Jewelry Inventory Management
Nowadays, jewelry stores sell products at the retail level or via multiple e-commerce channels. While these platforms create additional sales opportunities, they also pose unique inventory management challenges. Inventory management is a crucial aspect of running a successful jewelry eCommerce business. Properly managing your inventory can help you avoid stockouts, reduce carrying costs, and increase sales.
One of the first steps in effective inventory management is to track your inventory levels accurately. This can be done using software or by manually keeping records. It is important to regularly update your inventory levels as items are sold, or new products are received.
Finale Inventory offers a dynamic jewelry inventory management software solution that enables you to track and monitor your products and sales more accurately and efficiently. Our software eliminates confusion by streamlining your store's operating processes.
Overview of Our Jewelry Inventory Software
Our cloud-based jewelry software solution offers a host of valuable features.
Inventory tracking is a multifaceted process that impacts many areas of your brick-and-mortar and e-commerce business. We can provide numerous integrations with leading marketplaces, online shopping carts, point-of-sale (POS) platforms and shipping software, reducing the need for file transfers and manual processes.
You'll be able to manage orders from all your selling vehicles on one platform and check your stock levels on demand. Our software can auto-update inventory quantities across Shopify and other channels every five minutes.
Combining compatible items like earrings and necklaces into kits or bundles enables you to increase sales and provide more value to your customers. Our software can automatically track inventory levels to ensure your customers can only purchase these kits when there is an available supply.
The landed cost is the sum of all fees and expenses a business incurs when delivering a product to its destination. Besides the price paid to the supplier for the goods, these costs can include import duties and tariffs, freight, insurance, customs, taxes, and crating.
Accurately calculating landed costs is crucial for understanding your gross margins and ensuring an accurate profit analysis, especially if you obtain jewelry products from overseas suppliers. Our software enables you to tabulate these costs early in the reporting process to determine the appropriate margin for profitable pricing.
Why Partner With Finale Inventory for Your Jewelry Inventory Management Needs?
Implementing our jewelry inventory management software provides many benefits for your business:
- Increased inventory management accuracy: Reduce costly out-of-stock situations and experience real-time monitoring of inventory levels. Set up automated reordering based on the parameters you provide.
- Enhanced efficiency: You'll be able to bolster your kitting and bundling capabilities, enabling you to focus on other areas of your business's growth.
- Scalability: Our software can scale with your business, whether you're looking to expand your brick-and-mortar or online store operations — or both.
- World-class service: Our phenomenal service team will help you get started and provide ongoing support. Your dedicated account manager will provide free training and consulting during the trial period. Our paid plans are available on a month-to-month basis with no long-term commitment.