Mr. Scott Smith assumed the role of a Chief Executive Officer at Beyonics on the 18th of July 2016. He brings 30 plus years’ of experience with technology companies, having served roles in sales, marketing, and operations with Fortune 500 companies including Canadian electronics manufacturing services provider Celestica, Chinese technology manufacturer Lenovo and global information technology provider IBM in leadership roles in the United States, Europe and in Asia.
Prior to Beyonics, Smith was the Executive Vice President and Chief Commercial Officer at Moduslink, a global supply chain services company. Smith holds a Bachelor of Science degree from Clarkson University in New York.
Smith believes past positions have all been building blocks to prepare him for his greatest role yet: as CEO of Singapore-based precision manufacturer Beyonics.
The big idea of vertical integration in Beyonics is what attracts Smith to its leadership role. “You need head, heart and guts,” Smith says. “Consistency fails business eventually, you need adaptability, flexibility, and capability of making changes quickly. Some people report the weather and some people make the weather, I am a firm believer that you create your own weather.”
“The vertical integration of our core competencies: aluminium die casting, plastic injection moulding, precision metal stamping, and printed circuit board assembly are not common in other parts of the industry. This is an opportunity to really bring a different value proposition to clients: by eliminating many of the costs associated with distribution and logistics, simplifying their supply chain, and offering a one-stop shopping solution for anything from piece parts to the entire box build of any products in our primary business sectors: the automotive, medical, industrial, and high-end consumer electronics industry,” Smith says.
Beyonics is working towards constructing three vertically integrated mega campuses: in Singapore, Malaysia, and China, along with four satellite facilities; in Kota Tinggi, Malaysia; in Wuxi and Dongguan, China; and Chonburi, Thailand, which is built to replace its existing facility in Ayutthaya, Thailand.
“We’ve invested in two major building initiatives. One is here at our Singapore head office, where we’re erecting a new 21,368 square metres facility that will combine our four Singapore factories into one. Beyond Singapore, we have expanded our operations in Johor Bahru’s I-Park in Malaysia, adding another 12,000 square metres to our plastic injection moulding capabilities,” Smith says. “We’re also erecting a new building for stamping on the same I-Park site. By then, our facility in Johor Bahru will be approaching 46,500 square metres. It will become a mega campus where we can proudly display all of our capabilities, including complete box build. Furthermore, in Changshu, in China’s Jiangsu province, we’re creating a mirror image of our Malaysia operations.”
Smith foresees a 25 per cent growth across Beyonics’ four core segments and steers the company towards expanding its client base in the region. This is also in line with Beyonics’ goal of achieving a 40 per cent increase in revenues from new business opportunities, particularly from automotive and medical industries. Smith is positive that merger and acquisition opportunities will help scale up Beyonics’ operations worldwide. Last year, Beyonics merged with Chosen Holdings, a company who specializes in plastic moulding. This union has given Beyonics well-enhanced plastic capabilities in addition to its existing moulding capabilities and reinforces Beyonics’ position as an Asian-based precision-engineering leader.
“When we engage with a particular client, whether it’s a new or an existing client, we work in a collaborative nature. We sit down with their engineers and really look at the design, making sure the design is optimised for manufacturability. That negotiation, or collaboration right up front is extremely important to us because that’s when we can make the product more efficient and more effective. This is what dictates cycle time improvement, automation, process optimisation, everything we do as a manufacturing organisation. We also need to align the interests of our customers with those of employees,” according to Smith.
“People dictates the success of your company and you need to be surrounded with good people to make a greater business. The way you handle people is critically important,” Smith says. “Building the Vision, Mission and Core Values from the bottom up is much more meaningful and adaptable than a TOP down directive.”
To affirm his stand, Smith empowered his people by allowing them to decide on the core values they wanted most at their workplace, which is an uncommon practice in organisations. A group of Beyonics’ floor leaders participated in a 3-day workshop, creating the company’s vision, mission and core values.
Apart from actively rolling out and participating in team bonding and social responsibility events, such as charities to home for the aged and charity runs, Smith has also implemented a reward structure which is held quarterly, as of form of compliment and recognition for his people. “We need to demonstrate that we care and we do things to embrace the entire Beyonics family,” Smith says.
With the new structure and direction, developments in Beyonics have moved along at lightning speed. Smith’s proven leadership skills and broad experience in growing revenues is a vital asset to Beyonics. The company has a robust growth strategy to which Smith adds considerable knowledge and experience. Beyonics is well-positioned to deliver integrated precision engineering solutions to existing and new clients. Working with the Beyonics team, Smith is committed to modernizing all manufacturing facilities to create industry leading campus operations, offering a unique market position to provide integrated manufacturing services.
Apart from utilising automated processes in its manufacturing, Beyonics has also invested heavily in information technology. It has developed a new website to educate the market on the capabilities of the company and the value it can offer industries and clients. Not only can the website be used as an educational and sales tool, it can continuously serve the company’s customers online across various time zones.
“The entire Beyonics team harbours an intense passion for excellence in every facet of operation, including moulding dynamic functional plastic components, producing creative printed circuit board assemblies, stamping the complex shapes of automotive sensors, and die-casting transmission valves to exact tolerances. These are the foundations upon which Beyonics will expand and grow stronger in the future,” according to Smith.
Beyonics is one of the region’s leading precision parts manufacturers offering complex integrated manufacturing services such as precision metal stamping, innovative mould design and fabrication capabilities, leading precision plastic injection moulding, aluminium dies casting and machining, electronics subassembly, and complete product manufacturing. Headquartered in Singapore, Beyonics has a combined workforce of over 5,000 staff across 10 factories located in Singapore, China, Malaysia, and Thailand, and 7 global sales locations in the US and Europe.