The technology market today is saturated with a lot of offerings that promise to minimize your manual work, integrate your processes, and create cross-functional effective operation within one system.
However, every industry is unique in ways they operate and function. So is the jewelry industry including the wholesalers who are running their business mostly working with retailers and a variety of big vendors, as well as retailers whose operations are mostly focused on the end customer, people who are purchasing the products from jewelry shops.
Jewelry business people are surely very familiar with all the challenges automation carries for this industry. Today, it is more than evident that implementing specialized jewelry software is the solution to an immense amount of issues with integrations, cross-functionality, data security, industry-specific features and so much more.
What are the main components of jewelry software?
Both jewelry wholesalers and retailers are operating in a multifunction org structure. Streamlining operation in a way that is inclusive of all functions/ departments and their specific processes is a challenging task.
Off the shelf, generic ERP software is hardly a solution when it comes to the jewelry business. More companies every day start utilizing software that is crafted especially for the jewelry business, with the understanding of industry-specific operations, processes, and most important challenges that are unique to jewelry wholesalers and retailers.
Specialized software enables companies to effectively manage a wide range of various aspects of all stages of operations, like jewelry design, quotes, and catalogs, orders, purchasing requests, sales, accounting, inventory and marketing, website integration and management, and many more.
With this said, let’s jump in and highlight the essentials components jewelry software must have in 2021 to help businesses operate smoothly and efficiently.
Every business is different, so it is extremely important to provide a system that is flexible to adjust to your company’s needs without further customizations and overhead fees. So finding a system that has all of the above integrated is a great way to optimize your business processes, save time and money on unnecessary manual tasks, and reduce headaches when scaling, opening a new branch, store or just changing the way you operate.
Selecting software for your business
Before embarking on the journey of implementation of a new software tool, it is extremely helpful to brain-dump all of the processes you currently have that do not run smoothly or are still done manually. The next step is to think of ways in which these processes can be optimized by a software tool and looking for one that covers your needs in the way you expect or even better, in a way that exceeds your expectations, making your day-to-day operations organized and swift.
Having the components and features you require listed and handy is a great way to check if the software you are browsing meets your expectations or not.
There are a few items to keep in mind when selecting the software;
Why should businesses deploy jewelry software?
Most jewelry shops and manufacturing units are now relying on specialized jewelry management solutions. Undoubtedly, this saves time, money, and effort thereby leads to massive tangible and intangible long-term benefits. Here are some major advantages of jewelry software:
Market Trends 2021
Understanding the market trends will have a tremendous effect on your purchasing decision when it comes to a jewelry software. The industry is growing according to multiple research agencies.
Some of the key factors impacting the jewelry industry are;