Diving into the Furniture Business Troubles in Hong Kong

The furniture sector in Hong Kong is encountering troubles of its own kind, marking it different from other retail industries. The essential weight and the diversity of the design of furniture increase the complexity of logistics and storage, which would not be as severe in the case of other sectors dealing with lightweight products. To find local resources that are of suitable quality and eco-friendly is very problematic, not to mention the little space left for them. The sector also requires more showroom space which is juxtaposed to the issue of the high real estate prices in Hong Kong, and this creates another hurdle. In addition to these challenges that are unique to the industry, the furniture retailers in Hong Kong also face the same problems as other channels such as global supply chain disruptions and changing customer tastes that are common in other markets.

Streamlining Retailing with POS Systems

Because of these problems, retailers in Hong Kong are gradually shifting to point-of-sales systems as a measure to enhance their efficiency. A single platform provides a POS system that integrates all the various aspects of the business, it is a centralized to manage sales, inventory, and customer data. This interdependence is the key in all logistics issues, as if retailers need to track products in real time, they can ensure the right stock is at the right place at the right time. Of course, they are also capable of tackling the issue of consumer trends that change over time by providing insights about what products to buy, hence, businesses can customize their product mix.

On top of that, POS systems are effective in optimizing showroom space and inventory management through the use of data-driven decisions. In a way, this is a plus point for not only furniture makers but also retailers in all sectors. As a result of the continuous retail evolution, the adaptability that these systems provide is of paramount importance, which allows the retailer to pivot in the industry adroitly when the need arises.

Setting Your Business in the Right Direction for POS Implementation

For the successful implementation of the point-of-sales system, the process involves meticulous planning and execution. First and foremost, it’s imperative to identify the precise needs of your business and select a system that is compatible with these requirements. Comprehensive training for the staff ensures that they can interpret and put the system to maximum use which in turn helps to increase productivity and cut down on errors. In line with that, connecting the existing financial systems and e-commerce platforms with the POS system is the backbone of seamless operations and data consistency across various channels.

Multiable’s aiM18 POS System as a Game Changer for Furniture Retailers

Multiable’s aiM18 POS system for retailers in the Hong Kong furniture sector is the lifebuoy for lots of different problems.

• Chain Store Management: Makes the operating across various branches much easier.

• Real-Time Integration: Promotes a steady flow of data between e-commerce, inventory, and financial systems, thus optimizing operational efficiency.

• Promotion Management: Provides variable pricing strategies that are used for customers’ attraction and retention.

• A.I. Auto Logistics Selection: Enhances delivery process, particularly covering the bulky furniture and logistics.

• Membership Management: Further enhances the customer experience by giving personal touches.

The E-commerce Integration of aiM18 POS

Multiable’s aiM18 IS not merely an offline retail solution; it is also an e-commerce tool that can connect brick-and-mortar stores to online platforms. The unit can support real-time integration with other channels like Shopify, Amazon, and more, thus facilitating Hong Kong retailers who manage their inventory and sales across multiple channels, much more effectively. The most crucial part is that the compatibility of the system with the latest payment methods, such as WeChat Pay and Alipay, is in line with the local consumer habits that boost the customer experience significantly.

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.