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While a small business can function without much technology,
without needing to comprehend it or make any investments in it, it can waste
valuable time every day by getting bogged down in paperwork and chores that
larger organizations have already automated. It is therefore unimaginable in
this day and age to operate without any technology, especially information
technology, commonly known as IT, in order to keep up with other, more
effective organizations.
The advantages of
implementing jewelry-specific IT technologies in your company
Finding these hidden problems and controlling them—or,
even better, coming up with solutions—will give you the best chance to get
ahead of other jewellery businesses, or competitors. How do you approach
achieving it then?
Let's
examine the "obvious" invisible issues in more detail:
1. Issues with productivity and speed:
This is the most evident; even
though you might not be aware of how quickly your business operates in
comparison to others, you almost certainly have a gut sense anytime your output
is slower than it should be. So once more, even though there are many obvious
ways to boost productivity, such as using CAD software, 3D printing, faster
computers, and so forth, what actually has the biggest impact is tracking and
quantifying the steps of the production process, the amount of labour used, and
the productivity of individual employees so that the entire process can be
understood and managed holistically. You therefore require a reliable jewellery software.
2. Reducing human error:
It's a common knowledge that people
make mistakes. While mistakes might be frustrating, they can also significantly
affect a company's profits. There is a good probability that something may go
wrong in your complicated production process, delaying the order and possibly infuriating
the consumer. A small mistake like a CAD or casting error can result in
thousands of dollars in lost revenue and a lot of negative PR if the customer
is irate enough (as some are). In such case, they can express their displeasure
online with a nasty review. Even though it is impossible to completely remove
human error, the majority of them can be managed by automating quality and
delivery time controls and developing error correction processes and protocols.
No, without integrating a complete jewellery business
management software, this won't be achievable.
3. Better, quicker data-driven
decisions:
Another fact is that statistics are
reliable. You might believe that because you manage a small firm, you have a
thorough understanding of everything and consistently make the best choices.
While this may occasionally be the case, it is far more likely that you are
actually making mistakes but are just unaware of them because you are basing
your choices on inaccurate or insufficient facts. You can surely make much
better decisions if you have jewellery management software and access to the
pertinent data in real time in an orderly and transparent manner. Accordingly,
integrating all of your business data in a way that makes sense for your
company and existing procedures might mean the difference between making a wise
choice and one that will stick with you for a very long time.
4. Increasing your online sales:
Anyone who sells any form of the product is now impacted by online sales. In actuality, you are losing out on
significant revenues if you are not selling online. This is particularly true
for jewellers, who are seeing a significant amount of their previously
in-person sales transfer online. Are increasingly doing business online,
followed by industry giants like Walmart and Amazon. Even small, innovative
businesses are going online thanks to user-friendly web stores like Shopify and
Etsy. Therefore, you are falling behind if you are not yet engaged in internet sales. Online sales can be difficult, especially if you sell personalized
jewellery, but they can also be very profitable if you use the correct jewellery inventory
software.
5. Better customer service:
