In the rapid-growing biotechnology sector, Singapore firms encounter their industry-specific challenges and also those similar to other sectors, and these challenges usually require bespoke solutions. An excellent method of overcoming some of these problems is the integration of Point-of-Sales (POS) systems.

What challenges are biotech firms in Singapore facing nowadays?

Biotech firms have particular issues such as the need to meet very stringent regulatory standards and the long duration research they need to conduct. Furthermore, the shortage of finances and skilled workforce are two more hindrances that firms have to encounter. In contrast to the different industries, these types of problems are not usually faced by other sectors due to the exceptional character of biotechnology technology.

Yet, harm such as data security, competing globally, and the demand for integrated retail systems are all seen in both biotech and retailer industries, among other sectors. Equally, the common challenges aforementioned prove the necessity of the effective integrations in Singapore which is a hub for many businesses.

How does a POS system solve these issues?

By integrating a powerful POS solution in the biotech sector, it will lead to a great deal of validation. POS prevents the data from any unwanted access through encrypted databases, which is great to protect the sensitive data from being seen by unwanted parties. In addition, good retail management allows the firms to treat the inventory and the customer well, which are the two most important aspects for firm survival.

Of course, the point-of-sale technology brings higher operational efficiency. The real-time connection of product and financial databases centralizes the data to give a broad decision-making spectrum situation between all the departments. Therefore, these kinds of systems eliminate wasted efforts, thus saving costs and simplifying processes.

How to implement POS effectively

To enjoy the advantages of POS application, the firms in the biotechnology field should start by identifying clear goals, ensuring that staff undergo training, and keeping the system updated regularly. By adopting these measures, retailers and biotech firms become more efficient and have the ability to pursue growth that is sustainable.

Why choose Multiable’s aiM18 POS system in the case of biotech challenges?

• Real-time integration: The linking of product and financial databases function without hiccups, thus, oversight is improved.

• Membership Management: A way of creating customer interaction techniques for improved customer loyalty.

• Automatic LSP Selection: The distribution of products is made more efficient through this option.

• Custom Business Flow: It brings the advantage of modifying processes without needing to program.

• Chain Store Management: This makes it easy to manage multi-locations coherently.

Join major platforms for integration

By linking Multiable ERP with Shopify, Amazon, and some other platforms, biotechs and retail firms can experience respective benefits, such as a broader sales channel and seamless e-commerce integration in Singapore. 

Finding the right deal with POS systems

The full potential of the POS system could or even should be conquered by those firms which are in biotech and retail sectors in Singapore, leading to the above-mentioned sectors to operate in a more modern way. Smart integration addresses the operational issues and also positions businesses to resilient ones and success.

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.