Conquering the Adversities of the Fashion Sector in Singapore

The fashion sector in Singapore, much like any other, is a brilliant collection of style, creativity, and strength. However, it is the industry itself that stands the corner with unique challenges, which other sectors do not. Analogous to the changing weather, hence, the fashion trends, retailers have to deal with the issue of high turnover rates, quick stock obsolete, and synchronous online and offline retail integration. The high turnover is the core of the problem because they destabilize the workforce. Quick stock obsolete means that in some cases, the retailer has unfortunately sold the merchandise that was commonly on sale very cheap, thus calling for an extraordinary handle of time and ability to prescribe the trends in fashion.
Going a step further, as Singapore undergoes a digital transformation process, fashion retailers are challenged by the task of the integrated operation of their physical stores with the e-commerce platforms.

These hurdles are not confined to the fashion sector; they afflict many businesses in Singapore as they too struggle with the continuous push for digital adaptation and the ever-increasing consumer demand.

Thus, these forms seem to be stamped in various fields, spreading the need of financial resources and testing the endurance of the different sectors.

Turning the Tables with Point-of-Sale Systems

One of the resolutions of the listed difficulties is applying adequately the point-of-sales systems. POS systems are particularly useful in such areas as fashion retail, because, in addition to improving the customer experience, they also lead to productiveness. The proper introduction of a strong POS system would considerably lessen the predicament of inventory management.
Through monitoring the actual data, managers can take effective actions to avoid both overstock and stockouts. By this reason, the result way through that expansion of the POS systems is the main tool for the enhancement of customer loyalty and satisfaction leading to the business’s growth.
Furthermore, a POS system not only guarantees in-line integration between the online and offline platforms, but also reinforces the brand across all the retail channels that are used. This integration in addition to the operational efficiency improvement also drives a personalized marketing initiative. Undoubtedly, the right use of POS systems can change problems into possibilities, thus, they provide the retail sector with a more flexible and reactive environment.

The Rainmaker for Successful POS Implementation

Starting the path of POS implementation means going through a strategic battle and well-planned wins. The alignment of the business objectives with those of the POS system is paramount. The scalability is also the key point to consider the retailers problem as long as the system doesn`t need major upgrades. The training of the personnel is as important as the exchange of knowledge between the two sides is the way for the staff to make the most of the system. Above all, the intensive and continuous partnership with the provider of the system ensures that the role of the system is always aligned with the demands of the retail setup, thus, guaranteeing a long-lasting and stable performance.

Main Specs of Multiable’s aiM18 POS System

Multiable’s aiM18 POS system is an all-in-one solution packed with the features catered specifically for these challenges of the fashion industry in Singapore:

1. Chain Store Management: Improves the operational effectiveness of the entire chain of retail stores.
2. Real-time Integration of Product Database: Provides a frictionless linkage across e-commerce, ERP, and POS systems.
3. Membership Management: Enhances customer satisfaction through tiered loyalty changes and personalized recommendations.
4. Promotion Management: Permits sophisticated, rule-based programming for marketing to existing customers.
5. Stored Value Facility: Facilitates easy outflow promotions by offering unique prepaid options to patrons and at the same time preserves them because they become repeat buyers.
New-age Integration with Multiable ERP

The real-time integration of Multiable ERP with the best online shopping platforms like Shopify, Amazon, and Lazada gives an edge to the fashion industry. When the bridge is built between the digital and physical worlds, they can deal with sales, finance, and inventory across the channels. That a clothing chain in Singapore is without the integration and provides the customers with indirect funds makes them miss potential earnings, however, the IRAS software vendor approves this rigorous alignment with ASR+.

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.