In a swiftly transforming business environment, the Singapore furniture sector is confronted with a variety of challenges. These pose issues such as bulk inventory management, personalizations, and quick deliveries. As a result, but with the aid of state-of-the-art HCM systems, the firms can easily meet such challenges and even stay a step ahead.

What are the Challenges Encountered by the Furniture Industry in Singapore?

Problems are distinctive for different types of furniture businesses. One of the most difficult tasks is managing huge industries with many different products. Above all, timely and resource-eager customizations aimed at unique customer specifications are the givers of such issues. Only furniture firms need to deal with challenges that are not related to other economic sectors.

Although they are unique, some concerns are common across various fields. Sometimes labor shortages coincide with the rise and fall of raw material costs. The problems, in consequence, have severe effects on both productivity and profit. One more such common matter is unpredicted technological changes. In this case, firms have to constantly redo things to stay competitive.

How HCM Systems Can Tackle Industry Issues?

HCM systems present solutions that directly address the problems faced by the industry. They improve the management of inventory, thereby making sure that the products are accounted for and delivered right on time. To manage labor, these HCM systems make things easier such as developing optimal workforce planning and managing rostering accurately.

Such systems also curtail cost variability by increasing the effectiveness of resource use. In fact, the automation of HCM is a way of handling cost management. Besides that, functions of the HR system empower adjustments to be made with the modifications in technology, so firms can reap the benefits of the future. To top it off, the system includes the monitoring of employee performance as a means of ensuring the firm is at peak efficiency.

Proposals for Effective HCM Implementation

Establishing HCM systems necessitates specificity. Through their complicated nature, enterprises should concentrate on setting precise objectives and providing adequate training. The involvement of important stakeholders by the feedback and needs assessment is as meaningful as the transition of the set goals to the organization’s objectives.

Why Select Multiable aiM18 HCM as Your Business Solution?

• Rule-based Workflow Engine: Improving decision-making speeds by adaptable processes directly addressing issues.

• Unlimited Dimensions of Headcount: Comprehensive workforce analysis to maintain optimal staffing levels.

• Intelligent Roster Planning: Possible labor time savings by streamlining rostering processes.

• Powerful Payroll Engines: Payroll processing completion in less time through speed and accuracy in complex calculations.

• Flexible Appraisal System: Customized performance appraisal forms, department-specific metrics to fine-tune the evaluations.

Do You Know aiM18 HCM is e-MPF Approved?

Complete e-MPF operations are approved for aiM18 HCM, making CPF management more straightforward and supporting IRD-compliant documents, thereby providing peace of mind for businesses 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.