Jewelry inventory software stands out as a solution for businesses in the jewelry industry
Jewelry industry and its challenges
In 2023, the global jewelry market achieved a valuation of USD 353.26 billion, and it is anticipated to witness a projected compound annual growth rate (CAGR) of 4.7% from 2024 to 2030, according to Grandview Research.
However, as the industry expands, businesses are encountering more challenges. Managing the omnichannel landscape has become particularly demanding. Nowadays, relying solely on brick-and-mortar shops is no longer viable, as customers prefer shopping across various platforms. Ensuring a positive customer experience is crucial for jewelry businesses, given the fierce competition – fail to do so, and you risk losing out to a myriad of competitors.
Another age-old yet critical challenge is effectively maintaining the supply chain and inventory in line with ever-changing customer demands. This poses a real test for jewelry companies navigating the dynamic market.
Jewelry inventory software is essential for a business to succeed
Integrating software into the operations of a jewelry business, spanning both retail and manufacturing facets, is a game-changer. Jewelry inventory software offers efficient inventory management, streamlines manufacturing processes, and enhances design capabilities. From order processing to sales management, the software ensures a seamless workflow.
EMERGE is known as the jewelry inventory software that brings you e-commerce integrations and financial management to simplify online operations and financial tasks. Analytics and reporting provide valuable insights, and supply chain visibility optimizes efficiency. The adaptability of the jewelry inventory software keeps businesses in tune with market trends, and built-in security features safeguard data.
In essence, leveraging software empowers jewelry businesses to navigate the industry with agility, innovation, and heightened customer satisfaction.
What does jewelry inventory software offer for businesses?
Jewelry inventory management goes beyond handling materials and completed pieces. Modern jewelry inventory software solutions like EMERGE not only monitor raw materials but also track orders and purchases as finished products progress through your workflow. Delving deeper, these advanced features aid jewelry makers in honing their craft by enhancing operational efficiency and streamlining the workflow.
- Cloud-based jewelry inventory software is designed to offer you a seamless on-the-go experience, providing enhanced convenience and flexibility.
- With EMERGE, you gain the capability to effortlessly monitor and track your jewelry inventory, create orders, and execute various business transactions anytime and from anywhere.
- Whether you find yourself on a business trip to Shanghai or working remotely from the comfort of your home, EMERGE empowers you to stay connected and in control of your business operations with unparalleled ease and efficiency.
- Data from multiple sales channels such as sales representatives, physical stores or online stores are centralized and updated in real-time in the jewelry inventory software system.
- Having real-time data helps owners track and monitor sales to understand which products are selling well and adjust marketing strategies or inventory levels accordingly.
- Jewelry inventory software also easily updates customer purchase data in real-time, helping owners identify current product trends or customer preferences. Bosses can then make decisions to purchase or produce more or less of certain SKUs.
- Jewelry inventory software has a Product Variants Module that allows you to enter product information with different variations in different colors and materials. Variations can also be edited, updated, and deleted.
- Product Variants Module helps you manage detailed information for each product, including descriptions, images, specifications, and prices.
- Choose to display variations as a table view in the document such as Quotations, Sales Orders, Purchase Orders, and PDFs of related documents.
- When you send a sales order or invoice to a customer it will be more professional and visible.
- Jewelry inventory software supports barcode and label printing to speed up your operation process.
- The pick pack and ship process is way easier and faster than ever for businesses that have so many products such as the jewelry industry.
- Using barcode scanning to track and monitor inventory levels in real time gives you the precise number of your stock, preventing human errors and fraud in the company.
- Integrated label printing in jewelry inventory software allows each item to be clearly identified by its unique code which helps your staff to locate and process inventory or transactions quickly.
- Based on the pricing of these materials, successfully managing effective inventory levels for raw materials can help you reduce your inventory costs as well as refresh your cash flow.
- In EMERGE, you can add raw materials as needed to manufacture a product. When that batch of products is sold, the inventory for the related raw materials is automatically deducted.
- By using EMERGE jewelry inventory software, you can now track and monitor raw material levels in real-time. This way, you can ensure accurate inventory records and avoid shortages or overstocking.
- EMERGE provides comprehensive analytical reports to help you analyze market trends, customer purchasing behavior, and inventory movements.
- Inventory Movement Reports give you a visual view of your business, presented in a simple and user-friendly way.
- Through Product Trend Reports and Sales Reports, our jewelry inventory software helps you identify your most purchased products as well as your underperforming products.
- You can then make informed business decisions to continue production or cut back on that product line or plan for strategic inventory levels in a timely manner.
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Conclusion
In short, jewelry inventory software streamlines inventory management by providing real-time tracking in a cloud-based system, efficient inventory control, and advanced reporting.
EMERGE integrates features like barcode scanning and label printing to ensure accurate item identification and enhance operational progress. With the ability to track raw materials and through detailed reporting that supports sales trends analysis, jewelry inventory software helps businesses increase operational efficiency, reduce costs, and improve overall business performance.
Frequently Asked Questions
- How do I track many different variations of a single product in EMERGE?
In the Product List page, you just need to add a filter of “Variants” in the search bar then the products which have variants will be displayed. By then, you can easily track and monitor different variants of your products.
- How can I use barcoding to track inventory?
First of all, you need to have a barcode on your product, you can use the label printing feature in EMERGE for this purpose. This barcode will represent all the information of this product in the future, you can track and make adjustments or related work with this product using its barcode.
You also need a barcode scanner, you can buy it from amazon, it is not very expensive. Now you are all set to scan. Connect the scanner via bluetooth to your PC, laptop or even tablet in our mobile version. Now start scanning to create a sale order, purchase order or pick packaged products for shipping.
- How can I manage exchange and returns from my customers?
In EMERGE, we have an Exchange and Return Module. Here you can create a new Return/Exchange from your customer. Options like Additional Fee and return warehouse location can be easily adjusted if required.
Now you can easily manage customer returns as all returned orders will be displayed in this module. When you open these orders, the information about this adjusted transaction will be displayed.
- Are you integrated to any ecommerce platform?
Yes. EMERGE integrates with other Ecommerce platforms such as Woo and Shopify. You can also easily explore which platform you want us to customize for your EMERGE version in the Integrations Module. We have co-work with plenty of platforms in many areas, not just ecommerce but accounting, shipping, payment solutions, etc.
- Are you integrated to any shipping aggregator (combine) platforms?
Yes. EMERGE integrates with ShipStation which offers you integrations to many carriers like DLH, FedEx, GlobalPost, etc.
