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Features to Consider For Your Jewelry Inventory Software

on Jan 13, 2017 8:45 AM

Features to Consider For Your Jewelry Inventory Software

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 feThereling 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

 

Comments

Hello,

We are looking for a software that fits our needs. We are going to sell primarily through e-commerce on eBay and Amazon. Our product is used and new gold/silver jewelry. These are some of our requirements.

1) Integrates with multiple channels including eBay and Amazon.
2) Can export data into a spreadsheet.
3) Allows input of a current gold price and will automatically adjust prices based on a desired premium.
4) Creates an inventory # or allows manual inventory # creation (that can be printed of course).
5) Has barcodes that allow easy scanning of inventory. (can be printed as well).
6) Allows additional fields to be added on top of premium (diamond and colored stones premiums).
7) Works well with gold jewelry! IE: Can input gold color, karat, weight, etc.
8) Save Customer Purchase History
9) Good Customer Service/Training/Support?
10) Is it User Friendly?
11) Can it be deployed over the cloud?
12) Can I upload photos to each item?

Josh Goldberg

In reply to by Anonymous (not verified)

Hi Josh,

Sorry for not getting back to you sooner. Do you insure your business with Jewelers Mutual and work with one of our agents? They'd be a great resource to help you with your specific needs. You can call our Sales team at 800-336-5642 ext. 2118 or email [email protected] if you have any other questions.

It sounds like you have some exact needs and the best possible answer would probably come from a personal conversation.

Logan Moore

Great article Logan. Thank you so much for the information. One of my friend who is into jewelry business uses Jewelry inventory software by Suntech Business Solution.

Parth

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