operations to become an end-to-end total engineering solution centre for high precision component machining to sub-assembly services. Although currently the company provides both types of engineering solutions above, improvements can further be made in the following areas for it to achieve its total solutions goal:

• Level of engineering capabilities and technical skills via OJT and training to the shop floor operators and middle management. SPM’s management places significant emphasis in HR policies and practices of the company to ensure that skill development are …
• Machining technologies in terms of tooling and supporting equipment to enable a more comprehensive and end-to-end machining capabilities.
• Data management systems that automates and enables fast and real time access to operational information such as scheduling, process flow management data, etc
• Management and process control tools and mechanism to be subsequently implemented by stages into the operational aspects of the company. Some of these tools identified are production, HR and quality KPIs, SPC, Balance Scorecards, 5C, 3-sigma, 5Cs policy, etc.
• Supplier network of the company needs to be further improved upon on their capabilities to compliment SPM’s business policies and standards. SPM seeks to work closely with its suppliers for that purpose.
As a total engineering solution centre, it will be able to procure more stable middle to long-term contracts from its existing and new customers as compared to jobbing. These contract-based relationships with its customers allow SPM to planned ahead knowing that it has a secure based of income over a period of time.

To become a developer and manufacturer of Automated and Semi-Automated Machines

Through the SPM’s experience in providing machine refurbishment services to its customers and sub-assembly capabilities and by leveraging on its high precision component manufacturing capabilities, SPM sees itself to be a potential OEM and OBM developer and manufacturer of automated and semi-automated machines for the manufacturing industries. The scope of activities will also expand to include consulting, designing and development activities for the machines aside from existing capabilities such as assembly, testing and commissioning of automated and semi-automated machines and equipment.
SPM’s management sees significant potential within the Indo-China region for economic growth. The management of the company foresees more manufacturing-based industries to sprout and thus presents SPM with the right opportunity to become one of the suppliers of high quality and reliable OEM and OBM automated and semi-automated machines.

Using ICT to Enhance Business Competitiveness

The management of SPM is a firm believer in the use of ICT to further extend its business competitiveness and in view of the globalise nature of its business i.e serving a number of customers located abroad.

The management of the Company intends to develop and implement a web-based customer relationship, project management and procurement/order processing portal within its existing website. The implementation of this initiative will be done in stages and will be streamlined to in-house ICT infrastructure setup.

Having a portal-based centre, the Company seeks to provide faster, more accurate and responsive services to its customers, in particular repeat and loyal customers located outside of Thailand. The planned ICT infrastructure not only streamlined order processing but also reduces cost due to human errors in documentation i.e filling up of purchase orders, etc. Given that many MNCs in the world today are going online in particular in their procurement process, the management of SPM views its planned investment in ICT will give the Company a competitive edge compared to its local competitors in Thailand.