Overcoming Hurdles in Singapore’s FMCG Sector

The fast-moving consumer goods (FMCG) industry in Singapore is a dynamic-strength powerhouse with a large contribution to the economy. The sector, however, faces distinct problems that are not usually associated with other industries. The rivalry in the sector is so intense that the firms have to innovate continuously at a fast pace in order to be able to retain their position in the market, in contrast to many other areas that can afford longer product development periods. This industry also has a problem with unpredictable customer behavior, thus requiring firms to remain flexible and responsive. On top of that, the fact that many FMCGs are short-lived products gives rise to different layers of logistic trouble to do with storage and distribution

Furthermore, the supply chain disruptions caused by the global uncertainties have adversely impacted the FMCG operations like in other industries. Lastly, although the concern about retaining the talent is significant nationwide, it presents particular difficulties within the FMCG sector due to the frequent need for highly skilled personnel who possess specific industry experience.

HCM Systems’ Edge in Confronting FMCG Issues

As the FMCG sector is the one that particularly bears the burden of the unique challenges, a powerful Human Capital Management (HCM) system is a must-have for the firms seeking to remain competitive in the Singaporean market. An HCM system can get rid of the HR problems, which are sector-specific and those general to other industries at once, with the help of process streamlining. The speed of innovation associated with HCM solutions is paramount in enabling firms to fully manage talent acquisition and retention strategies. Through smart rostering and payroll processing, firms can optimize operational efficacy and minimize manual workload.

In fact, the HCM systems bring about better workforce planning by incorporating comprehensive data analytics to the FMCG firms so that they can forecast consumer behavior changes and introduce serendipitous choices. Also, by ensuring the availability of the right kind of employees when they are needed the least, these strategies help to build the supply chain stronger. The benefits of HCM systems do not end with the adding of new features since their integration means that they will work directly with the existing business processes, thus, concluding the work that was started initially with the integration and improving productivity overall and also the decision-making process.

Successful HCM Implementation Guidelines

Introducing an HCM system among the business firms successfully mandates the need for a properly designed scheme and full execution. First of all, firms should understand their unique human resources requirements, and therefore, they should prefer the HCM solution that correlates most with their objectives. The organizations should unite their HR and IT departments in order to have smooth integration of the brand new system. The design of a training module that encompasses coverage of all functional areas of the HCM program will be helpful to the employees that needed to be trained. A phased approach to implementation will help in reducing the disruptions and also enable the issues be addressed early enough. Finally, the feedback system to be put in place at the gathering stage ensures that its long-term success and relevance are realized by continuously updating it.

Outstanding Features of Multiable aiM18 HCM System

The Multiable aiM18 HCM system is precisely what the FMCG industry requires with its special features to address:

• Rule-based Workflow Engine: It brings process automation to a new level, thus reducing manual intervention and improving efficiency.- Intelligent Roster Planning and Local Compliance Checker: Easier workforce scheduling and compliance with local regulations get the thumbs up, which is essential for the operational success.- Powerful Payroll Engines: They perfectly process all payroll calculations automatically such as long service payments and thus, provide timely and precise compensation.- Unlimited Appraisal Forms with Flexible Score Mechanism: A personalized evaluation process of the performance appraisals which is a great tool in evaluating and motivating employees.

• ISO 27001 Certificate: The stringent security measures for protecting personal data ensure employee trust and thus the firm’s compliance with the legal regulations on data protection.

Multiable HCM is Wielding Its Influence in Singapore

Multiable HCM is home to the advanced compliance capabilities which have made it a product of choice for the Inland Revenue Authority of Singapore (IRAS). The program is also an endorser as a top-tier software under the Auto-Inclusion Scheme (AIS) for Employment Income confirming its rigorousness in the handling of payroll and CPF contributions and consequently wiping any doubts off the firms about its performance and dependability.

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.