INCIT launches self-assessment tool to accelerate growth, digitalisation, and boost productivity for MSMEs

Worldwide – 27 February 2025 – Singapore – INCIT is proud to announce the launch of its Operations Excellence Readiness Index (OPERI), a cutting-edge self-assessment tool that will empower micro, small, and medium enterprises (MSMEs) and MSME business owners to tackle their toughest operational challenges, unlocking key benefits like boosting productivity, fast-tracking their growth and digitalisation progress and ultimately, future-proofing their business. Most enterprises and small businesses shut their doors within five years, but through OPERI’s in-depth analysis, manufacturing leaders are equipped with critical operational insights, enabling them to identify vulnerabilities, seize growth opportunities, and drive long-term business success. According to McKinsey and Co., MSMEs are considered the “lifeblood of […]

Introducing OPERI – the catalyst for the operational success of small to medium manufacturers

New INCIT index launching to help accelerate the growth of micro, small and medium manufacturers Worldwide, 12 December 2024, Singapore – Data suggests that a majority of businesses fail in the first few years of operations. According to the U.S. Bureau of Statistics, 20 per cent of companies close their doors within the first year, and over 50 per cent collapse in their first five years. For small business owners in competitive industries like manufacturing, it is very challenging to stay afloat, and the stakes are extremely high. At INCIT, we have found that a significant portion of micro, small, and medium enterprises (MSMEs) with even over 20 years of […]