Skip to main content

Importance of POS software in Jewelry Business

Benefits of Jewelery POS Software

It is well known that technology has developed the entire jewelry industry. Be it e-commerce platforms, cloud solutions, search tools or web design, online jewelry is increasingly getting empowered with new applications.
As per recent research, it has been found that the online jewelry industry has chances to develop from 4 to 10 % by 2020. Moreover, the sales of fashion jewelry online are expected to develop in a vast way that is about 15 % in this time frame. The majority of these changes would occur as a result of new jewelers implementing e-commerce and several disruptive technologies.   
Some of the tools that help in enhancing customer experience are Point of Sales or POS, social media, inventory, responsive web design, and communication with vendors and customers.
As serious competitors, it is important to make use of modern tools to save money and time.
Benefits of jewelry software:
If you are a diamond trader or jewelry retailer, it is essential to have a reliable jewelry POS system to track inventory movements and levels, marketing efforts and sales and also to generate reports. In the present market scenario, there are numerous software easily available ranging from locally installed software to cloud-based solutions.
If you have plans to install the best POS software for your jewelry business, you need to check whether it comes with the following features. Some of the best features of jewelry POS software are as follows.
Importance of POS software in Jewelry Business
User-friendly interface: Most people do not give importance to the user interface. But, they know its value only when it is complicated. The employees are the main people who spend hours and hours working with POS software. So, the software should be developed as per their level of education and knowledge. They will not be from a tech background. The software should have a user-friendly interface. This way, you do not have to spend much time on giving special training for handling the software to employees. They can easily learn the application in just a few clicks. If the application is complicated, it can result in a loss in the long term.
Customer management: The software should allow easy management of customer’s details. It should also allow to overview of customers past orders, wish lists and preferences. Sorting the customers in various pricing levels and categories should not come under an additional feature.
Inventory handling: It should let the user manage different products without much stress. The features of a necklace, ring, diamond or a chain are completely different and require to be priced and tracked differently. If the POS system is not flexible enough to handle various product categories as per product attributes, it is a waste to install such a system.
Reports: Employee sales, sales summary, and inventory reports- these important reports help in offering complete information about how the retail business is performing.
Sales: The sales modules should generate sales transaction instantly, generate inventory movements for returns and sales and accept the latest payment methods. Other important features include refund handling, developing price quotes and layaways. If the POS comes with marketing tools, then it is a great benefit for your business. It should come with features like gift cards and various marketing options for promotions.
Printing: The POS software should allow printing barcodes, product tags, and catalogs since all these help in improving the automation potential of your business.
Jewelry inventory software
Some of the common features of jewelry inventory software include
  • Sales tracking
  • E-commerce integration
  • In-depth reporting
  • Automated purchasing management
  • Supplier and customer vendor management
  • Exact tracking of reorder points and inventory movements
  • Integrated RFID tracking and SKU handling
  • Automated product pricing
  • Tracking components

Most of the wholesale jewelry vendors are depending on cloud-based solutions instead of an on-premise solution.

 Here Go through some more details of the latest report about POS Software

Summary:
It is recommended to have a cloud-based POS solution for your jewelry business. This way, you can access your business from any device like a tablet or mobile, any operating system like Windows or Mac and from any place that is even from trade shows. POS is useful and worth to install the system in all retail, whole and online jewelry stores. Minimal hardware requirements and fast implementation help to make the cloud-based Point of Sales systems more competitive.

Labels:

Comments

Post a Comment

Popular posts from this blog

Purchase Handmade Jewellery - The Endless Benefits Of Style

Handcrafted jewellery appeared to have faded away with machine made decorations taking through the whole business, in recent years. Yet, recently folks are waking to the uncommon jewellery that's crafted by artisans working with their hands. A jewellery store with no section that is handcrafted looks practically incomplete and more and more red carpet is turning out to be crafted. Actually, the attractiveness of such decorations is really substantial, such that many folks are selecting it for special events instead of picking machine-made decorations out. Gold and platinum items are a hot favourite as jewellery-manufacturing machines are largely crafting silver ornaments. This is because silver jewellery is cost effective and moulding it by hand does add to the price of production. Over and above the singularity of hand crafted decorations, their many edges additionally bring investors and buyers equally towards these pieces of fine jewellery. The benefits of handcraft
14 comments
Read more

Starting A Jewelry Business in India

When you want to start a jewelry designing and selling business, then you must take some measures before things got underway. You will have to think of a name for your company. At the same time, you will have to make sure that no other brand is registered under a similar trade name. You may also opt for trademark registration online if you want to ensure that other jewelers do not copy your brand name. If you already have a business, then it is best that you fulfill all the mandatory legal compliances. Getting your business incorporated You can get a trademark registered under your name, but it is more prudent to set up a company for this purpose. If your pieces of jewelry are handmade, then their copyright and trademark registration is doubly vital. Other jewelers can violate your intellectual property rights if you fail to get your products copyrighted. You must get in touch with an intellectual property lawyer to handle the process of copyrighting your creations.
17 comments
Read more

Handmade Jewellery - Making Your Own Ethnic Jewellery

Began doing this handcrafted jewellery class in January, as one of my New Year resolutions. All that can be said is  that I am really carrying it through, and I have to say it feels fantastic. Up to now I have crafted a copper ring as well as a copper and brass pendant. The ring was easy to make, with a little hammering but the pendant took me three courses to finish.  Copper bangle This week I am going to be trying my hand at a bangle. Tomorrow, I have already cut out the metal and warmed through the metal and certainly will begin twisting it into shape. Making handcrafted jewellery demands a lot of hard work. It gets easier once you understand what you do but it is also quite healing wearing more particularly and jewellery ethnic jewellery designs which you have handcrafted yourself. When clients respect my ring and pendant and inquire where I got it, I can not tell you how I swell with pride when I say, "I made it myself". They generally cannot believe that it
12 comments
Read more