Productivity is a measure of performance that indicates how efficiently inputs are converted into output. Researchers have developed many methods to measure the productivity of a person, a machine, a factory and even a business. It is one of the key parameters used to assess the progress or growth of a company. The jewellery business,..
“Change is the only constant” is the most appropriate phrase to describe evolving technologies. Just like emails have replaced pigeons for passing on messages, there has been a tidal wave of changes in the tracking and scanning technology. The outdated Barcode system of scanning has been overthrown by the faster and more accurate RFID technology…
Businesses today face a tsunami of data, quite literally! Daily sales figures, buying patterns, supply chain factors, resource availability, all create a complicated data matrix that is difficult to decipher in real time. To rein in dynamic market trends and competitors, it is crucial that this valuable data is leveraged. What if you were given..
With multiple sellers and billions of customers, markets today operate without any boundaries. Simply put, doing business today is way more complicated, competitive and consumer-centric. Furthermore, the risks or stakes involved in the jewellery industry are ten times higher! This is because it’s a business dealing in intricate, luxurious, expensive and valuable items. Factors such..