Trading is a business where businesses sell different forms of goods and service-based products to customers in small or large amounts. Today, companies mainly specialize in a specific type of product and sell them both to businesses (B2B) and individual customers (B2C). The companies can vary in size, and some are run by just one person. The customers can be big retailers or small shops.

In this information age, access to valuable data is essential for success. Regardless of the type or size of your business, ERP software could prove to be beneficial. ERP software not only collects information but it also translates this data into useful knowledge, which can be used to convert the company’s quotations into successful sales orders.

Trading businesses serve as the middlemen between manufacturers or suppliers and end customers. They deal in a specific category of goods or one type of good, which benefits them directly. Logistics and distribution management are key factors in the success of any trading business in Singapore. The traditional way to manage the sales of these goods is very hectic and tedious. ERP software can help companies manage their logistics and distribution in a more efficient manner. With the use of ERP software, these processes can be automated and better managed.

When choosing an ERP system for your trading business, it’s important to evaluate the service providers that will deliver their products. ERP vendors may have different specialties, strengths and weaknesses. For example, some are better at service than implementation while others excel in that area. Of utmost importance is selecting the brand of ERP system that best suits your needs.

A comprehensive trading solution that can be used to manage purchases, sales, and inventory is the foundation of any good trading business. The system should streamline your purchasing process, reduce inventory costs and ensure that you have enough products to meet customer demand.

About Multiable:

Multiable Company is one of the leading providers of business software, with more than three decades of experience and an in-house team of experts. These experts can provide advice on how best to use Multiable ERP system and help companies achieve maximum performance. Combining our advanced experience for ERP development in trading with the intelligence of big data analysis, we optimize solutions for trading businesses, such as calculate labor costs for orders, and seamless connection with e-commerce platforms, etc.

About EDG Grant:

The Enterprise Development Grant (EDG) was launched in 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) in the same year.

M18 ERP and M18 HCM is under the scopes of EDG grant.

Our consultants have rich experience in helping customers to get EDG application awarded to deploy our renowned M18 ERP in Singapore. Multiable will provide relevant technical / system related documentations and guide you throughout the application process.