Spine Assets

Gems & Jewellery

The global gems & jewelry industry, valued at $348 billion in 2021, is experiencing steady growth due to rising consumer demand, especially in emerging markets like China and India. In India, the sector was valued at ₹3.6 trillion in 2021 and is expected to expand further, driven by increasing disposable incomes and cultural significance. Technological advancements are improving efficiency and quality, but the industry faces challenges such as fluctuating raw material prices and sustainability concerns. Amid evolving market dynamics, there are significant opportunities for innovation and growth.

Challenges

  • Price fluctuations in raw materials
  • Maintaining quality and craftsmanship
  • Regulatory compliance and taxation issues
  • Supply chain management inefficiencies
  • Sustainability concerns and ethical sourcing

Solutions

  • Real-time pricing and cost tracking systems
  • Automated quality control and precision manufacturing
  • Compliance management tools for seamless taxation adherence
  • Digital supply chain solutions for inventory and logistics optimization
  • Ethical sourcing certification and sustainability initiatives
Solution

Benefits

  • Improved cost management and profitability
  • Enhanced quality assurance and customer satisfaction
  • Simplified compliance and reduced legal risks
  • Efficient supply chain operations and reduced wastage
  • Stronger brand reputation through responsible sourcing

Insights

Improvement in workforce compliance tracking

Reduction in payroll errors

Better workforce scheduling

Prominent Clients

B.N. Jewellers India Pvt. Ltd.

Creating exquisite and timeless jewellery pieces with precision and care. Since implementation, HR workflows have become significantly more efficient, accurate, and easier to manage.

“We’re thrilled to share our exceptional experience with Spine software. Since implementing it, we’ve witnessed significant improvements in efficiency and accuracy.”

-Manish Agarwal (DGM – Accounts & Finance)

Leave Management

The Jewelry Co.

Delivering custom-crafted, high-quality jewellery for today’s discerning customers. Payroll and leave management are now streamlined, faster, and far less time-consuming for their HR team.

“Its easy user interface & unlimited options have reduced the time required for the tedious work of payroll processing and leave management.” 

-Nitin Lawanghare (HR Manager) 

Hear It From Other Happy Clients

FAQs

Q: How does HRMS handle shift work and attendance in FMCG manufacturing?

A:  HRMS supports multiple shift schedules, real-time attendance tracking, and automates payroll processing for continuous production lines.

A: Yes, it calculates production bonuses and incentive payouts based on KPIs automatically.

A: The system automates statutory deductions like PF, ESI, and prepares compliance reports ensuring legal adherence.

A: Training modules track certification and refreshers for quality and safety standards.

A: Yes, it centralizes HR data and payroll management across multiple FMCG plants.