Effective inventory management software is a necessity for those who wish to be successful in the jewelry industry. A manual alternative just won’t cut it in today’s competitive landscape. For this reason, we put together a list of jewelry inventory software solutions that are worth looking into.
5 Benefits of Having a Jewelry Inventory Software
Inventory management solutions play a major role in growing your jewelry business. By having the right inventory management software, you’ll be able to balance replenishing without overstocking. Achieving the perfect balance can save you a lot of headaches and money. Also, it streamlines many valuable processes and offers the following benefits:
Stock Tracking to Manage Inventory
Many jewelry inventory management software can facilitate centralized inventory management. This means that regardless of the number of physical stores or warehouses in the system, it can easily perform an inventory check and monitor stock levels, purchases, sales, and more from one location. This ensures that jewelers always have the optimal number of items in stock.
Efficient Billing Process
When your company has an inventory management system in place, it’s possible to use flexible pricing methods when selling jewelry. Also, important information such as price, label, availability, and materials used are readily available, and items are easy to locate. Thanks to that, order and billing processes go more smoothly.
Managing Employees’ Performance
Aside from tracking and managing your inventory, some inventory systems also offer metrics for monitoring worker performance. This includes the time of clock-in and clock-out, leaves, work distribution, completed sales, and even customer complaints. With this functionality, it will be easier to evaluate and improve your staff’s performance.
Providing Multiple Payment Options
Jewelry management software typically allows you to accept different payment options for your customers’ convenience. You may be able to accept cash and online payments (credit cards, QR payments, etc.). Most solutions also integrate with well-known payment gateways like PayPal.
Facilitating Repairs and Returns
Jewelry inventory management software promotes transparency by disclosing estimated prices based on valuation during buybacks. It can also track exchanges for a defined duration or a lifetime. Moreover, jewelry software also occasionally provides features for booking returns and repairs.
5 Key Features of Jewelry Inventory Management Software
Here are some features to look out for when searching for jewelry inventory management software.
- Centralized inventory management. Your inventory system should be linked to all relevant locations, including all your sales channels and all your branch offices.
- Security. Pay attention to the security features of inventory management software. It’s not enough that only your physical goods are safe.
- Customer relations management. Invest in a jewelry inventory management platform that includes tools for engaging customers. This might come in the form of personalized promotions, loyalty programs, shareable gift cards, or holiday text marketing.
- Customization. Whether your chosen inventory software is tailored to the jewelry business or for a more general purpose, there must always be room for customization. This could be a customizable report, payment method, search filters, etc.
- Accounting integration. A good inventory management system for jewelry stores should be able to communicate seamlessly with an accounting system, whether integrated or built-in.
In addition, make sure that your jewelry inventory management system can monitor all items relevant to your business. They are usually the following:
Raw Materials
These are items required for creating jewelry. These may include metals such as silver and gold, semi-precious stones, gemstones, and ceramics.
Goods in Process
These are the raw materials that are currently being processed to create products.
Finished Goods
These are the usual products that you will sell on your storefront, like earrings, necklaces, bracelets, and rings.
Merchandise
These are stocks of products that you buy from suppliers to resell in the future.
9 Top Jewelry Inventory Software Platforms of 2024
Podium
Podium is an all-in-one lead conversion platform that can help your jewelry business convert more customers. It has robust automation and communication solutions that will work perfectly with your inventory management system.
You can also easily add Podium to your tech stack, thanks to its integration support for over 200 tools such as its Jewelry Shopkeeper. It also offers payment processing integration for your jewelry store, allowing you to send payment links even through texts.
Podium’s pricing starts at $399/month.
Zoho Inventory
Even though it isn’t specifically designed for jewelry businesses, Zoho Inventory has all the fundamental tools you need for organizing findings and finished goods across several warehouses and online stores. Apart from inventory management, its features include e-commerce integrations and an online store builder.
Zoho’s inventory system lets jewelry stores create and manage work orders and offers an option for capturing the details of fine-grained items. Additionally, it has basic manufacturing features that allow jewelers to make custom prices for finished products, create invoices for materials, and calculate production costs.
This platform has a free plan and a suite of premium packages that start at $29 per organization/month.
WJewel
WJewel is a feature-rich point-of-sale (POS) system that manages every facet of a retail jewelry business, including sales and CRM. The platform also helps with reputation management. It features a robust inventory management system that can monitor transfers and inventory for numerous stores. It can also track items and inventory in the vendor’s portal and automatically reorder low-inventory items.
This jewelry business software allows for real-time inventory tracking updates across multiple sales channels and locations, such as remote offices that contractors manage for secure tracking. It can also perform other related functions like manufacturing, imaging, tagging, and analysis.
The inventory software is available as a one-time purchase or monthly subscription starting at $125 per month/location.
Lightspeed Retail
Lightspeed is a versatile POS that works flawlessly in the jewelry business. You can use its rich inventory management features to keep an eye on stock levels, and add new products, among other things. Jewelers can also use it to manage inventory and many more processes across your channel.
Because of its cross-channel architecture, Lightspeed can track SKUs and inventory levels across various locations, regardless of where you are. You can also create product variants to organize multiple color schemes, sizes, and other features. With just one search, you can locate inventory in any of your warehouses that have unique serial numbers.
Lightspeed Retail’s price ranges from $119/month to $249/month for one location and register. Price increases as more channels and points of sales are added.
Orderry
Orderry is a cloud-based shop management solution that works perfectly as a jewelry store management software. It enables you to monitor inventory levels and perform write-offs, postings, or goods transfers. Additionally, jewelers can use it to add supplies or items to work orders or sales and to return goods to suppliers.
Orderry also provides inventory management automation features for jewelry businesses, like automatically writing off goods for job orders to improve stock control. It can also help you create an accurate and traceable storage system with its serial accounting and bin location features.
The platform costs at least $39/month for hobbyists who sell jewelry online, but a business solution starts at $99/month. A 7-day free trial is available.
Katana
Katana’s jewelry inventory management software makes it easier to keep track of every accessory and jewel you own. Inventory control allows you to meet consumer demand while preventing excess inventory by setting safety stock levels and reorder points. Not only can you plan your inventory check to maximize efficiency, but you can also forecast demand based on precise sales data.
Katana offers live inventory management, which makes it easy to keep track of your materials and goods in real-time across all your inventory locations. The jewelry software also boosts traceability. It lets you monitor serial numbers for product identification, which you can use for maintenance, customer support, and warranty claims.
Katana costs $179 to $1,799 per month, depending on the scale of your business.
Valigara
Valigara is a custom-made online management platform for jewelers, diamond producers, brands, and retailers. It’s a powerful jewelry inventory management software that lets you instantly create a virtual inventory to improve your offering to clients.
Valigara lets you keep tabs on your inventory items, no matter where they are—in warehouses, distributors, online sales channels, or your physical store. It also helps you avoid overselling by automatically updating the stock across every sales channel as soon as a piece of jewelry is purchased in one marketplace.
You can request a quote to get pricing suited to your business.
Craftybase
Craftybase is an enterprise resource planning (ERP) solution for small jewelry businesses. It connects to your online storefronts so you can track orders and inventory in real-time. Craftbase also lets jewelers organize items according to their constituent parts, materials, and final products.
This jewelry business inventory management also automatically recalculates all stocks whenever you buy supplies, close a deal, or produce new items. It also records every modification you make to your inventory, hence ensuring complete auditability.
Craftybase’s pricing starts at $39 per month.
The Edge
The Edge is a one-stop online jewelry business management platform with features ranging from POS to CRM. It offers all the tools necessary to create a well-balanced, profitable inventory optimized for your marketplace. It also lets you perform physical inventory and import vendor catalogs to streamline item entry for selling jewelry online or in stores.
This jewelry store software allows granular monitoring of fine jewelry, letting you track the type and status of each item. It makes reporting on stock, consignment, memos, and other merchandise easy. It also connects with other platforms, such as its Podium integration, to further improve its functionality.
You can get Edge using a one-time purchase of at least $4,600 for one store and workstation.
Boost Jewelry Sales with Podium
Podium offers a system that will help you generate more leads and close more sales than you have in the past. You can create personalized client relationships with Podium’s marketing and reputation management platform, resulting in twice as many reviews and lasting loyalty.
Contact us today to see how we can help you sell more jewelry.
