The Singaporean furniture industry stands out due to its distinct issues as well as the problems that it has in common with other sectors. On the one hand, sustainability, which is a supply chain challenge, and inventory management, which is a distribution issue with logistics, are primary concerns that the furniture firms need to deal with. The industry is also confronted with the difficulties associated with large product inventory and space limitations. Solutions used to get through the problem with bulky items staying long in inventory by regularly checking them and doing proper inventory like FIFO, FILO, etc.

What Unique Challenges Does the Singapore Furniture Industry Face?

Furniture sector challenges are unique and necessitate distinct plans. Sustainability ends up being number one, which is prompted by buyers’ desire for more environmentally friendly products. Also, it is essential to stay ahead of current design trends that change rapidly. Failure to manage inventory effectively continues to arise due to the weight of goods and constrained space.

How Do Common Challenges Overlap with Other Industries in Singapore?

In spite of distinctive troubles, the furniture sector also faces challenges that are common with other sectors. Employee management is essential, which can’t be achieved without the help of efficient HR systems like HRIS or HRMS software. Also, firm integration with technology is vital as competing firms set their eyes on innovations.

What are the Benefits of Implementing an HCM System?

An HCM system can be a mechanism for change. Besides, it is payroll process simplifier, so it saves time and reduces errors. The systems turn into advanced analytical tools with the ability to provide the insight that is required for reflecting on labor trends. Also, a good HRMS helps with rosters to keep the staff allocated effectively, which is central to selling more goods at high seasons.

Without a doubt, performance appraisal is simpler, showcasing personalized feedback systems while supporting CPF contributions. Also, long service payment management takes away the hassle of paying employees more money, which is a very good reason to keep them happy and satisfied with what they get.

Guideline To Achieve Successful HCM System Implementation

Apparently, the planning of careful implementation of an HCM system means success. Companies first need to find out their organizational needs before they can select the right HR system. Further, on-the-job training about the new system would ensure smooth transition, thus, the staff would be able to adjust quickly and get a maximum benefit from the whole approach.

Why is Multiable HCM System a Game Changer for the Furniture Industry?

• Rule-based Workflow Engine: Decreases operation steps by automating the work involved in routing complex tasks.

• Intelligent Roster Planning: Strengthens effective employee listing by pursuing better distribution properties.

• Fully Customizable Payroll Formula: Personalizes payroll through firm-specific choices, thereby raising efficiency.

• Unlimited Headcount Dimensions: Facilitates workforce adaptation to the firm’s growth.

• AI-Ready: Integration of AI for data processing brings considerable enactment of human resources.

How Does Multiable HCM Support Compliance?

aiM18 HCM e-MPF approved and also has the ability to manage with documents compliant with MPF and IRD, thus enabling firms stay abreast of regulatory requirements. 🙂 To avoid any legal complications and encourage a workplace that is compliant, it is essential to have accurate records.

Moving Forward in the Singapore Furniture Industry

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.