Indian Gem & Jewelry Industry Gets Exclusive ERP Solution, Crown24Kâ„¢
NEWSPost India, India
Wednesday 12th of September 2007 Nimbus Systems, India’s leading IT
solution provider to the Gem & Jewelry industry, has launched Crown24K™, an end-to-end Enterprise Resource Planning (ERP) solution designed exclusively for the Gem & Jewelry industry. The solution has been created using Microsoft Dynamics AX 4.0, an ERP software for midsize and larger companies. India’s leading Gems & Jewelry retail chains – Minawala Gems and Jewels, Anjali Jewelers and Sree Ganesh Jewelry House – will be the first few to implement Crown24K™ to meet their growing ERP needs.
The Indian Gems & Jewelry industry has many critical areas that stand to benefit from Crown24Kâ„¢. These include Jewelry Manufacturing; Precious Metal / Stone / Diamond Management; Jewelry Inventory Management; Jewelry POS; Financial Accounting / CRM / Promotions Management; Bar-Coding / RFID support and Image Linking; Human Resource Management; Business Reports and MIS. Crown24Kâ„¢ has been built with the specific objective of addressing real-time issues and providing need-based solutions.
“With the growth in exports and domestic demand, instant access to information such as procurement to production, lead to cash and concepts to products, has become critical for growth. Customers are also demanding higher quality and better service. Crown24K™ understands and addresses such issues, and is the result of a decade of learning & engagement with over 100 Customers,†says Amitava Dutta, President, Nimbus Systems.
“Our business management has become easier post-implementation of Crown24K with Microsoft Dynamics. I do foresee Crown24K adding value to the gems and jewelry industry in India,†says Nilesh Parekh, Chairman, Sree Ganesh Jewellery House Ltd.
Crown24K™ combines features of planning, production, finance, sales and marketing into a single package, and helps Gems & Jewelry companies take care of –
• High-value inventories and high-risk trading
• Scheduling and control of precision manufacturing
• Details and routine of daily financial management, and
• Challenges of competing in the dynamic atmosphere of today’s Indian consumer space
Crown24Kâ„¢ will also help companies reduce cost of finished goods inventory by 25%, WIP inventories by 35%, order lead time by 35%, planning cycle time by 80%, IT maintenance and support by 40%.
“The centuries-old Indian Gems & Jewelry industry has unique needs and challenges that require tailor-made IT solutions. Microsoft Dynamics AX 4.0 looks and works similar to Microsoft Outlook, making it easier for people to learn and adapt to. Our business management solution can be customized to meet the growing needs of companies, and our partner, Nimbus Systems, has the expertise for end-to-end implementation of the solution – from prototyping to post go-live support,†says Sushant Dwivedy, Business Group Lead, Microsoft Dynamics.
Nimbus Systems
Nimbus Systems is a solution provider to the Gem & Jewelry industry. Its been in business for 14 years and has acquired over 100 clients. Over 50% of the orders executed by Nimbus Systems have been repeat orders. The company aims to transform the Gem & Jewelry industry by way of a simple and comprehensive end-to-end information solution enabling better control and improving the responsiveness of the entire business. The company’s vision is to be a trusted IT partner to the Gem & Jewelry industry.
About Microsoft Dynamics
Microsoft Dynamicsâ„¢ is a line of financial, customer relationship and supply chain management solutions that help businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business.
About Microsoft
Founded in 1975, Microsoft (NASDAQ “MSFT”) is the worldwide leader in software for personal and business computing. The company offers a wide range of products and services designed to empower people through great software-any time, any place and on any device. Microsoft has been in India since 1990 and employs over 4000 people across its offices in New Delhi, Mumbai, Bangalore, Calcutta, Chennai, Hyderabad and Pune.
