If you own a large retail jewellery showroom, ORNATE-NX provides you a fully integrated system to manage your business, almost without your own involvement (but with your full control), so that you can focus on more crucial aspects like growing your business further.
ORNATE-NX provides you a fully integrated system to manage your large retail showroom, almost without your own involvement (but with your full control), so that you can focus on more crucial aspects like growing your business further.
Generally, for a retailer with a large showroom, getting the work done through staff is a challenge. The main concern areas are:
System should enable owners or the top management to control all the critical activities of business whether they are physically present or not in the showroom.
2. Error Proofing
Since majority of issues are created due to simple or silly mistakes made by the operators and usually such issues cost very dearly to the organization, system should focus on the standard processes to be followed which can eliminate the possibility of almost all such errors.
3. Risk Management
In the world of fierce competition, the system should ensure that all the critical business secrets should remain intact and at the same time staff can perform all the routine tasks without requiring passwords / keys from the top management / owners.
ORNATE-NX is a full-fledged solution, designed to take care of all these and more.
ORNATE-NX helps you set-up the operations in such a manner that even though the entire operations are run by your staff, you will retain complete control on your business operations – even when you are NOT in the showroom.
ORNATE-NX helps the management in:
- Establishing a day-to-day management system by which owners involvement can be reduced by almost 50 %
- Introducing management checkpoints to ensure security against frauds
- Configuring workflow in such a way that every user performs in the best possible manner
- Identifying parameters which can help in faster and better decision making
ORNATE-NX takes care of all the aspects of your business
ORNATE-NX offers India’s first Jewellery POS in Touch-Screen format. This is the easiest POS which can be managed by even first time users! In a single screen, all functionalities like product selection, scrap purchase, sales return, customer loyalty details, multiple payment modes (e.g. cash, cheque and credit cards), discount, taxes, etc. are made available to generate bill in a moment.
The system supports multiple discount schemes including seasonal discount schemes. Even in case of any alteration in the ornament weight (if a customer wants pendent and necklace from two different SKUs) the system supports such alteration on-line and instantly. Multiple billing screens can ensure faster turnaround time for customers. The system also supports preparation of slips / challans at sales counters (using PC and/or handheld devices) and generation of invoice based on such slips.
This has been one of the most crucial parts of Jewellery Retail. On one hand, the stocks needs to be maintained to fulfill all the statutory requirements whereas on the other hand, the same stock has to be available in the form of individual SKUs which can provide detailed information about each and every precious article.
ORNATE-NX offers 2 kinds of stocks – the Vault (or Book Stock) and the Counter Stock. All items (gold/silver/diamond/platinum) can be Barcoded to ensure faster stock reconciliation as well as faster billing. The barcode process is the fastest in the industry and ensures that all items are correctly tagged with exact gross weight.
The detailed graphical Stock and Sale Analysis Reports (like item-wise, group-wise, supplier-wise, comparison between different items etc.) make it convenient for key decision makers to ensure that important analysis are available on touch of a mouse. Another unique option ensures that irrespective of gold/silver/diamond rate fluctuation, the tags need not be re-printed from time to time.
There are specific reporting tools which enable key decision makers to manage the opening and closing stock. At any given point in time, the system would guide the owners in getting the details pertaining to shop stock, approval stock, Supplier stock etc. The system is RFID-enabled.
All orders can be tracked through a simple reference number. The system allows order in-charge to take orders with advance (cash/diamond) with order description and then track the same through the reference number. Even repairing items can be easily tracked and issued.
All financial requirements like cash book, bank book, journal, registers as well as ledger accounts, accounts payable / receivable, bank reconciliation is available. All statutory reports like VAT/TDS reports can be generated through the system. At any given point in time, reports like Balance Sheet and Profit and Loss account (from date to to-date) can be made available easily.
The inbuilt Jewellery Business Management System in ORNATE-NX offers graphical reports with detailed analysis. Through Director’s reporting tool, it enables the key decision makers to know the gross earnings on daily basis, out-standing’s (in diamond and cash), item-wise earnings per supplier, aging analysis, dead-stock details, fast-and-slow moving items etc.
Apart from thank-you / birthday / anniversary greeting option, the system engages many options to keep a track with all customers on regular basis. Now, retail Jewellers will be able to easily issue Loyalty cards and/or Gift coupons. This enables Jewellers to reward regular clients and helps build long-term association with clients.
Loyalty programs will help Jewellers to retain existing clients as well as help them to redeem points against new Jewellery purchased. There is also a facility to introduce chit scheme and manage the entire chit scheme in such a way that the customer keeps visiting the showroom again and again.
ORNATE-NX helps the owners to have complete control on the work done by the staff through the unique Business Intelligence System (BIS). BIS is an expert system which extracts relevant data from the system and keeps informing the key decision makers by email/SMS. This enables the decision makers to be free and not to worry about verifying each and every report.
Typically, once the parameters are set – say for example – Discount amount deviation, tagging of each lot, re-order quantities (in terms of weight, value and/or quantity), Squaring-off on gold quantity sold for the day, etc.; then if there is any deviation in the parameters or if the threshold value gets changed, then it informs the key decision makers by email/SMS.
One of the most critical elements of success in retail Jewellery is managing Suppliers for their stock and their payments. The ORNATE-NX Jewellery Business Management System enables the key decision makers to analyze the stock available for each item (supplier-wise) and the margins earned vis-à-vis other suppliers.
In nutshell, ORNATE-NX Jewellery Business Management System actually creates a virtual clone of owners who will take care of majority of the critical issues, so that owner’s time is saved.