Guesswork and overstocking

For retailers in the jewellery and watch industry, stock control is one vital factor for any business owner. When you’re in control of your stock, business operations run smoothly, back stock levels are efficient, customers will receive better customer service, and importantly stock values and profit margins are clear. It can also help scale a business.

A system has many benefits, including visibility of all products in stock, whether physical, in-store or cloud-based and showing items sold. The more comprehensive the system, the larger the overview, and the greater the benefits are for maximum efficiency.

Overstocking ties up business capital that could be used in other company areas. A good system will decrease costs associated with holding stock with the business by having full knowledge of all items in the company, including inventory, order management and stock value. It is also a valuable tool in ascertaining best sellers, slow movers and dead stock providing optimum efficiency in re-ordering. It also prevents potential theft, making it harder to misplace or lose stock.

Jewel Master takes away the guesswork giving the company realistic reports; stock can be re-ordered based on accurate historical data. It will identify errors and misplaced items where manually updating spreadsheets are open to human error and can be a long process that can be unreliable.

To find out how Jewel Master can streamline day-to-day processes in your business, click here

Related Posts

Please fill the required fields*

Established in 1953 in Birmingham’s Jewellery quarter, we value great design and are advocates for responsible mining and manufacturing. We create classic, elegant wedding and engagement rings, and provide an efficient and fast friendly service.

Hockley Mint Ltd

New Collection

Lorem ipsum dolor sit amet

New Collection

Sed do eiusmod tempor incididunt

Large Selection

Tempor incididunt ut labore et dolore

Our journey
Phoenix Design Group was created in August 2013 with an aim to fulfill a need in the marketplace as a manufacturing and export company based out of Bangkok, Thailand. Our vision is to be able to carry out all supply chain requirements from start to finish. A 100% complete service.

Phoenix Design Group

New Collection

Loose Lips Sink Ships Tattoo Inspired Jewellery

New Collection

Sed do eiusmod tempor incididunt

Window Display

Tempor incididunt ut labore et dolore

Welcome to Planet Gold

Planet Gold Ltd is a manufacturer of 9ct Gold and Silver Earrings, Pendants, Rings, Lockets and Nose Studs. We specialise in the production of lightweight commercial lines, supplying primarily trade wholesalers and retail chains both here in the U.K and exporting to Eire, South Africa, Australia, New Zealand and Japan.

Planet Gold

New Collection

Lorem ipsum dolor sit amet

New Collection

Sed do eiusmod tempor incididunt

Window Display

Tempor incididunt ut labore et dolore

Visionary and Commercial

We look to partner and work with like-minded individuals and businesses who have energy, passion, drive, love for the industry, enthusiasm and an eye for detail and opportunity in the market.

Mesmeric Distribution Ltd

New Collection

Lorem ipsum dolor sit amet

New Collection

Sed do eiusmod tempor incididunt

Window Display

Tempor incididunt ut labore et dolore

A rapidly growing brand specialising in natural stones for wellbeing.

Modern contemporary jewellery designs married with traditions far eastern beliefs, the brand has successfully bought a collection of jewellery to the industry introducing a new concept of wellbeing through the use of natural raw stones.

Shree Jewellery

New Collection

Lorem ipsum dolor sit amet

New Collection

Sed do eiusmod tempor incididunt

Press release

New product range launched