Mastering the Craft of the Toy Industry in Singapore

Which Problems Does the Toy Industry Encounter in Singapore?

The toy industry in Singapore has specific issues that other industries do not face. The continual need for creative ideas and the ability to comply with child safety standards are two major worries. Also, the crucial thing is for vendors to catch up with the fast-moving consumer preferences, which is a must.

Because of the cyclical nature of demand, effective inventory management is also a problem rooted in such issues. Additionally, competitive pricing exists not only in the toy industry, but also in other markets within Singapore. To be honest, the above-mentioned problems are the outcome of the necessity of strategic resolutions developed at the level of daily activities.

How Can POS Systems Help in Overcoming Industry Issues?

It is evident that the very first step must be the integration of a sturdy POS system. The real-time inventory tracking system addresses the issue of under-stock or over-stock by matching the stock-level with customer requirements and thus helps improve cash flow. Also, the advanced data analytics have given retailers the ability to see invisible consuming patterns and tailor the marketing strategies to be more effective in a specific way.

Shorter transaction times also drive up customer satisfaction and speed up the checkout process. The integrated loyalty systems give bonus points for the frequent customers visiting the shop again. This helps to cut the amount of manual errors significantly, thus increasing the efficiency of the firm. In addition to the accurate sales reports, the retailers will also have the possibility of employing systematic solutions for business problems.

Tips for Uninterrupted POS Implementation

The successful establishment of POS is going to need an outline of a thorough plan. The first step will be to identify the particular needs of the organization and then create a match with the technology that is available. Key staff training will be a crucial element in ensuring that this goes off without a hitch. Moreover, getting the help of a supplier with experience can turn out to be the way to go.

Why Use Multiable’s aiM18 POS System in Toys Retail?

• Chain Store Management: Standardize the system across multiple locations.

• Promotion Management: Make use of seasonal and special birthday sales to increase business.

• Real-time Integration: Effortlessly sync the product database across e-commerce and sales point channels.

• Membership Management: Speed up the loyalty growth by strong membership features.

• Auto Logistics Selection: With the help of AI, logistics will be less of a hassle through automated trader picks.

Multiable ERP Integration with Top E-commerce Platforms

The platform of Multiable ERP is providing the integration which can be easily realized with the primary platforms like Shopify, Amazon, and Lazada. This is all backed by IRAS recognition as an ASR+ vendor of the software, making sure the toy dealers in Singapore can maintain their levels of efficiency and effectiveness across marketplaces.

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.