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Special Interest Group (SIG) / Membership
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All individuals who are engaged
in credit/accounts receivable work are welcome to apply for membership of the association.
Upon admission, we shall advise members of our on-going activities to learn and
promote the latest credit management practices.
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Engineering SIG
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The Engineering Group, one
of the industry groupings within the SACM, currently has a total of 11 group members.
Many of whom have been with the group since its inception, is a good testimony of
the association each member is getting from participation in the group's membership.
Members from this group supply to a diverse range of industries with a wide spectrum
of industrial products. Meeting is usually held once a month at member premises
on rotational basis, to exchange information on new and existing customers pertaining
to credit matters such as credit status, payment record, market trends and other
relevant AR and credit management issues. Ad hoc credit matters are communicated
through email and telephone calls amongst the group members, resulting in fast and
effective responses. They have started a regularly updated database of defaulters/slow-paying
ARs amongst the members to complement their respective credit-screening regimen.On
the social side, recreation activities like dinners and outings for group members
were organized two to three time a year funded mainly by our monthly contribution
from our group members.
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Chemical SIG
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The Chemical Group, under the umbrella of SACM, started initially on a low note
but in September 2000, the members met for the fourth time and the group expanded
with new faces. Members with regional experiences from the global market in petrochemical,
resins, PVC and additives businesses, the group shared actively. Brainstorming sessions
include trade credit, political risks, country risks, credit agencies, bank ratings
and problem solving in credit management.
To keep the spirit alive, members are encouraged to meet regularly so that they
are able to socialize and participate in group discussions.
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Electronics SIG
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The SACM Electronics Group is a very active industry group whose members meet monthly
at its members?premises on a rotational basis. Besides the usual discussion of
new accounts, delinquent accounts and common credit practices, the group also conducts
regular surveys and benchmarking of credit related issues. Such benchmarkings are
very useful for members to evaluate their own practices against the industrial norms,
eg DSO calculation, Types of guarantees and its contents, Application forms and
Cycle time for approval.
On a regular basis, special guest speakers are also invited to such meetings to
share with members on interesting topics relating to credit. Within the Electronics
Group there is a sub-distributors group formed for all the distributors, who also
meet monthly to share their delinquent list and also to compile the total exposure
of major common customers. Besides the monthly meeting, members also communicate
through emails and telephones for credit references. Members from this sub group
also join the main electronics group for meetings on a regular basis.
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Consumer SIG
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As membership grew and because they came from different industries, a need became
apparent that members had to be split into their respective industry groups. In
1983 the first group, THE CONSUMER GROUP, was formed.As a smaller group, bonding
was stronger and exchange of confidential information was more at ease and readily.
Members met once a month and took turn to host. This arrangement was strongly supported
by member companies as the next turn to host would come only after more than a year
later. To this day, meeting is still once a month and members still take turn to
host the meeting.
Since the formation of this Consumer Group 21 years ago, all participating members
found great benefits and in turn helped to increase membership. From such meetings,
new members who were new to the trade picked up the tricks and trade of the business and eventually became just as good themselves.Any new member belonging to the respective
industry group is always welcome to join in the monthly meetings by contacting the
group leader. Currently the group leader is Ms Florence Ho of Energizer Singapore
Pte Ltd.
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