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Improving Inventory Management for a Handmade Jewelry Business with Mobile App

About Client

Our client is a jewelry-based business owner who specializes in designing and selling handmade jewelry. They have been in operation for over 5 years and have a loyal customer base across the United States.

The Challenge

The client approached us with a challenge of improving their inventory management process. They had been facing issues with stock-outs, overstocks, and lost sales due to poor inventory management practices. Additionally, the client’s manual inventory management system was time-consuming, error-prone, and did not provide accurate data for decision-making.

Our Approach

To address the client’s challenges, we followed a comprehensive approach that involved the following steps:

  1. Inventory audit – We conducted a detailed inventory audit to identify issues and opportunities in the client’s inventory management process. We analyzed the client’s inventory data, processes, and systems to determine areas of improvement.
  2. Inventory management software – We recommended implementing an inventory management software that would automate the client’s inventory management process and provide real-time inventory data. We selected an inventory management software that was specifically designed for small businesses and had features such as inventory tracking, forecasting, and reporting.
  3. Training and support – We provided training and support to the client’s team to help them understand and use the new inventory management software effectively. We also provided ongoing support to the client’s team to ensure that the software was integrated into their business processes seamlessly.

Key Results

Our approach resulted in the following key results:

  • A 40% reduction in stock-outs within the first month of implementing the inventory management software.
  • A 20% reduction in overstocks within the first quarter of implementing the inventory management software.
  • A 30% increase in sales due to improved inventory management practices and accurate forecasting.

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