Confronting the Electrical Appliances Sector in Singapore

Alongside the regular obstacles faced by various sectors, the electrical appliance industry in Singapore is fending off its exclusive set of challenges. Companies in this sector face problems such as special regulatory requirements for electrical products as the country is leaning more and more toward technology and innovation. The continuous need for changing technologies and the quick rate of product obsolescence because of the relentless consumer demands for new features form another layer of complexity in the industry. Conversely, the wild international supply chain fluctuations, intensified by the geopolitical discord, adds a totally different dimension of difficulty that other sectors may not encounter so clearly.

Coupled with the challenges unique to the sector, issues like the need for a well-maintained supply chain and the navigation of digital transformation, both of which are relevant to many industries. On the retail side, the need for e-commerce compatibility and a smooth shopping experience for the customer remains the main issue in the competitive market. In fact, these interlinked problems emphasize the paramount importance of the optimization of the operational systems.

Point of Sale Systems: The Central Device to Force Efficiency

Unbeknownst to many, POS systems entry can be a welcome solution to a considerable degree for the retailers operating in the electrical appliance market. A modern point-of-sale system allows for better inventory visibility and enhances stock management leading to reductions in overstock or stockout issues. Besides, POS systems help retailers to move into data-driven decision-making, being able to adjust the marketing campaigns and promotions, due to the customers’ preferences and purchasing history.

Because of the complexity of today’s multi-channel retail environment, POS systems offer the ability to link to e-commerce platforms, which means that retailers are able to unify the inventory and order management processes. Retailers can, thus, provide their customers with the same efficient service in their physical stores as well as online platforms. This integration has a double advantage of improving customer satisfaction and also streamlining operational efficiencies like minimizing manual input errors as well as releasing much-needed resources.

Deployment of POS According to the Guidelines

Setting up a POS system is a journey that is not without its challenges, and businesses need to traverse through the winding road of strict protocols to make it to success. Above all, the firms should first evaluate the specific requirements and pick a system that is aligned with the overall goals of the firm. In addition, it is a good idea for the retailer to involve the workers in both the selection and the implementation process, to provide their training and to make the salespeople comfortable with the new gadget. Another important step is to make deployment suggestions that include a system that is thoroughly tested for functionality and performance before going live.

Multiable’s aiM18 POS: One solution for Everything

The Multiable aiM18 POS system caters to almost all conceivable needs of the Singaporeans dealing with unavoidable challenges in the electrical appliance industry. Here are five assets that are especially relevant:

1. Retail Management: Provides a centralized control system for cross-chain management of multiple stores simplifying the operations.
2. Real-time Integration: Coordinates product databases and finance systems in a real-time manner to boost supply chain efficiency.
3. Promotion Management: Facilitates on-point and fast promotions, hence, increases communication with customers and sales.
4. Automatic Logistics Selection: Enhances logistic service delivery with the help of Artificial Intelligence (A.I.)-based selection of suppliers.
5. Customization: Offers immaterial number of specific user-defined input interfaces to modulate system activities to specific business needs.
4. E-Commerce Platforms and Multiable ERP

Multiable’s ERP showcases its worth with real-time connections to established e-commerce platforms such as Shopify, Amazon, Shopee, and so on. Retailers in Singapore will have an advantage with this feature to operate a retail strategy that works efficiently and in harmony through the simultaneous management of sales, inventory, and customer data. Moreover, Multiable ERP’s acknowledgment as an ASR+ software vendor, approved by IRAS, further justifies its performance and standing in the sector.

What is Multiable POS ?

Multiable POS is a cloud-native POS targeting retail groups with sizable chain stores in Singapore, Malaysia, Hong Kong and China. With over 6,000 customers in the region, Multiable POS gains positive feedbacks from public companies and multinationals across different sectiros, from cosmetics, furniture, fashion, healthcare, pharmaceutics, sportswear and toys etc. The renowned no-code approach saves customer a big sum of customization costs and countless hours of implementation man-days.

What is LAIDFU (Let AI Do for You)?

LAIDFU is an AI tool for enterprise to build their own AI agents to perform various business AI tasks.

Proprietary EKP (Enterprise Knowledge Partitioning) technology eases CEO’s concern about trade secret leakage which often occurs in most AI agents / chatbots in the market.

EKP removes the hurdle of business AI adoption by most companies in using sensitive corporate data.

Powered by no-code approach, deployment of LAIDFU incurs far less developers (and development costs) in comparison with other AI tools.

LAIDFU empowers business, with or without an ERP system in place.