Navigating the challenges that arise in the wholesale industry in Singapore is quite a tough task. These challenges are strikingly different compared to the ones in other industries, though the sector also has some common obstacles. Integration of a good HR system is one of the methods that businesses could use to gain a competitive edge.

What Are the Problems in Wholesale Industry?

Wholesale firms are embedded with a very special type of inventory management that is only found in the sector, being more complex and demanding the exact logistical coordination. On the other hand, the frequent changes in the supplier network also arise problems for the resources. Additionally, both regional and international laws can be a big headache for the firms to follow.

Challenges related to retaining employees and embracing the digital revolution are also seen thinly in other businesses of Singapore. In fact, these obstacles are the main highlighted areas of the need for the application of better and more advanced HR systems in this case, thus, the overall operational efficiency and employee satisfaction would be elevated.

Why HCM System Is Suitable for These Problems?

The launch of an HRMS application creates a one-stop shop solution. Because of the specific difficulties and challenges that are caused in the wholesale sector, HCM software are impactful in business workforce management. They make jobs easier, raise productivity, and comply with the rules of CPF, hence, the firms are agile and obey the rules exactly as they should .

These systems, furthermore, equip HR departments with strategic decision-making outlined through performance appraisal feature that supports both employee skills improvement and operational decisions. Be it respect to effective scheduling of staff or payroll, these software are the core pillar of empowerment.

What Are the Steps Needed to Completely Implement HCM Systems?

Proper HR system deployment involves setting clear and firm goals and knowing all the potential needs of the firm first. Getting the buy-in or involvement of stakeholders at the very start and the execution of thorough and dependable data migration are the fundamental steps. Also, the emphasis on training, as well as the persistent evaluation of the system performance, ensures that it will assist the business in adapting to the shifting demands.

What Are the Main Features that Multiable’s aiM18 System Brings?

• Rule-based workflow engine: Keeps productivity high while dealing with complex workflows.

• ISO:27001 certification: Guarantees the privacy and protection of personal data through advanced encryption.

• Intelligent roster planning: Increases the accuracy of your staffing according to regulations in your area.

• Powerful payroll engines: Reduce payroll errors drastically.

• Unlimited appraisal forms: Flexibly adjust the performance appraisal to the needs of different departments.

How Compliant and Innovative is aiM18?

aiM18 is recognized by e-MPF and also a firm-wide feature for all those who are following the compliance regulations like the MPF requirements. In addition, it guarantees IRD compliant documents which only serves to show its wide functional scope and whole regulatory consistency within the wholesale industry in Singapore.

What is Multiable HCM?

Multiable HCM is a cloud-native HCM (aka HRMS, HRIS or HR system). With over 6,000 customers, Multiable HCM gains positive feedbacks from customer across different sectors, from manufacturers, distributors, retailers, service providers to NGOs. 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 HCM system in place.