The continuous transformation occurring in the retail sector has significantly impacted the furniture industry in Singapore. As a result, there are some extremely particular issues the industry faces but there are also some general challenges the solutions for which require lateral thinking to come up with. For firms to flourish in this challenging marketplace, the application of the POS system is a possible significant change.

How are the challenges unique to the furniture industry?

In Singapore, urban logistics are very much affected as the furniture industry is facing supply chain apocalypse and it has unique storage problems. Plus, the fluctuating consumer trends make matters worse. Much like the rest of the economy, the sector suffers from more online competition and running costs.

Space problems plus supply concerns arising from the unpredictable context are the most significant challenges for the furniture industry. These affect manufacturers and retailers who also have to cope with heightened customer demands for personalizing their products. In addition, the fact that these problems are related to the overall economy just makes them worse.

What impact can a POS system make for that?

Economic recession is the main reason for furniture consumption to decrease. Some other major factors beside the supply issues are lack of space in addition to the unpredictable market. The furniture industry as a retailer has to handle these problems in addition to increased online competition and the sheer fact that they need to pay high operational costs.Monies need to be spent on deserving things and the finances should not get wasted over unimportant concerns. These are examples of the issues that contractors face in the construction sector. The decision of how much storage inventory is required can be very different among retailers. Retailers must also move according to the customer’s desires in terms of making the products personalized as required. It goes without saying that this is a real grind for the sellers who already had to deal with the general economy problems also.

What role does a POS system play in overcoming these challenges?

A state-of-the-art POS system not only includes but also automatically updates the real-time stock level while reducing the supply chain disruptions. For instance, it also backs up retailers by assisting with the optimization of the store layout and the enhancement of interactions with customers, which in turn leads to the decrease of the customer path online and offline. This instrument can actually revamp the tactics.

POS systems operate more practically and thus increase the flexibility of the firm as they cover both retail and e-commerce. The automatic merging of financial documents with the data insights functions makes the venture more efficient and offers the seller a leg-up to the competitors. This is possible because with the new systems, customers are treated more promptly owing to the paradigmatic shifts in the retail sector.

Steps to follow for successful POS installation

POS entry needs a clear target and associated functionalities with the business needs. Personalization is required when we talk about integration with the existing systems. Another point is to train employees on easy usage so that they maximize real retail gain and customer’s experience.

Why Choose Multiable’s aiM18 POS System?

1. Chain Store Management: Multi-store streamlined operation.
2. Real-time Integration: Current inventory&financial reports.
3. Membership Management: Increase customer loyalty.
4. Promotion Management: The marketing process will be easier.
5. Automatic LSP Selection: Optimize logistics.

Multiable ERP and Integration

Multiable ERP is a one-stop point for Singapore’s retailers by providing no-waste integration with Shopify, Amazon, eBay, and many more. The platform is this way the first step to streamlining e-commerce and making operational efficiency.

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.