Image of a woman's hand with a Kimai brand ring
Image of a woman's hand with a Kimai brand ringImage of a necklace from the brand Kimai

19

June

2024

-

4

Min

How Kimaï saves 10 hours/week on Inventory management

Kimaï, a luxury and sustainable jewellery brand, overcame inventory challenges with help of Prediko's features.

About Kimaï

Founded in 2018 by best friends Jessica Warch and Sidney Neuhaus, Kimaï is a jewellery brand that seamlessly blends luxury and sustainability. With a strong commitment to ethical practices, Kimaï crafts stunning pieces using lab-grown diamonds and recycled gold, ensuring both elegance and environmental responsibility.

Their transparent approach and consistant dedication to high quality make them a go-to brand for fashion-conscious individuals seeking stylish, eco-friendly accessories. You’ll often spot celebrities like Meghan Markle, Jessica Alba, and Emma Watson wearing their pieces.

The Challenge

Kimaï faced inventory challenges as their made-to-order business grew, causing long customer delivery times.

Sidney, one of the co-founders, shared:

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Dealing with multiple suppliers and tracking orders with spreadsheets also proved time-consuming. Implementing Prediko aimed to streamline inventory management and enhance collaboration.

How Kimaï solved this with Prediko

Kimaï chose Prediko to solve their inventory management challenges, and Sidney swiftly set up their Prediko account with a single click, seamlessly integrating it with their three Shopify stores. Prediko efficiently assimilated all their historical sales, revenue, and product data within just 30 minutes.

Sidney then tailored Prediko to suit Kimaï's specific needs, incorporating vital supply chain elements such as supplier lead times, target days of cover, and outstanding purchase orders. Within a day, Sidney and her operations team were fully onboarded, collaborating seamlessly on sales forecasts and upcoming orders!

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The Results

Since implementing Prediko, Kimaï experienced several significant benefits:

  • 43% Shorter delivery times: Customers now receive orders within 2 days as Kimaï maintains a micro stock, avoiding over ordering and saving costs.
  • 11% Production Cost Reduction: Suppliers gain visibility on production needs, leading to a 11% cost reduction due to confident capacity locking and better rates.
  • 10 hours/week saved on inventory management: Prediko's automatic data synchronisation saves 10 hours/week on reporting and order management, and team collaboration accelerates workflow completion.

In summary, Prediko's implementation has enhanced Kimaï's inventory management, enabled faster deliveries, reduced production costs, and streamlined reporting and order processes, leading to improved overall efficiency for the business.

Sidney Neuhaus

Co-founder & COO at Kimaï

Co-founder & COO at Kimaï

"Going from a 'made-to-order' to 'on-hand' inventory model is complex. It's hard to predict sales efficiently and understand inventory needs, especially as we aim to maintain safety stock rather than excessive inventory."

“Super impressed by Prediko’s product quality. Their onboarding was extremely fast and easy which was key for our team at Kimaï. We are now confidently predicting our sales and getting recommendations on upcoming orders based on our ways of working."

Sidney Neuhaus, co-founder & COO at Kimaï

“Super impressed by Prediko’s product quality. Their onboarding was extremely fast and easy which was key for our team at Kimaï. We are now confidently predicting our sales and getting recommendations on upcoming orders based on our ways of working."

Sidney Neuhaus, co-founder & COO at Kimaï

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