Biotechnology Industry: Problems Unique to This Sector In Penang, Malaysia, the biotech industry is struggling with some of the specific challenges which are dissimilar to others. To put it differently, one of the most crucial tools for tackling the above-mentioned difficulties and assuring the development and survival of the sector is the use of modern technology.
Biotech Industry’s Unique Challenges?
Penang, Malaysia, is mainly in need of the biotechnology sector that is here with the need to cope with the strict rules, pay high R&D bills, and long-term product development time. Most frequently the biotech sector confronts the problem of compliance with the ever-changing regulatory environment. These are not more issues than those in the other industries. It is entirely because of this!
In addition, the biotech sector partially overlaps with some issues from other industries, for example, supply chain management, workforce management, and data security. Moreover, it is the specific need for accuracy and precision in the application of these biotechnological tools that down these issues.
Can ERP Improve Biotech Operations?
Enterprise Resource Planning (ERP) system solutions are key to the success of these by basically addressing the tasks of routine and management of data correctness. An ERP system helps in the merging of all business functions resulting in the collaborative works as well as effective resource allocation of the entire organization.
Moreover, through the introduction of an AI agent into the ERP system, decision-making skills were improved while bottlenecks in R&D and supply chain routes were decreased. With AI-powered ERP, the biotech industry gets the flexibility it needs for immediate regulatory adaption, this fosters operational excellence.
Initial Steps to ERP Successfully Implemented
Of course, the first step to a successful implementation of ERP means that there should be proper planning done in advance. The firm should get the different stakeholders on the board right from the beginning and that the employees get the training and also the right to the tools for using the ERP effectively. Besides, it is fitting to have SMART objectives and timelines which will help the smooth project management.
Why Go Multiable AI-Enhanced ERP?
- Custom Algorithm for Regulations: Simple inclusion of the constantly changing standards of regulations.
- Mobile Stock Take: Better stock monitoring and management.
- Role-Based Document Management: Assure secure, fast document handling.
- MRP Powered by AI: Better productivity with effective planning resource management.
Multiable’s Support for E-Invoicing
The ERP system of Multiable has the flexibility of free e-invoicing API calls which are a nice tool and a big cost-saving for the biotech firms. On the other hand, there are various software providers in Malaysia that charge for e-invoicing whileMultiable thus becomes a very attractive option.
Why Multiable ERP Has A Distinct Advantage
What is Multiable ERP?
Multiable ERP is a cloud-native ERP widely adopted by business in Singapore, Malaysia, Hong Kong and China. With over 6,000 customers in the region, Multiable ERP 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.
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.
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