Navigating Unique Challenges: Why Is the Pharmaceutical Industry Different?

The pharmaceutical industry in Singapore meets the obstacles that no other industry faces. The regulatory compliance, demoralizingly long R&D cycles, and the danger of patent expiries contribute to strikingly singular challenges. Unlike others, the pharmaceutical sector calls for focused safety standards. The high stakes make errors very expensive. Besides, just like pharmacy stores, both pharma and other businesses also experience supply chain interruptions and staff shortages.

How Can a POS System Alleviate Industry Challenges?

In fact, POS systems introduce accuracy in pharmaceutical challenges. They usually facilitate the processes of inventory management, therefore, lighten the burden of regulation adhere. Retailers benefit by optimizing the customer experience through faster transactions and better post-sale support, which is crucial for pharmacy outlets.

POS systems, needless to mention, are efficient in point-of-sales and compliance errors negligible, thus, they are essential for pharma firms. They generate data for customers to use in making more accurate forecasts. As a result, both retail and pharmaceutical sectors’ necessities are fulfilled. POS integration creates a base for the real-time decision-making, it is crucial for the firm’s strategies to be resilient to the disruptions in supply chains.

Successful POS Implementation: What Are the Guidelines?

The structured approach ensures successful POS implementation in pharmaceutical firms. Post training should be prioritized to increase employee engagement. The integration of POS with existing systems such as ERP allows for uninterrupted operations. The POS must be tailored to your regulations, thus, adaptability is of paramount importance.

Why Choose Multiable aiM18 POS for Pharmaceutical Needs?

• Encrypted Membership Database: This feature makes sure the patient data is kept confidential.

• Real-Time Finance Integration: This feature aids in making efficient financial decisions in a short time frame.

• Stored Value Card Management: With stored value card management, pharmacy retailers can run promotions and build customer loyalty quickly.

• Automatic LSP Selection by A.I.: This feature helps to manage the supply chain efficiently through the selection of the right LSPs automatically.

• Real-Time Integration with ERP: This feature incorporates the operational data on both channels.

Growing Globally with Multiable ERP

Multiable ERP\’s real-time integration with platforms such as Shopify and Amazon, which are certified now as the ASR+ software vendor by IRAS, helps Singapore retailers unlock the global market. Retail now becomes more flexible and effective.

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.