Jewelry trade is known to have originated thousands of years ago. Even in the earliest known civilizations of Harappa and Mesopotamia, archaeologists point the existence of jewelry trade. Human civilization has arrived a long way since then.
The approach towards buying and selling has evolved. It has arrived at a point where every city and town has one or more retail stores, which sells jewelry and watches. They require technology in order to automate the buying and selling process, which is why the POS software for Jewelry stores enters the scene.
The retail market has lots of possibilities, yet it’s unique. Jewelry market is not immune to this at all. Not only do the leading jewelers flaunt an inventory of their most beautiful collection of diamonds and gems crafted in silver, gold, or platinum, but they also provide highly customized services to their clients.
Tradition Collaborated With Technology
Considering the business of jewelry is a niche sector, jewelers tend to have highly specified business processes, which therefore requires functionalities and features that are jewelry specific for retail systems.
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More and more successful jewelry merchants of modern times are combining tradition with cult edge technology for the purpose of offering a broad selection of products paired with excellent personalized service.
Over the past few years, or let’s just say since “internet boom”, the internet service has become a boon for jewelry merchants. There are many products that have turned into commodities that generally end up showing lower margins. On the contrary, the consumer marketplace has been expanding exponentially for the merchant who is assigned to manage the business.
Enhanced Inventory Management Suggests Better Growth
Installation of improved POS software for jewelry stores is known to boost the business, thanks to the modified inventory management system. In a highly competitive market, where the competition is growing day by day, your potential, as a jewel retailer, to manage the costs and hike productivity can impact your profit and growth marketing significantly.
Your bottom line has to endure the same impact. In such case, POS software for jewelry stores helps retailers to keep an accurate track on inventories and inventory costs. The software for point of sale in jewelry store can make a huge difference between a barely surviving and a thriving store.
How POS Software Helps Jewel Retailers
The software helps to optimize and simplify the inventory management process of a jewelry retail. With the software, one can easily maintain and recall important data like costs and pricing, vendor IDs, and invoice numbers. It also deals with handling data for print tags with barcodes, etc. Jewelry retailers can update their accounts and inventory in real-time. They can also include the pictures of the concerned products with the help of this software.
The software is fit to offer a complete set of business management solutions for jewelry retails. Edge, for instance, which happens to be one of the leading software products for jewelry business, helps analyze inventory and notifies when certain data is under-stocked or possibly over-inventoried.
Software like ARMS Windows Signature Series helps jewelry retailers by identifying sales opportunities. It categorizes spending habits of customers by their respective sex, age, and ZIP code for every product group with the help of its state- of-the- art Windows POS and CMS, i.e. Customer Management System. Not only this, but opportunities such as trade shows are effectively enhanced by the software. It allows the concerned retailers to print catchy catalogs for the open-to-buy system of inventory.
If a jewel merchant has multiple branches of jewelry stores, he/she can synchronize the business by purchasing a license that permits the use of the system across multiple locations at a time.
“Multi-Version” feature offered by WinJewel permits up to ninety-nine outlets to upgrade each other’s inventory as well as sales information on a daily basis. With fast internet connectivity, WinJewel is capable of synchronizing all outlets in a retail chain with a live and real-time synchronization with the main store or head office.
Jewelry retailers can enhance their customer service by building a customer database through which the POS software can alert them of upcoming events like birthdays and anniversaries.
POS Software – Major Features
• Install the extension from the website that facilitates Facebook store set up
• Customer and Vendor Database
• Inventory analysis, update, and catalog
• Bar coding
• Integration with accounting software
Final Thoughts
With shorter learning curves, the POS software proves indispensable and convenient in driving greater profitability. One could call the system as one stop solution for jewelry retailers to boost sales.
