Partnering Customers To Power Ahead With Breakthrough Technological Solutions: Venture

Venture (SGX: V03.SI) was founded in 1984 as a global electronics services provider. Today, Venture is a leading global provider of technology solutions, products, and services with established capabilities spanning marketing research, design and development, product and process engineering, design for manufacturability, supply chain management, as well as product refurbishment and technical support across a widely diversified range of high-mix, high-value and complex products.

Venture has built know-how and intellectual property with domain expertise in printing and imaging, networking and communications devices, handheld interactive scanning and computing products, advanced storage systems and devices, financial-related equipment and technology, industrial, power and energy-related products, test and measurement equipment and instrumentation, medical and healthcare devices and life science equipment.

In its pursuit to create unparalleled enterprise excellence across design and engineering, manufacturing, and distribution, Venture has forged numerous meaningful partnerships and alliances. As it assumes a key role in the enterprise chain, Venture will continue to tap the knowledge and best-in-class capabilities of global enterprises for breakthrough innovations.

Headquartered in Singapore, the Group comprises more than 30 companies with global clusters in Southeast Asia, Northeast Asia, America and Europe and employs over 12,000 people worldwide.

The Power of Shared Values

“At Venture, we work as a closely-knit team with a shared value system, where seeking to realize the corporate vision and achieve personal fulfillment is an everyday pursuit.

Our core values are essential enduring principles that guide every Venture staff, by way of our policies, practices, and goals. These deep-rooted internal values shape our attitude towards our work and direct us in the way we behave and work with our colleagues, customers and business partners.

We believe our core values will steer us to the best path to achieving our desired goals, both individually and as a team.”

Value Chain Management: Providing End-To-End Solutions for the Valued Partners

Research & Development

Product innovation/R&D and production are intertwined. Venture provides a seamless integration from product development to manufacturing operations, creating considerable benefits from design for manufacturability, reliability, cost, customer product differentiation and faster time-to-market.

Venture has R&D domain expertise and critical know-how in various product categories and ecosystems. As a trusted partner, Venture works closely with its customers’ Product Marketing and Design teams collaborating on technology feasibility, rapid prototyping, and product realization.

Venture offers a collaborative product design. On receipt of new product requirements and pertinent performance specifications from its customers, Venture’s R&D team immediately sets out detailed project schedule and milestones for effective collaboration between both parties. Throughout the course of the project, Venture’s experienced Programme Managers work expeditiously to meet each project milestone and are readily available to provide regular product development progress/update, as well as coordinate review meetings to gather feedback. The adoption of Venture’s Product Development Life Cycle process for all projects provides customers with complete project transparency and traceability for better decision-making.

Venture’s R&D process is in accordance with applicable ISO9001 and/or ISO13485. Venture also has the ability to assist its customers in securing worldwide regulatory agency approval for their products.

Product Industrialization

Product Industrialization involving the transition from the design phase to mass production requires the consideration of many factors. Venture has played a key role in its partners’ product industrialization programmes, assisting its partners to launch and qualify multiple tools to meet their production targets. Venture’s experienced and dedicated engineers work closely with partners across the entire supplier eco-system to ensure timeliness and all component parts satisfy exact quality standards. To ensure a high-quality end-product, initial tooled up parts are meticulously checked with all parts undergoing stringent pre-determined qualification process.

Venture works with an extensive network of supplier partners worldwide including supplier partners in low-cost regions, benefitting Venture’s partners with access to high-quality components at competitive prices.

Venture’s product development ethos also mandates a rigorous verification and validation process to ensure high reliability when the product goes into production. Process capability (Cpk) and control charts of component parts are stringently measured and tracked during pilot production runs. All products undergo functional characterization for product life assessment and reliability. Products are subject to applicable tests to meet industry stipulated testing protocols for environmental, EMC and safety requirements. Commencement of production follows a thorough review of all the results of the entire product industrialization process.

Venture has demonstrated capability in developing customized automation systems for customers with high volume production. These systems have built-in sensing/diagnostic capabilities and are connected to in-house manufacturing execution systems for planning and tracking. Through the introduction of automation systems and smart factory, Venture’s customers have enjoyed an improvement in productivity, quality assurance and consistency and much another incremental value-add.

Value Creation DNA

Since its founding, it is Venture’s strong belief that value creation must lie at the heart of all the operations carried out by the group. Guided by its vision, mission, and values, Venture has seen its relentless pursuit of excellence contribute to its all-round progress. Besides having a strong focus on economic performance and technological leadership, Venture takes pride in having contributed to the economy and the society through the creation of more than 12,000 quality jobs worldwide, covering Research, Products and Solutions Development, Advanced Manufacturing, Supply Chain Management and Order Fulfillment, Product Distribution and Reverse Logistics.

As Venture continues to build on its current success, the Group remains appreciative of how an increasingly interconnected economic-social-environmental landscape can impact the natural environment and fabric of the society. At Venture, it is the Group’s belief that business success must be accompanied by unwavering principles of integrity.

Howdy Chief!

Wong Ngit Liong, Chairman & CEO: Mr. Wong has been instrumental in the growth of the Venture Group since its inception. From its humble beginnings as a start-up in the EMS Business, Venture has transformed into a leading global provider of technology solutions, products, and services.

Mr. Wong holds a 1st Class (Honors) degree in Electrical Engineering from the University of Malaya, and a Master’s degree in Electronics Engineering from the University of California, Berkeley in the United States where he was a Fulbright Scholar. He also holds a Master of Business Administration degree with distinction from McGill University under the Canadian Commonwealth Fellowship.