Penang’s Sportswear Retail Industry – Facing One in a Million Challenges

The people were surprised to see that Penang is a great model of Malaysia. The sportswear industry has its own unique challenges that distinguish it from other industry sectors on the island. Reports show that the alliance of health consciousness and fashion is the major part of a sportswear movement in this region which is deeply changing the local lifestyle. Although there is a high growth rate expected, this sector has unique challenges that are different from the other sectors.

Partial and Shared Problems in Sportswear Retail

Although the sector is in good demand, the sportswear segment in Penang is facing some issues that are rather strange. The quick-paced fashion changes that are characteristic in sportswear make the inventory management difficult at some stages. Basically, retailers needed social media ads, for speedy buys and also a well-designed stock management system. Another problem faced is extensive product differentiation while this has been happening retailers must-have products from different brands. Additionally, the combination of functional technicality with models which are mainly esthetical complicates the design and manufacturing process.

Still, the same problems that are more common throughout the rest of the industries that sportswear retailers must deal with too. For instance, the rise of e-commerce is the drive that brands have to embrace to provide online and offline experiences to consumers in almost an undetectable way. On the other hand, the lack of workforce and the high quitting rates on the retail side are serious barriers to customer service which are uniform across the industrial sectors.

The Function of POS System in Handling Retail Problems

In this sector, the right implementation of point disease of sales (POS) systems could lead to retailers becoming the light of hope success in Penang, Malaysia. The POS system is the central retail management system supporting almost all channels, including inventory management through real-time tracking and analytic capabilities. Thus, traditional retail and e-commerce systems operate together rather than individually, and they add the single inventory, thus, the risk of stockout or overstocks is mitigated.

Furthermore, a POS system is very efficient when it comes to making customer experience easier, for example, it links with a membership program where they get special offers. It also has the ability to run transactions more quickly. Automation and real-time data enable the firms to be on the point with the decision-making process. Additionally, the possibilities for the POS systems to change along with the consumer trends and technology advances are the room, and the freedom the retailers have been looking for.

The Downing of a Successful POS Implementation

For retailers to take advantage of all the benefits that a POS system has, they have to go through some guidelines and accept thorough implementation. The primary concern for firms should be to ensure proper integration of their POS system with financial and e-commerce platforms at the very beginning. The most effective training the staff receives to learn to operate the POS through the interaction of the workers and customers. They need to be trained adequately so that they can extend a better customer service and be more efficient. Besides, each of the retailers should take care of one step, such as data security, meaning all the system should have an encryption protocol to protect the customer data and in that way build trust with customers.

Elements of Multiable aiM18 POS System

The Multiable aiM18 POS system will be helping retail sportswear businesses in Penang Malaysia with many different features:

• Chain Store Management: This is the mechanism that allows for overall management of the entire chain regardless of the number of stores running.

• Price Robot: This is a dynamically scalable solution that allows retail businesses to implement the dynamic pricing strategy successfully.

• Cross Brand/Shop VIP Management: This gives a boost in making customers’ friendly and personal experiences that the different websites are intended to deliver if accepted by brand cross-promotion.

• Automatic Logistics Service Provider (LSP) Selection by A.I.: This is an A.I. technique which picks the best logistics from the provider for a better online shopping experience.

• Real-time Integration of Product Database: This feature ensures that inventory is the same on all e-commerce, ERP, and POS platforms, so that the operation is uninterrupted.

The Power of Multiable ERP

Integration of Multiable ERP with e-commerce platforms such as Shopify, Amazon, and Lazada is a very quick and easy way for sportswear retailers in Penang, Malaysia. This solution is the Multiable ERP software vendor which is IRAS approved and ASR+ s, providing a full bag of stock, and ensuring compliance.

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.