Streamline Jewelry Business with Brightpoint's JEM 365 for Microsoft Dynamics Finance & Supply Chain
As a Microsoft-certified ISV solution, BPIT's JEM offers a comprehensive suite of tools designed to streamline operations, enhance productivity, and drive growth for mid and large-size jewelry enterprises.
Why Choose JEM?
When it comes to choosing an ERP solution for your jewelry business, you need a platform that not only meets your current needs but also provides scalability and flexibility for future growth.
- Comprehensive Yet Simplified
- Cloud-Based and Secure
- End-to-End Jewelry Management
- Dedicated Support and Future Roadmap
- Reporting and Analytics
Here’s Why JEM Stands Out
Cloud-Based and Secure: Comprehensive yet simplified, Tailored solution for jewelry, covering manufacturing, supply chain, retail, finance, and user-friendly for seamless operations. Cloud-Based and Secure.
End-to-End Jewelry Management: JEM provides the tools you need to streamline operations and optimize performance across your entire organization.
JEM utilizes Microsoft Power BI: for advanced reporting, enabling data visualization, analysis, and continuous business process improvement through data visualization.
Dedicated Support and Future Evolution: JEM provides dedicated support from implementation to ongoing training, with a clear roadmap for future evolution to meet business needs.
Unlock Growth Opportunities: BPIT’s JEM empowers jewelry enterprises to transform their operations, innovate their business models, and unlock new opportunities for growth and success.
Key Modules: Now let’s take a closer look at some of the key modules and features offered by JEM
Supply Chain Management:
With JEM’s supply chain management module, you can streamline every aspect of your supply chain, from procurement to distribution. Features include:
- In-depth Item Master, Vendor management along with vendor price agreement for purchase costing, Vendor Collaboration, Requisitions Request Approval.
- Types and modes of purchase process not limited to bulk purchase, jewellery with breakup details purchase, consignment purchase, Excel Import for all kinds of Purchase Lines, Approval Process
- Intercompany Purchases & sales: Seamlessly transfer inventory between entities within your organization, ensuring consistent supply across all locations.
- Pricing & Revaluation of Jewelry: Implement various pricing scenarios to accommodate the complexity of the jewelry industry, including daily gold board rate calculations, predefined making charges, tag price generation based on markups or GP%, SKU Creation with Weighing Scale Integration, easily revalue your store’s inventory of on-hand jewelry based on current market prices, ensuring accurate financial reporting and inventory valuation.
Manufacturing Module
JEM optimizes jewelry manufacturing with streamlined processes and production efficiency.
- Track raw material movement, consumption at the operation & and employee activity for optimization.
- Identify opportunities to optimize resource allocation and minimize waste
- Define variant-specific bills of materials (BOMs) and routes for consistent, accurate production processes.
- Plan production activities based on forecasts, resources, and capacity
- Safety Stock and Replenishment.
- Quality Assurance: To ensure that products meet quality standards and customer expectations at every stage of the manufacturing process.
- Calculate standard production costs for informed pricing decisions, analyzing time and resources.
- Production Costing: Analyze production costs, identify cost drivers, and implement cost-saving measures to improve profitability and competitiveness
- Configure SKU numbers with prefixes and generate SKU lines through production orders.
- Streamline repair orders from intake to completion, minimizing customer downtime
Retail Module
The retail module of JEM is designed to optimize sales performance, enhance customer experiences, and drive revenue growth for jewelry retailers.
- SKU-Based Sales: Simplify sales by linking products to unique SKU numbers, enabling swift identification and retrieval for sales associates.
- Discount Management: Apply discounts consistently using predefined rules and approval processes.
- Automatic Gold Rate Calculations: Prices adjust automatically based on current gold rates, ensuring accuracy and reflecting market conditions.
- Dynamic Pricing: Adapt prices dynamically in response to market changes, customer demand, or competitor pricing
- Quotation Management: Efficiently handle customer quotation requests, convert them to orders, and track progress through the sales cycle.
- Repair Order Management: Manage repair orders, whether for jewelry repairs or adding items back into inventory after repair.
- Multiple Payment Integration: Accept payments via cash, credit cards, and mobile wallets for customer convenience.
- Improved Customer Experience: Personalize marketing strategies using purchase history and customer data
- Real-Time Inventory Management: Monitor stock levels, receive low-stock alerts, and track inventory across multiple locations.
- Store Management: Optimize operations with shift management, cashier oversight, and performance analysis
- Dynamic Sales Incentives: Boost sales performance and customer satisfaction through performance-based incentive programs.
- These features enhance efficiency, accuracy, and customer satisfaction in your sales operations.
Finance Module
Effective financial management is critical for the success of any jewelry business, as it provides the foundation for informed decision-making and sustainable growth.
JEM’s key features include
- General Ledger: Maintain accurate financial records with a robust system, track transactions, create reports, and adhere to accounting standards.
- Accounts Payable and Receivable: Streamline payment processes, automate invoices, and manage vendor and customer payments efficiently
- Bank Reconciliation: Quickly reconcile accounts, identify discrepancies, and ensure accurate financial records.
- Fixed Asset Management: Track assets from acquisition to disposal, ensuring compliance and precise depreciation calculations.
- Month and Year-End Closing: Efficiently prepare financial statements and comply with regulatory requirements.
- Budgeting and Planning: Develop comprehensive financial plans, monitor performance, and adjust as needed
- Cash Flow Forecasting: Anticipate cash flow needs based on historical data and business plans
- Letter of Guarantee and Letter of Credit: Efficiently handle these financial instruments, track obligations, and ensure contractual compliance.
- Global Entry Forms: Electronically generate and submit forms for customs clearance, reducing administrative burden in international trade.
- Exchange Rate Integration: Automatically update exchange rates, track currency fluctuations, and ensure accurate foreign currency conversion
- COGS Accounting: Precisely calculate cost of goods sold (COGS), allocate costs to inventory items, and analyze COGS by product or category.
- Trial Balance: Generate metal and value trial balance reports, reconcile accounts, and maintain accurate financial data.
- Credit Card Reconciliation: Match credit card transactions with bank statements, ensuring completeness and accuracy.
- Advance Reporting: Comprehensive Power BI reports for informed decision-making and strategic planning
Reports
EM offers diverse reports for insights into operations, performance, and finances, enhancing organizational transparency and decision-making.
Some of the key reports available in JEM include:
- Inventory As on Date Report
- SKU History Report
- Inventory Valuation Report
- Metal Trial Balance
- Vendor Account Statement
- Gold Payment Voucher
- WIP Bag Piece Report
- Metal Loss Report
- Stone Production & Broken Report
- Sales Invoice from POS
- Old Gold Exchange Receipt
- Store Sales Report
- Actual vs. Budget Report
- Balance Sheet
- Cash and Bank Report
As a Microsoft-certified ISV solution, JEM by BPIT offers a comprehensive suite of tools designed to streamline operations, enhance productivity, and drive growth for mid and large-size jewelry enterprises.
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