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The Clarity Blog

Features to Consider For Your Jewelry Inventory Software

Posted by Logan Moore on Jan 13, 2017 8:45:00 AM

Inventory record keeping

Accurate and comprehensive inventory records can make or break a jewelry business.

Jewelers who can quickly identify fast-selling, high-margin items can maximize their profit, while less organized business owners trying to manage their inventory by a gut feeling and mental notes could face larger problems than simply untapped revenue.

Poor inventory record keeping doesn’t just mean you don’t know the ins and outs of your merchandise as well as you could — it also means that it could complicate the claims process when you turn to your insurance policy.

Download Inventory Record Keeping Guide

Thankfully, you no longer need to have an MBA or spend hours learning how to master spreadsheets for quality inventory management. Jewelry inventory software has become much more robust and accessible over the past few years.

Unlike procuring inventory, it’s a reasonable bet that many jewelers aren’t accustomed to shopping for and purchasing software. Whether your business has taken advantage of jewelry inventory software since it first became available or are considering giving it a try, ask these questions when making a selection based on features.

Basic Features

Can it be deployed over the cloud?

cloud graphic

Is it mobile-friendly?

Smartphone

Does the vendor offer training and support?

business training

How user-friendly is it?

User experience

 

Intermediate Features

Will it track repairs?

Jewelry repair

Does it save customer purchase history?

customer service

Can it help manage pricing?

Spreadsheet

Will it offer supplier management?

Handshake

 

Advanced Features

Does it have a design component?

Designing ring

Can it help manage appraisals?

Jewelry appraisal

 

That’s a lot to keep track of and consider – and that’s before factoring in the price of the software into a cost-benefit analysis of the tool. To complicate matters further, there are TONS of jewelry inventory software packages available on the market today.

Thankfully, you can use resources like Capterra to help find a solution that fits your business. If you didn’t believe there were lots of options before, check out their search — it yielded 80 results to choose and compare from!

Remember, you don’t need to go it alone. Your insurance agent should be able to help advise you regarding what best fits the needs of your business.

 

Request a Consultation

 

Topics: Store Management

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