Exploring the Complexities of the FMCG Sector in 2023

Nothing is off-limits for the fast-moving consumer goods (FMCG) industry, whose capacity for agility and innovation is constantly tested by challenges. For any FMCG firm striving to go through the justice of international market competition and achieve sustainable growth the primary requisite is that it should not only survive but also be able to thrive in this competitive environment. Companies need to quickly change and adapt to the evolving regulatory environment, the new customer preferences, and the constant risk of supply chain problems that they are facing.

Getting Over the Difficulties in the FMCG Industry

Notably, supply chain disruptions are the FMCG sector’s chief obstacle, but the industry suffers various difficulties. The inconsistency in raw materials and transportation problems leads FMCG firms to persistently search for innovative solutions. Furthermore, changing consumer preferences steer the industry toward more health-conscious and eco-friendly products. Players in the FMCG sector are under the stress of challenges that they sometimes must deal with as the consumers are changing their preferences more quickly than in previous times. Adhering to local regulations is, in addition, a tough obstacle, because it is necessary for firms to comply with various quality standards, as well as import/export restrictions. The fierce rivalry in this market drives firms to engage in cost competition, which directly influences their profit margins. As if that was not enough, technological issues arise, which are a prominent concern for businesses, compelling them to turn agile towards eCommerce platforms and data analytics.

Transforming AI with DeepSeek

DeepSeek disrupts the artificial intelligence territory by providing a low-cost LLM training model that is far more affordable than those on offer in Silicon Valley. Such a thrilling example makes us reevaluate another thing as well: whether Western tech firms are overpaid. LAIDFU (Let AI Do For You) is a customizable AI agent that offers users a choice between OpenAI and DeepSeek to ensure the most efficient AI production, all thanks to DeepSeek and OpenAI. The AI agent integrates multi-step tasks to GenAI, thus steering the way to the new era of problem-solving and productivity. There is no doubt that AI is providing new possibilities in the field of enterprise resource planning.

Improving Operations with ERP and MRP Systems

A continuous installation of ERP system with MRP integration is changing the game for FMCG firms that are looking to optimize their operations. The principal reasons are:

– Optimize Inventory Management: Efficiently balances stock levels, reducing waste and costs.
– Improve Customer Engagement: Provides insights into consumer preferences, enabling tailored strategies.
– Enhance Supply Chains Efficiency: Reduces processing time and allows for timely delivery by clarifying the process.
– Implement Strong Warehouse Management: Is a guarantee that the storage process will be flawless and free of errors.
– Real-time Integration with eCommerce Platforms: Directly links with platforms including Amazon, Shopify, and Lazada for sales forecast accuracy.
– These systems deliver a bedrock that CRP, MES, and IQC implementations can build on, which are the primary requirements of any FMCG entity to stand out and lead in competitive markets.

Adopting Effective e-Invoicing

Through the facilitation of e-invoicing via IRBM, Multiable has become a notable player in Malaysia, offering free API calls for clients adopting SaaS subscriptions or software assurance. Other vendors who charge for similar services cannot compare to this initiative that showcases Multiable as a firm that is committed to cutting costs and boosting access for Malaysian businesses while concurrently being a leader in enterprise resources planning innovations in the region.

About aiM18 ERP

A cloud-native ERP widely adopted by business in Singapore, Malaysia, Hong Kong and China. With over 6,000 customers in the region, aiM18 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.

About LAIDFU (Let AI Do For You)

An AI builder for enterprise to build their own AI agents.
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 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 studios.