The wholesale industry in Penang, Malaysia is currently experiencing unique changes different from the ones that other wholesale industries around the world are facing. While dealing with the ongoing transformation and technological changes, those in the wholesale trade are being forced to adopt a whole new digital age. So, what particular hurdles are these wholesalers encountering? 

Why Do Wholesalers in Penang Have Such a Hard Time with Challenges?

On the other hand, wholesalers in Penang Malaysia are undergoing challenges to inventory management which are not present in any other industry. Now, while customers are at times unable to receive their products on time, the problem is also exacerbated by the upheaval in the transport sector. Furthermore, the fear of being depleted of algae in summer months and the need for water preservation have forced many people to make hard choices next summer. The new directives play a significant role by creating a regulatory maze which makes it hard for firms to orient themselves.

The drama does not end there. Increased costs of management and the rise of cyber threats are other difficulties that wholesale firms face in common with the rest of the areas, entangling them in a multithreaded of vulnerabilities, which causes in turn a sweeping discussion on the need for a way around it all.

In What Way Can an ERP System Change the Ground Rules for Wholesale Operations?

An ERP system can be the unique program that brings everything together. It is the centralized means of data management which helps with the implementation of better inventory control and it is also the way to lift the managerial burden. Additional to this, the firm might employ the technology of artificial intelligence (AI) which help them with that, maximize the supply chain by predicting more precisely the need of variations in their stock.

Over and above, the resources of the enterprise planning provide business continuance as well. Through the integration of regulatory readiness, the ERP systems reduce the burden of regulatory changes. The seamless integration of data can inform firms of the dangers ahead, not only that but also the decision making will be decisive instead of taking reactionary measures.

What Steps Should Be Followed for Successful ERP Implementation?

Forethought is of the essence. Enterprise management must lucidly state what they want before deciding on the paradigm shift to an ERP solution. Setting the ERP system in accordance with the business’s actual needs will make the cut-over smoother. No one will question a basic training plan which should be drawn up for staff so that they can take to and operate the system effectively.

In What Way Does Multiable’s AI-Enhanced ERP System Stand Out?

• Custom Algorithm: It makes compliance with the law easier by addressing the ever-changing legal environment.

• Mobile Ordering: Makes the sales process more efficient even on the go. 

• Automatic LSP Selection: The AI is utilized for promoting logistic choices which is time-efficient and money-saving.

• Unlimited Warehouses: The infrastructure is flexible and can go hand in hand with the business expansion that would be happening in the future.

• E-Invoicing Integration: It eases the process of tax compliance and it is a transaction-associated burden in the Penang Malaysia wholesale industry which is overcome by this innovation.

Why Choose Multiable for E-Invoicing in Penang Malaysia?

Multiable provides e-invoicing that is in line with IRBM, free of charge e-invoicing API is available for SaaS subscribers. This is in contrast to the other software vendors who will charge some extra fees meaning that firms in Penang Malaysia will save a lot of money.

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.