Facing Exceptional Challenges in the FMCG Sector

The FMCG sector in Hong Kong is dealing with challenges such as rapid product turnover and keeping up with the steady supply chains. These kinds of problems are uncommon and are not widely seen in other industries. Increased competition, and changing consumer preferences are also common in different sectors.

What Are the Problems Facing FMCG in Hong Kong?

FMCG businesses are experiencing serious inventory management problems as a result of the fast product expiration. The second problem is that the consumer trends are changing quickly, which makes it hard to plan for the long term. To actually put it, the logistics and regulatory hurdles in Asia can be a real challenge to the robustness of the supply chain.

Heightened consumer interest is a phenomenon that is not only affecting FMCG but other sectors too. Market share and skilled labor competition are also issues that keep haunting. These challenges becoming a single new issue, making the human resource(SHR) strategic decisions crucial for the result. Additionally, the performance appraisal can be a real drag without the automation.

How Can the HCM System Help?

The linkage of an HCM system with HR operations that automate the processes improves workforce management markedly leading to the benefits for the FMCG sector. It, of course, will also provide businesses to practice leanness and be agile by effectively fitting talent to the market’s new requirements.

HCM systems provide analytical tools that analyze the patterns of consumer behavior, therefore assisting in the short and long-term strategic decisions. Besides that, well-scheduled rostering through an HR system leads to the workforce being available when the business is at critical operational hours which is a key to optimal stock levels.

What Steps Ensure the Successful HCM Plan?

Focus is the first step to a fruitful HCM program. Initially, the firms should determine their targets that are in connection with general corporate goals. Schooling of the employees and the engagement of stakeholders is the thing that is highly necessary to carry out the idea. The last but not the least, regular audits and system updates are the factors that can help the business to meet the customers with their new demands.

How Multiable aiM18 HCM is Essential for FMCG Firms?

• AI-Ready Customization: Adjusts workflows for the specific needs of FMCG.

• ISO:27001 Certification: Guarantees proper data security.

• Payroll Engine: Effectively handles large workloads, which are key to payroll processing.

• Intelligent Roster Planning: Improves staff scheduling through a labor laws compliance checker.

• Flexible Appraisal Mechanism: Performance appraisal is adjusted depending on every department’s KPIs.

e-MPF and Compliance Support

aiM18 HCM is e-MPF approved that is the proof of it being compliant with the Hong Kong government on regulatory issues. It helps to generate MPF and IRD-compliant documents for long service payment. It thus helps in operating efficiency and gives peace of mind.

What is Multiable HCM?

Multiable HCM is a cloud-native HCM (aka HRMS, HRIS or HR system). With over 6,000 customers, Multiable HCM 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 HCM system in place.