Jewelry retailers face a number of unique challenges. Jewelry consumers had always been especially demanding ‒ but in today’s hyper-competitive world, shoppers are more knowledgeable and demanding than ever before, and have a multitude of options, including e-tailers and department stores. Jewellery items are expensive, not only for consumers, but for retailers as well ‒ resulting in high inventory costs and limited item availability for each store. In addition, buyers of high-end jewelry demand exceptional customer service that includes maintaining assortments customized to their tastes. Onebeat for Jewelry automatically segments and classifies products based on their contribution to sales, and differentiates how each product is treated.
This segmentation ensures exceptional availability of best sellers, an on-going liquidation and rotation of slow-movers, and a dynamic and customized assortment for each store ‒ maximizing your revenue from every client. We understand the pressures you face ‒ because we have been advising jewelry retailers for over a decade ‒ and have developed solutions that meet these critical challenges. Enabling agile planning, dynamic execution, and real-time, store-by-store, item-by-item optimization, OneBeat increases your profitability while decreasing your risk and makes your life so much easier.