Successfully Steering Through The Sportswear Retail Market in Singapore

Sportswear is not only a small piece of the retail puzzle in Singapore but a separate and unique industry with a lot of challenges and opportunities. Contrary to many other sectors, sportswear firms must remain at the forefront of research and development and implement the latest trends like athleisure wear.
One more difficulty is the inclusion of environmental sustainability in supply chains, which is becoming more and more complex with the rising demand of eco-friendly Singaporean consumers. On the other hand, the issue of customer brand loyalty’s inconsistency appears as the next challenge, as consumers are presented with many possible options. Certainly, such obstacles necessitate sportswear retailers to be simultaneously agile and technology-driven. Not less than that, the issue of managing the real-time inventory remains imperative, like in many other industries.

Revamping Retail with Point-Of-Sales Systems

In a conundrum of agility in retail, the Point-Of-Sales (POS) system is thought to be the centrifugal force that interplay beyond the traditional retail. Because of the rapid technological changes, POS systems present so much more than just buying and selling. Actually, they are the bedrock of addressing several operational issues in the sportswear sector. A powerful POS system provides real-time inventory management for retailers, one of the most serious universal problems that they have to face. Apart from that, the POS offers a smooth customer experience thus increasing the chances of retaining brand loyalty.
In addition to managing financial transactions, contemporary POS systems are capable of performing analytical functions, giving businesses a chance to adjust their product ranges according to the consumer’s preferences.

Key Points for the Successful POS Implementation

Implementing a POS means not only to use the new technology but also to carry out a strategy integration into the operation of your business. Here are some points to observe for the successful implementation: Firstly, you should start by setting clearly the retail goals and make sure that every employee in your firm is aware of them.
Furthermore, it is essential to discover a POS system that can grow alongside your business. Thoroughly training your employees is very important in achieving maximum benefit from such technology. Certainly, continuity of technical support and updates is vital to sustaining system efficiency and reliability.

Aspire Digital POS System Features: The Retailer’s Ultimate Weapon

When we look for a specific POS to address a certain industry, we shouldn’t forget the ambitions of Multiable’s aiM18. The sportswear creative industry in Singapore will find the following five features of Multiable’s aiM18 very beneficial:

• Chain Store Management: Integration allows easy communication with multiple points, which is crucial in the fast-changing market regarding different customer preferences.

• Real-time Integration with Finance System: Keeps track of real-time financial data, thus enabling efficient and accurate financial management.

• Automatic Logistic Service Provider (LSP) Selection by AI: Increases the speed of delivery, and cuts logistics costs by using AI while fulfilling customers’ requests for time and trust.

• Stored-Value Card Management: Provides payment options variable to encourage the repeat business thus creating a customer-friendly environment.

• Seasonal Promotion Management: Tailored offers can be made to customers in the trendy sportswear consumer market where customer preference is on trend.

Multiable ERP: A Complete Retail Ecosystem

In the era of interconnection, integration rules. Multiable ERP fosters real-time integration with major platforms like Shopify and Amazon to streamline the gap online and retail stores thus connecting market and customers. Recognized as an ASR+ software supplier by Singapore’s IRAS, Multiable is perfectly positioned to help retailers align their e-commerce strategies to meet legal requirements. The ability to operate smoothly across different channels is groundbreaking for sportswear retailers.

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.