JAKARTA, Indonesia, Aug. 22, 2014 /PRNewswire/ -- With the ASEAN Economic Community (AEC) becoming a reality in 2015, economic scenarios and business dimensions are expected to change. Materials, skilled work force, services, capital, etc. will all freely move across the region without boundary constraints. This will provide more opportunities to companies and individuals, which is good news for ASEAN. At the same time, it will also require companies to be competitive at the ASEAN instead of country level. Existing manufacturing hubs like Indonesia, Thailand, and Malaysia will try to sustain their current manufacturing advantages and other countries like Myanmar, the Philippines, and Vietnam amongst others will try to maximise the new economic environment and become new sourcing hubs in the ASEAN community.
With new opportunities and challenges knocking at the doors of corporates in Indonesia and other ASEAN nations, excelling in manufacturing and supply chain practices could very well decide on future corporate struggles. To address this rising necessity, Frost & Sullivan brings forth the International Supply Chain Excellence Programme (ISCEP), Indonesia Edition 2014. In tandem with Frost & Sullivan's programmes currently running in India, the Gulf Co-Operation Council (GCC), Thailand and Turkey, the Indonesia Edition aims to assist companies in adopting supply chain excellence practices across industries through assessments, feedback, and benchmarking.
As part of this programme, while the top performing companies would be recognised, all assessed companies would be handed over a scorecard and an evaluation feedback would be shared. The sectorial benchmarking against global peers will be included in the feedback with more focus into the operational plans / projects of the participants. This, when integrated into the business plans in the subsequent years, would deliver maximum leverage and a clear value benefit to the participating company.
Speaking about the importance of sustaining and building further on the Manufacturing capability in the region, Eugene Van De Weerd, Country Director, Frost & Sullivan, Indonesia, said, "Manufacturing is one crucial sector that can generate huge employment opportunities in any country. Indonesia has been a favoured outsourcing hub from ASEAN and the manufacturing investments in the country continues to grow year on year. To ensure that Indonesia continues to sustain this kind of growth and outperform other regions companies will have to adopt an innovative approach to achieve excellence and sustain its competitiveness. Through the ISCEP initiative, Frost & Sullivan aims to assist companies in addressing the above challenges and build sustainable and reliable supply chain processes which will eventually impact the bottom-line of a company's performance."
According to Aroop Zutshi, Global President and Managing Partner, Frost & Sullivan, "The International Supply Chain Excellence Programme (ISCEP) is a must for organisations that seek to enhance their competitiveness amongst peers, and thus achieve their long term growth objectives. This programme is an effective way of adopting functional and operational best practices from across Industries and Nations. The acknowledgement benefits that will accrue to local and international top performers, will serve not only as an internal motivational tool, but can also be leveraged for effective business promotion. I invite all forward-thinking corporates to apply for this one-of-its-kind programme."
Frost & Sullivan's International Supply Chain Excellence Programme (ISCEP) is based on a scientific assessment of adequacy and effectiveness of the systems implemented in an organisation. This will measure the maturity of systems, their effectiveness and the continuous improvements done towards making supply chain processes reliable and capable of delivering planned results. The strength of this Programme lies in its unique Site Assessment Methodology. Every facility is examined on predefined factors that capture effectiveness and efficiency of processes such as operations, quality, customer alignment, supply chain and logistics, human resources, research & development and business financials.
The participants of this process will have global benefits and an acknowledgement process that will catalyse their reach out to customers, collaborators and partners across the world. Further, companies can leverage this international platform, by opting to be recognised in any one of the other countries covered in this Programme or a country where Frost & Sullivan has its presence, besides its own home country. (Note: Subject to Executive Committee Approval).
ISCEP Indonesia Edition is supported by Indonesian French Chamber of Commerce and Industry (IFCCI) and Supply Chain Indonesia.
If you wish to know more about the International Supply Chain Excellence Programme, Indonesia Edition 2014 or would like to register, please contact, Shena Agusta, Corporate Communications, at ISCEP@frost.com or log on to www.frost.com/ISCEP-Indonesia
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For more information, contact:
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SOURCE Frost & Sullivan