Government launches online assesment tool

The tool will help an SME to diagnose its productivity performance and pin-point the gaps to address.

According to SPRING Singapore, the Integrated Management of Productivity Acitivities or IMPACT has a new interactive version is available.

SMEs will be able to identify their strengths and weaknesses in productivity management, benchmark against companies in the same industry, identify productivity improvement areas, and develop an actionable road map to improve productivity. Being an online tool, SMEs can perform their own assessment anytime at their convenience.

To date, about 120 SMEs have conducted IMPACT assessments through the five Enterprise Development Centres (EDCs) and via SPRING's SME Management Action for Results (SMART) initiative.

At least 1,000 enterprises are expected to use the online assessment tool annually.