In today’s highly competitive landscape, small businesses in Food & Beverage sector often face the challenges such as changing consumer expectation and high operating expenditures. Studies show that among the operating expenditures, labor cost and cost of goods sold are the highest compared to the rest.
However, most of these expenditures can be reduced through well designed solutions and hence, Singapore Productivity Centre (SGPC) has developed package solutions that consists of menu engineering, workflow redesign and financial management, to support businesses in strengthening these three-core operational area that will increase both productivity and revenue.
Companies taking up these packaged solutions may also tap on SPRING Singapore’s Capability Development Grant (CDG) for funding assistance of up to 70% of project costs.
The CDG aims to help Small and Medium Enterprises (SMEs) defray qualifying costs of their capability upgrading projects to improve productivity and develop business capabilities for process improvement and financial management. For small-scale projects, the application process for CDG support of S$30,000 or less has been simplified.
Smaller F&B businesses can now look forward to simpler application forms and reduced documentation requirements for such projects.