What good is a jewellery piece if it’s not allowed to sparkle as much as it deserves to? It is thus vital for a jewel to reach its optimum shine. To get a jeweller and the jewellery industry make the correct decisions and to help them manage their business, it is important to acquire and use jewellery software. The software uses customized solutions that are catered to all the needs of a jeweller.
When a gems and jewellery company is considering jewellery ERP software, it may be hard-pressed with a plethora of choices. It is not wise to just randomly pick any Jewellery ERP software and one should consider all pros and cons. Specific software may not be suitable for your business as particular requirements may not be met.
So what essentials are needed to make jewellery software work?
When looking at a piece of jewellery, one can see how each design has its own unique specialty. When a customer buys a piece, they must be able to correctly identify the type of jewellery they want. To be able to differentiate one jewellery piece from other makes it easier for the business as well. For instance, it should be easy to identify the ones made of 24 carat gold and what kind of cut, style, brand and warranty the piece possesses.
Serialized Inventory Management
This is an important must-have feature in Jewellery Management Software for the jewellery business. As we know, jewels are expensive and it is important to keep track of each and every material associated with the piece.
For instance, when creating a jewellery piece such as a ring or earring, it is vital to find the perfect diamond for the jewel. If not, then it would result in wasting a lot of time. With this feature, each item can be tracked and the software can easily identify which diamond is part of which ring.
Inventory Management is another must-have feature for Jewellery Management Software. Complete inventory management needs to be featured in the software as storing jewellery is a costly affair. It is not possible to store expensive merchandise in large numbers but then again, neither should you have a shortage in your inventory when customers step inside your store.
Inventory management can aid in finding a way through issues such as these. It traces your inventory level and the company will be better prepared to restock. It also enables the organization to understand which goods are selling quick and those that are stagnant.
Accounting is an important feature to have in Jewellery Accounting Software and Jewellery Billing Software. What does it include? Business transactions are easier thanks to income and expense grouping, accounting ledgers, tax heading creations and operations, bank, cash creation and operations, asset liability creation and operations, income and expense recording, journal entries and contra transactions, and so forth.
These are four essentials that make jewellery software much sought-after in the gems and jewellery business.