Singapore’s furniture industry is currently facing a set of challenges that need a unique way to deal with them in order to remain viable, thanks to the increasing competition worldwide and the need to transfer products in a cost-effective way. New entrants to the market, who are also competitors, pose the most serious of challenges, as they possess a higher level of flexibility in the implementation of new technologies. Besides those challenges, the furniture industry also experiences issues that are characteristic of particular sectors and others that it has in common with numerous branches.

What Are Challenges Specific to The Furniture Industry?

One sizeable debacle of the industry is constrained logistic facilities, resulting from the fact that the industry deals chiefly in large and weighty items requiring transportation and storage of special types. Besides that, the sector’s inflexible supply chain also creates difficulties for operators. In fact, it is becoming more and more impossible to recruit skilled craftsmen, which is a complication on top of those mentioned. As a direct consequence, increased global competition requires more customization and innovation from the firms.

Importance of HCM Systems in Getting Over These Issues?

In the case of Multiable HCM, which is a type of HCM system integration, the process will be further streamlined by the optimization of payroll and CPF management, administrative overhead thus being reduced. Of course, this system will also help with rostering and performance appraisal functions, thereby increasing the overall workforce efficiency.

Software systems usually compound what is wrong with the human resource management system that is causing communication and efficiency issues, which can be corrected by hiring furniture firms to concentrate on the strategic growth that is giving them returns. Automation of workflows, which is the key element to diversification, gives firms the adaptability needed to meet their specific demands in the area.

The Steps to Successful HCM Implementation

successfully running the HCM system would call for proper guidelines, like enlisted stakeholders and a solid training program. The leadership of the firm should give preference to personalized interfaces and draw up KPIs as a measure of the effectiveness of the system.

What Is Multiable HCM System Like?

• Rule-based Workflow Engine: More accurate operations and less mistakes.

• Intelligent Roster Planning: Makes rostering easy, thus, time and resources saving.

• Fully Customized Payroll Formula: Responds to the firms’ intricate payroll requirements.

• Powerful Payroll Engines: They are able to quickly process payroll, making it easier to calculate back wages.

• Unlimited Appraisal Forms: Flexibility in the structure of performance appraisal is delivered.

Why Trust in aiM18 to Address MPF and IRD Compliance?

The aiM18 HCM solution is not just MPF and IRD compliant, but it is also e-MPF approved, making the integration of the already existing processes in Singapore easy.

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.