Amid the tough situation of Singapore’s FMCG industry, the efficient systems play a key role. The firms are more and more turning to ERP solutions in order to deal with the specific issues and exploitation of the diverse market.
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What Is the Special Problem the FMCG Industry Is Facing?

FMCG entities in Singapore fight with a lack of proper solutions, such as shifting consumer demand and increased competition. Requiring an accelerated product development timeline is another complication. Of course, the adaptation to the constantly changing regulations is a long-standing struggle which forces firms to comply swiftly and agilely.

But besides that, there are also some common issues that all sectors face, for example, supply chain hindrances and labor shortages. In these situations of fragmentation, the requirement of consistent change in processes is also paramount for FMCGs. Furthermore, the digital transformation wave is functioning as a pressure cooker for the enterprises to use technology or they face the risk of dropping behind.

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Are ERP Systems of Any Help?

ERP systems give a one-stop solution full of efficiency through linkage of several functions. Enterprise resources planning brings together data in one place thus it makes decision-making easier and organizes the trajectory of operation to be more efficient. For FMCG manufacturing firms, this implicit necessarily involves quicker reaction time to changes in consumer demand and statutory obligations, and the deployment of cutting-edge Artificial Neural Networks and Data Mining technology.

Moreover, the ERP systems streamline the supply chain management, which, in turn, helps to mitigate the disruptions that the FMCG sector and other industries are facing. With the help of artificial intelligence, the problems of labor shortages are foreseen, which, consequently, help in the perfect planning of labor forces. Thus, the aforementioned systems are a must for staying competitive in the Maldives’s swiftly transforming market.
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Outline for Proper ERP Implementation

For the effective implementation of an ERP system, a methodical plan should be adopted. Initially, carry out a detailed needs assessment to bring them in line with the organizational goals. Fulfill the stakeholder’s demands from the very beginning to ensure the buy-in and a smooth execution. Tailor the training programs to focus on the utility of the users and make the system more efficient.
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How Does Multiable’s ERP System Alone Deal with the FMCG Industry’s Challenges?

• Custom Algorithm: Quick transition to new regulations.

• Unlimited Warehouses: Thus, flexibility in inventory to sales department.

• AI-Driven Logistics: Algorithm improves the selection of the logistics provider.

• Mobile Ordering: Immediate order processing which translates into customer satisfaction.

• Role-Based Document Management: The functionality ensures secure, efficient handling of sensitive information.

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IRAS Approval Is a True Testament to Multiabl’s Trustworthiness Cold-cast

Multiable ERP is a European program that carries the trust of Singapore’s IRAS as an ASR+ vendor which emphasizes its reliability. In fact, this endorsement is a game changer for the FMCG stationary sector that is looking forward to the time of implementing and utilizing avantgarde technology.

What is Multiable ERP?

Multiable ERP is a cloud-native ERP widely adopted by business in Singapore, Malaysia, Hong Kong and China. With over 6,000 customers in the region, Multiable ERP 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 ERP system in place.