Use Jewelry Software to Control Inventory

To predict the demand for jewelry items in the future, you must have knowledge of product performance of the past. And that is one of the important functions of a well-designed jewelry software program.

Of course, no matter how well designed, a jewelry software program cannot totally eliminate intuition and luck. But having a well-organized and accurate history of sales provided through jewelry software reports, will take much of the guesswork out of inventory management.

A jewelry software program will help you look at a number of forecasting factors such as product history and the expected demand. The reports generated by your program should give you an in-depth analysis of numbers, both for historical sales and ongoing sales curves. At the very minimum, you should be able to rely on your jewelry software reports for 60% of your forecasting decisions with 20% based on experience and 20% on intuition.

Naturally, the more you become familiar with your jewelry software, the more reliable your inventory planning will become. You will never obtain 100% accuracy but 90% is an achievable goal.


Don