Being focused the key to Autoscan's continuous profits

Nov 15, 2007: Staying focused is the secret of 15 years of uninterrupted profits for Autoscan Technology, despite the Asian financial meltdown of 1997 and the SARS crisis of 2002-03.

Autoscan sticks to what it is good at: the use of radio frequency identification (RFID) technology in supply chain management.

Chief executive Patrick Chua says: т€œWe found our niche by providing value-added IT services and equipment to industries in manufacturing, transportation and logistics, maintenance and aviation.т€

The company, which started operation in barcode system consultation and implementation, claims its core competence is in the re-design of business processes using AIDC (automatic identification and data capture) technologies and in providing logistics solutions.

It operates in four т€œmust winт€ markets -- Singapore, Malaysia, Thailand and China. т€œWe are not a global brand,т€ says Patrick. т€œWe have yet to establish a significant presence in the region and globally.т€ But Autoscan is working on establishing its brand and setting up channel partners.

т€œSingapore, China, Malaysia and Thailand are strategic markets. With the right partners and good products, we expect these countries to become significant revenue contributors from 2008 to 2011.т€

From sales of about $1 million in 1992, its first year of business, Autoscan has grown to a $12 million-plus company. Singapore accounts for 80 per cent of sales, but Patrick expects a bigger percentage from abroad as business picks up in the other markets.

For more, visit http://www.autoscan.biz/

Click here for more about Autoscan.

Have a success story to share?
Email us at contact_isg@portalcity.com.sg to request for your story to be featured!