Tipping point of industry transformation: The Digital-Intelligent Breakthrough for Traditional Jewelry
During the critical transformation period, traditional jewelry industry faces three key optimization challenges. Driven by the rise of Z-generation consumption and the rapid iteration of market demand, the jewelry industry is at the key stage of transformation and upgrading. As a traditional industry with both cultural attribute and technological value, jewelry enterprises are gradually faced with several development topics that need to be optimized in the process of adapting to the new consumption trend:
On the one hand, the combination of non-standard properties of jewelry products and rich SKU makes traditional demand forecasting methods face the challenge of improving accuracy.
On the other hand, when dealing with the rapid change of consumption trend, there is room for further optimization of response rhythm, which is difficult to fully capture the immediate market opportunity. In addition, the data coordination between online consumption scene and offline experience service still has a perfect direction, which has not fully realized the personalized service connection of the consumer’s whole journey, and has affected the coherence of the overall experience.
In the course of brand expansion, enterprises need to upgrade to digital-intelligent support. As a well-known brand with both traditional craftsmanship inheritance and international vision, it has encountered the common challenges in the stage of industry development in the process of business scale expansion and market layout expansion. With the deepening of global business layout, the original information system gradually revealed areas to be upgraded in cross-regional data coordination, multi-link process connection and market dynamic response. Especially in the global supply chain management, the cyclical fluctuation of the price of raw materials, the time-effective control of the cross-border logistics, and the dynamic adaptation of the multi-regional compliance policies all demand higher requirements for the digital-intelligent support capabilities.
Yonyou BIP·Enterprise AI·Flexible Cloud Deployments Digital-Intelligent Solution
On the basis of integrating the key modules of supply chain management and forming the whole-process intelligent closed-loop of covering business, the full-stack solution built around the “data middle platform and business middle platform” further strengthens the ability of financial management and control through the Yonyou BIP business-finance integrated platform. The entire process not only supports multi-currency accounting, multi-tax automatic calculation and cross-border tax compliance management from contract signing to fund settlement, but also helps to greatly reduce the financial risk of global operation. Moreover, the cost management link relies on the professional coding and standard multi-level tracking mechanism to achieve the refined accounting and dynamic monitoring of product cost, so that the financial management and business operation are deeply coordinated and controllable throughout the full process.
Value Reconstruction: The Leap from Efficiency to Mode Innovation
Outsourced Processing Upgrade for a More Agile Supply Chain Response
A large number of jewelry products of a jewelry enterprise in Singapore adopt the outsourcing processing mode, and the whole process cycle from the warehousing of outsourced products to the sales of terminal stores was long. With the help of YonBIP outsourced module and customized development capability, the enterprises achieved the digital-intelligent reshaping of outsourcing process, shorten the circulation cycle from supply chain to terminal, greatly improve the flexible response capability of supply chain, and responsiveness to better align with market demand changes.
Deep Business-Finance Integration for More Precise Data-Driven Decisions
In the past, the data interchange between enterprise inventory and financial system was inefficient, the financial personnel needed to rely on manual reports to obtain inventory information, posing issues related to data accuracy and timeliness. Through the implementation of inventory accounting system, the real-time synchronization between automatic cost calculation and inventory data is realized, and the “data silo” of business finance is completely broken down. Today, enterprises can grasp accurate inventory data in real-time, providing strong support for financial analysis and operational decision-making, and advancing the financial digital-intelligence into a new stage of precision and efficiency.
RFID Integration Accelerates Daily Business Intelligence
In order to further improve the business efficiency, Yonyou has customized the enterprise sales order, transfer order, inventory sheet, etc. and successfully integrated the existing RFID system of the enterprise. With RFID scanning, billing, inventory and other operations can be completed quickly, greatly improving the daily business processing speed, and elevating the level of intelligent operation in jewelry retail scenarios.
Group Inventory Synergy Innovation for Efficient Resource Allocation
As a group enterprise, the enterprise has multiple brands of independent inventory management. Based on the in-depth insight into the actual needs of the enterprise, Yonyou proposes an integrated inventory solution: Promote the sales end not to reserve the inventory separately, and centrally manage the inventory by the parent company. The sales business is delivered uniformly from the parent company and settled internally at the end of the month. This mode greatly simplifies the link of goods circulation, significantly improves the efficiency of goods circulation, realizes the optimal allocation of group-level inventory resources, and is highly recognized by enterprises.
As a jewelry brand rooted in Singapore for more than 30 years and with technology and design as the core, the deep cooperation between a Singapore jewelry enterprise and Yonyou BIP·Enterprise AI·Flexible Cloud Deployments is not only the integration of “traditional ingenuity” and “digital intelligence,” but also the strategic leap from “experience operation” to “digital intelligence growth” -through the full-link digital intelligence system, it has guarded the jewelry process core, given brand market agility, realized the all-round optimization of inventory, supply chain, customer experience and organizational decision, and restructured the value creation logic. This practice lays the technical foundation for the global layout of a Singapore jewelry enterprise, and provides the jewelry industry with the transformation reference of “adhering to the parallel of craftsmanship and embracing digital intelligence.” In the future, with the common exploration of both parties, it will further promote the deepening of brand transformation, and also inspire more industry peers to start a new chapter of sustainable growth with the integration of “ingenuity + digital intelligence.”
