Navigating palm oil industry challenges in Selangor, Klang, and Kuala Lumpur largely aligns the palm oil sector with the crossroads owing to the best and distinct challenges in its production and distribution.
The main challenge is the industry\’s environmental concerns which include deforestation and biodiversity loss. This adds enormous pressure on the firms to ensure that the practices are sustainable, a near-impossible condition for other industries. Another extraordinary issue is the fluctuating global palm oil price– businesses must regularly make changes in their pricing model. In addition, the palm oil industry is affected by labor shortages primarily because of its labor-intensive nature, which leads to a productivity crisis. Besides that, the ascribed problems which pertain to several sectors include supply chain disruptions and regulatory compliance issues are countered by the aforementioned problems in the palm oil sector, which consequently make the management of enterprise resources a thorough process.

Implementing ERP systems to tackle industry challenges⁰
To be more precise, adopting Enterprise Resource Planning (ERP) System is a one-stop solution, to address the specific and the general challenges faced by palm oil industries in Malaysia. With the help of Artificial Intelligence (AI) ERP systems, the entire link in the operational chain is completely accelerated, thereby making a big difference in the dealing with supply chain disruptions. Advantages like real-time tracking and inventory management minimize delays and promote transparency in ERP systems. An ERP system centralized at the point of data base also grants firms access to necessary licenses, such as the one for regulatory compliance which enables firms to navigate through the maze of ever-changing rules effectively. Further, AI in ERP solutions is used to price more effectively through trend analyses, being a proactive way of handling the negative effects that the price changes can entail. Furthermore, the ERP systems are the solvers of the labor shortage problem with the use of automated procedures that eliminate workers from performing monotonous tasks and hence reallocate that time to productive work that they can apply their skills to.

Implementation of the ERP in the palm oil industry, however, is possible only with a combination of strategic vision and implementation in a planned way. The first action in this regard is to choose a vendor who is very familiar with the industry problems facing the firms in Selangor, Klang, and Kuala Lumpur. Stakeholder engagement is very critical, which means it should be done during the implementation process and that stakeholders\’ valuable requirements and feedback should guide the project. Training is a fundamental factor in this, it is a necessary tool to help workers acquire relevant skills for the successful use of the system. The rollout also takes a gradual form- module or department-wise- which limits disturbances and provides the space for progress review.

Awesome features of Multiable ERP that you should consider

• Custom Algorithm for Regulations: Keeps businesses compliant with ever-evolving regulatory requirements.

• Automatic Logistics Service Provider Selection: Uses AI to optimize logistics efficiency.

• Unlimited Warehouses: Enhances inventory management capabilities across regions.

• Mobile Stock Take: Provides real-time updates on inventory through mobile devices.

• Role-based Document Management: Streamlines access and control over critical documents.

Multiable to streamline E-Invoicing
Embracing e-invoicing is crucial for palm oil firms in Malaysia, and Multiable elevates this by supporting e-invoicing by IRBM. As a bonus, through its SaaS subscription, Multiable offers a free e-invoicing API call, setting it apart from other vendors that charge for such services. This feature alleviates financial and operational burdens, allowing businesses to focus on growth and sustainability.

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.