[Vlog] What jewelry companies should do differently after the coronavirus

While our company was able to make the switch to home office quickly, many jewelry companies weren't so lucky.

I'm putting myself in their shoes and I'm trying to figure out what the future holds for jewelry companies when they restart their operations.

One of the issues will probably be that they will have to work with a smaller staff while the amount of work will be almost the same. So they will have to work more efficiently than before.

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Covid-19: Stay home, stay closed but still improve

Coronavirus will undoubtedly shake the jewelry industry, at least as much as it did in most other global industries. We can envision the possible future if we follow what happened in China - as reported, the Chinese luxury industry experienced 70% or even 80% fall in traffic after the coronavirus outbreak there.

We know exactly that this is a difficult time for all jewelry companies - therefore we would like to help them survive the current crisis – while also improving and growing as a business.

Read more if you would like to know more about our PIRO Covid-19 promotional package.

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How jewelry casting companies can work smarter? (infographic)

In the last few decades, the competition between jewelry casting companies has intensified. The more inventive ones have purchased the latest technologies, the best machinery and the latest 3D printers. But are these the only things that differentiate a reputable casting company from the others?

Optimizing processes and organizing order management are two elements that can secure a competitive advantage in this market. By automating processes and different repetitive tasks, companies can serve their clients faster and more reliably.

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[Vlog] A guide to calculating ROI in case of a jewelry software

The question I will try to answer in this post is: how long does it take for software investments, and in particular investments into business software, to pay themselves back? And how will this payback happen and how do we know whether an investment in an ERP software system was or will be the right thing to do?

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[Vlog] 7+1 reasons why software projects experience budget overruns

Budget overruns used to be the most common issues during the software projects.

Research data shows that in 2017 over 65% percent of companies exceeded their implementation budget. This percentage was even higher in the previous year at 74%, so while it is an improvement, it is still staggering.

So why does this happen? Why can’t even large companies eliminate the uncertainity when it comes to bugeting? How can you control budget overruns? And are there cases where this should not be considered a problem?

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[Vlog] Integrating your jewelry inventory software with 3rd party systems

From the moment when we stop managing our jewelry store on paper and start using a jewelry mangament and inventory software, the question of integrating it with third-party systems becomes unavoidable in order to move data back and forth between those systems and ours.

There are many examples for what platforms your jewelry inventory software might need: Rapnet, GIA, QuickBooks, pulling market prices for metals, exchange rates for currency, communicating with your shipping providers, customer relationship management system, your website or other websites like Shopify or Etsy, or different payment gateway integrations.

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[Vlog] Common jewelry ERP implementation mistakes to avoid

Implementing a jewelry software (or any other ERP) is a huge undertaking and inevitably comes with a certain degree of risk. For example, a recent study from an independent ERP consulting organization, Panorama Consulting, revealed that 28% of organizations reported their ERP implementation as a complete failure, resulting in an abandoned product.

This is somewhat surprising, as for most companies the risks are manageable if they are known ahead of time. Identifying problems that may arise and addressing them early will certainly help mitigate them before they become a point of failure for your project.

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[Vlog] Transition challenges from manual tracking to jewelry software automation

Smaller jewelry businesses usually use different manual tools for tracking their processes: excel sheets, Google sheets, various documents, sometimes even pen and paper. As long as there is not a large amount of data that needs to be copied across these sheets and kept updated, this is fine and is (for the most part) convenient and cost-effective.

The problem arises when there are many people involved in the process or the complexity of the process increases.

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How to avoid a jewelry software implementation failure?

Implementing a jewelry software (or any other ERP) is a huge undertaking and inevitably comes with a certain degree of risk.

A recent study from an independent ERP consulting organization, Panorama Consulting, revealed that 26% of the organizations reported their ERP implementation as a failure.

For most, the risks are manageable if they are known ahead of time. Identifying what problems may arise and addressing them early will certainly help mitigate them before they become a point of failure for your project.

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What is the difference between a generic ERP and a jewelry ERP?

Jewelry ERP software vs generic ERP

This article suggests ways to simplify your ERP selection process and points out the differences between jewelry-specific and generic ERP solutions.

As I mentioned in our previous post the jewelry industry was lack of an industry-specific software in the recent past. Those jewelry companies who felt a need implementing some kind of solution to automate some part of their business processes had no other choice than using different systems for inventory tracking, customer tracking or production tracking.

Two major problem they had to face:

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