Struggling to Stay Afloat: Hong Kong’s Chemical Industry Under Pressure

Although the chemical industry in Hong Kong is quite different from the other industries, it also faces its specific challenges. Companies generally have strict regulatory compliance with constantly changing laws that they have to follow. Hazardous material management also requires special technical skills and involves high-risk engineering. The pervasive chemical industry has also to deal with the problems of the supply chain due to the fact that many products it handles are of a sensitive type. However, the issues are common, since not only the chemical sector but also all businesses in Hong Kong are tackling workforce shortages and the rising cost of operations that complicate the business situation more.

ERP as a Solution: Solving Problems of the Industry

Enterprise Resources Planning (ERP) systems act as a compass and help the chemical industry tackle its problems. An ERP system helps firms that have to follow rules by ensuring that their processes are in accordance with the prevalent standards. This comes in handy for proper management of hazardous materials. In addition, ERP systems cut down costs associated with supply chains by streamlining the whole exercise from beginning to end, and hence it is not a concern anymore. Indeed, the systems assist in coping with problems that like decreasing staff by replacing manual work with semi-automated that is more efficient and effective. Even more, the infiltration of artificial intelligence (AI) in ERP systems adds to predictive analytics that allows firms to plan for the demand of resources accordingly.

Golden Rules for ERP Success

Setting up an ERP system calls for a tactical framework and implementation. The first step before launching the project should be to set precise objectives. Enlisting a specific team to manage the implementation ensures that each stage proceeds without a hitch. Training employees on how to use the new system is another vital element because it will help them make a smooth shift to the more effective working practices. Taking account of the specific requirements of your firm and altering it correspondingly would lead to a more customized solution that would be in line with your firm’s strategies.

The Power of Multiable aiM18 ERP: Tailored Solutions for the Chemical Industry

Multiable’s aiM18 ERP platform can hold different functions that are specially designed for the chemical industry segment in Hong Kong:

1. The Custom Algorithm for Fan-Driven Change: Making sure that your firm is up-to-date with regulatory compliance.

2. Custom Business Flow Without Programming: Gives businesses the possibility to independently conduct the process changes without any prior programming knowledge.

3. Automatic LSP Selection by AI: Eases out the supply chain but selects the best logistics service providers automatically for your needs.

4. BOM Powered by AI: Manufacturing productivity is improved through AI-controlled Bill of Materials management.

5. MRP Powered by AI: Reduces material waste and increases cost efficiency through artificial intelligence in material requirements planning.

Integration with LAIDFU: Efficiency Enriched with AI Agents

LAIDFU is a platform that is integrated with Multiable ERP which enables the firms of Hong Kong to take a leap and AI agent functionalities to their business processes. Through the use of multiple LLMs, enterprises can automate distinct activities in the ERP system. AI technology is now a necessity in the trade marked by huge tariff uncertainties. It is due to the fact that the pressure for efficiency and cost control has increased that makes AI the only way to keep the industry competitive.

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.