Especially For You Jewelers This paper will discuss various aspects of new direct sales and accounting system for Especially for You Jewelers (EFYJ). First, it will suggest at least five expected business benefits that the EFYJ Company might derive from a new system, and provide a rationale for these suggestions. Next, this paper will propose at least five system capabilities for the company, and provide a rationale for these proposals. Further, it will ascertain three possible scenarios in this new direct sales and accounting system. Subsequently, this paper will use Microsoft Visio to develop an activity diagram for each scenario that the author has identified. Also, it will use Microsoft Visio to complete a fully-developed use case …show more content…
Consequently, this more efficient system all but ensures an organization will drastically increase its bottom line, as well as save a significant amount of money by not reordering unnecessary goods. Furthermore, an enterprise will be in a better position to services customers quickly, and as navigate any unexpected changes in business (i.e. a supplier suddenly running out of certain equipment items or going out of business) (Henderson, 2017). As a result, this new EFYJ system will provide the benefits of time savings, accuracy, and consistency within its inventory controls. Another benefit for Especially for You Jewelers is the new system’s improved customer database that will greatly increase repeat sales to its existing customers. According to Fenn, an up-to-date database is the foundation for keeping track of client interaction reaching out to clients. (Fenn, 2010). Furthermore, this database when combined with routine communication with existing customers, as well as offering new and special deals to returning customers will bolster sales and benefit EFYJ. An additional benefit of this new system will be the customer database that is capable of tracking and producing purchase histories to assist management in preparing special mailings and special sales to existing customers. According to Grant, this type of new software can offer benefits to EFYJ by rapidly modernizing its ability for
The customers can then order and make payments for their orders electronically while online and then sit and wait for the shipment of their cards (Mangan & Lalwani, 2016). The strategy will allow the organization to utilize broader measures that include item accessibility, fill rate, on the rack, stock esteem, on-time conveyance, the money-to-money cycle, and the stock administration of the bend. The incorporation of EIP and EIPP into the company’s supply chain strategies would result in an increased speed of delivery, lower Day Outstanding (DSO) and cost reserve funds. Besides, it would allow for more dependable budgetary streams. The company ca also improve their store network administration through the creation of reasonable business gatherings and travel items and administration. They need to keep more focus on the supplier sustainability shared values as well as supplier diversity
The company instead needs to change to a first in First out approach to keep inventory moving on shelves and develop a new enterprise resource system (Phillips, 2008). In addition to this change which would directly affect the floor employees since it is labor intensive and involves constant moving of product, the company would implement a sales tracking portable device that directly connects the store with the ecommerce site and the distributors. Under this method, store clerks can carry the portable tracker on their person and be able to directly engage with the customer by locating products faster as well as order products directly with the consumer if the product is out of stock or not carried at that location. In addition, the sales tracker will be an inventory tracker with a minimum quantity set with distributors that can automatically order additional product to keep stock or for the company to ship excess material at one location to another location in
As a result, enterprises must streamline the process that customers use to interact with a business to ensure that the systems used for customer engagement enhance the process and provide accurate information sharing with various back-end systems of record. Access to information must be more responsive and immediate in the age of the customer. The end goal is for businesses to phase out analog and paper-based processes, which are error prone and consumer manual effort.
We prefer the EOQ/ ROP system as gains from reducing the order/ production size (gains in terms of less value of inventory being produced) which though lead to increase in setup cost far outweigh the gains from Blanchard’s current system (gains in terms of reduction of setup cost) while, costs are that of the value of inventory being produced.
This implementation will also enable you to uses your full suite of communication tools in all lines of business. EDI transactions, Bar Code reading, and decision software, such as EDSS, will enhance your senior leaders ability to make sound judgments on a stable base of information at any site. This, of course, becomes a tremendous help in streamlining inventory stock levels, purchase order generation, and vendor delivery predictability. Forecasting raw material needs will no longer be a guessing game. Financial data from each plant will be available from all sites without manual processes.
“Smart-Toys-Smart Kids” is a toy manufacturing company. They are providing toys to retail stores in the region. The company has 500 employees. The CEO of the company Fred is looking for alternatives to streamline B2B transactions between his employees and the retail stores. Fred's information systems department has presented him with two alternatives for developing the new tools for better customer service with the retail stores.
We are heavily invested, both financially and from a human capital perspective, in creating a customer experience that matches our industry-leading products. In recent years, we have implemented new systems to empower our customer account executives to satisfy customer needs. New options allow customers to contact us via web, smart phone, and through their set-top cable boxes to get answers to questions, troubleshoot problems, and pay their
William Crow Jewelers is a jewelry designer that is located in Denver, Colorado. This company was founded in 1924 by William “Bill” Crow. Their products and services include jewelry and watch repair, loose stones, and giftware. William Crow Jewelers also offers fine jewelry, estate and consignment jewelry, and watches. They are a BBB accredited business with an A+ rating. William Crow Jewelers has been recognized as the Denver A List, Best Designer Jewelry.
Gold Star Jewelers is a jeweler that is located in San Jose, California. They specialize in custom jewelries, buying, selling and trading of gold, silver, etc., repairs, time pieces, and numismatics. Gold Star Jewelers is honest, wonderful to deal with, and knows their stuff. Customers won't be disappointed by the great selection or the warmth of their service.
Sterling silver jewelry is for thousands of years a popular product. One obvious reason is accessibility of other precious metals gold and platinum. The variety of sterling silver jewelry requires some knowledge to select the right piece and keep in good condition as long as possible. The following are the most common questions about sterling silver jewelry.
At Andrew’s Express Jewelers, we repair/fix watches and all types of jewelry, we also have a beautiful one-of-a-kind jewelery collection of the latest designs with a wide selection of gold, silver, diamonds, and even alternative metals. Whether it’s necklaces, earrings, rings, or pendants, Andrew’s Express Jewelers has thought of it all when it comes to variety that best fits your personality and your lifestyle. With a large inventory gemstones and metals, you can create your customized piece of jewelry that speaks of you. If you need that extra special personal touch, you can even have your jewelry engraved at Andrew’s Express Jewelers! Have Questions? Call us: 1-818-727-7720
In the past, individual sales employees have managed customer records, and no standard of data recording has been established. Operating in this manner doesn't allow for a cohesive sales team, which is going to be critical for the new team selling approach being implemented by Riordan. A standardization and consolidation of customer records needs to be implemented for the sales team to be more successful in the future. The CRM will consolidate the sales team into one unit rather than individuals servicing specific accounts. Customer relations will be proficient due to the ability of multiple sales personnel being able to acquire and update account information rather than a single person maintaining individual account records. Not to mention when a sales person is not available due to health, personal issues or vacation, another employee will be able to provide information and support. The CRM will then be connected to the Finance & Accounting System.
In this paper, I will be simulating, that as a project manager, I have been designated to design a new Direct sales and Accounting System for up a coming business “Especially for you Jewelers”, or EFYJ. I will be assessing Business benefits, explaining the capabilities, and giving examples of three (3) possible scenarios. I will attempt to create a Vision Document, Activity Diagram, and a Use Case Description.
A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data
According to [5], Just-in-Time (JIT) inventory management enables an organization to gain competitive advantage by not having a large or excessive amount of inventory in warehouse. The organization only needs to order the parts when they are actually needed and new materials are produced only when old materials have finished. One advantage of adopting this strategy is that there will be no excess of inventory that needs to be stored and hence the inventory levels will be reduced as well as the cost of carrying and storing goods. One major disadvantage of this is that the organization will expose it in the risk of ordering problems for example a supplier is not able to provide parts on time. The result of this is that the organization cannot fulfill the order and contributes to customer dissatisfaction.