You will require an inventory management software, warehouse management software, accounting software besides uploading appealing photographs, writing world-class content to describe your products. You need to start using advanced yet user-friendly technology to operate your business. When you expand to online business, the first challenge is to adapt to technology-driven business rather than face value. Adapting to the technology used to manage online operation: In this article we will discuss the challenges faced by jewellery brands in details with the solutions that are available to overcome them: 1. Towards the end of the article, we discuss how an upcoming brand has expanded their business across online channels following a systematic approach to overcome the challenges faced. It sounds great, right? But it has got its own set of challenges as well. Imagine a time when without being physically present one can showcase all the products to people across the globe with a very nominal infrastructure expense. Now, this has opened up a completely new business territory for the Jewellery brands and merchants. Faster delivery, easy refund policies, best price guarantee makes the Ecommerce industry favourite among the masses.Ĭurrently, online jewellery sales only account for four to five percent of the market, but the Ecommerce sector is expected to reach around 15 percent by 2020. People love to shop from Amazon like marketplaces where they can pick and choose what they want by sitting at the comfort of their home. With the rise of technology & availability of smartphones, the Ecommerce industry has grown rapidly across the globe. Jewelry Inventory Management: 18 Major Steps to Maximize Profitability
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