Epoch Times, Singapore Edition (Issue 498, Nov 7 – 20, 2014)
By Joel Nguyen
Epoch Times Staff
The supply chain competition organised by Supply Chain Asia (SCA) is going to enter its final round. The competition is based on a business simulation game called “The Fresh Connection”, in which teams of participants are required to make strategic decisions that can help to turn around a manufacturing company of fruit juices. The preliminary rounds of the competition were on Oct 25 and Nov 1, and the top teams will compete in the finals on Jan 15, 2015.
The competition, which is open to tertiary students and industry professionals, is for the first time supported by both Singapore’s Economic Development Board (EDB) and Singapore Workforce Development Agency (WDA).
According to Mr Lee Eng Keat, Director of Logistics, EDB, “The burgeoning logistics and supply chain management industry in Singapore has created exciting job opportunities, making training and retaining young talent critical for the development of the industry.
Through this game, students seeking intellectually challenging and rewarding work experiences would be able to appreciate the complexities of supply chain operations and be engaged with what the industry has to offer.”
Logistics and supply chain management is indeed a burgeoning industry in Singapore. The country was ranked as the No. 1 Logistics hub in Asia in the 2014 Logistics Performance Index, and the sector contributed around 7% to the national gross domestic product in 2013.
In addition, last year, the number of logistics professionals in Singapore was around 192,600, which makes up 9% of the country’s total workforce.
According to Mr Paul Lim, Founder and President of SCA, “The Supply Chain Competition is unique as its engaging gameplay is targeted to attract the young and IT savvy. Technology is the main driver of Supply Chain solutions today and will continue to be in the years to come.”
“By organising activities such as the Supply Chain Competition, we can stimulate and promote greater awareness and interest among the young to build solid careers in the SCM industry.
Through this competition, the students can discover how supply chains work as they confront various real-life, real-time dilemmas and learning. They can also get the feel of managing inventory, and developing operations and supplier management skills”, adds Mr Lim.
The finals of the competition will be held during the Supply Chain Asia Leadership Forum. Winners of the competition will be awarded at the end of the Forum and have the opportunity to network with the leaders of Singapore’s supply chain industry.
Quotes and materials for this article are from SCA’s press release.
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