digitisation

Machinery and equipment sector can profit from digitisation

THE Covid-19 pandemic has made it clear that digital solutions are vital for enterprises to remain competitive, especially SMEs.

Our country’s machinery and equipment (M&E) sector is dominated by at least 85% locally-owned SMEs and the majority of them are comfortable with their traditional methods of business management, resulting in little contribution to today’s sector productivity.

This needs to be challenged as more developed nations are becoming increasingly competitive by adopting new technologies and business methods.

To boost productivity in the M&E sector, the M&E Productivity Nexus (MEPN), supported by Malaysia Productivity Corporation (MPC), was established and led by industry associations under the Machinery and Engineering Industries Federation (MEIF) to assist SMEs in operations-related productivity improvement.

However, reaching out to the SMEs of the M&E sector is a big challenge as they tend to keep away from digitisation, thinking that such investment is costly and it comes with complicated processes.

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