Running a jewelry store is an experience by itself. First, it gives the opportunity to remain surrounded by such beautiful jewelry such as necklaces, bracelets, earrings, nose rings, finger rings, chains, chokers, and many more. Secondly, it allows you to bring a smile to people’s faces by making their special moments such as birthdays, anniversaries, marriages, engagements, and other events more memorable. Jewelry retail stores have always seen good business since people consider it as an asset and as a fashionable thing to buy for various occasions. Nonetheless, the competition between the retail stores still exists, and the store owners can add special features to obtain a competitive advantage over others by the efficient use of technology. One of the key technology solutions that make the leaders different from the followers is an efficient, all-encompassing jewellery management system.
In this article, we discuss the multiple benefits of using jewellery management software in a jewellery store.
Benefits of a Jewellery Management Software
Stock tracking to manage inventory
The jewellery inventory software available in the jewellery management system enables the owner to keep track of all the jewelry items in the store. It tracks what items have come in from the vendor and what items have left the store for delivery to enable you to understand what is the stock in the store. When a jewelry item reaches a minimum limit, immediately, an order is placed with the vendor to avoid understocking. Therefore, the jewellery retail software facilitates the efficient management of inventory in the store.
Efficient billing process
Using the jewellery billing software available in the jewellery management system, owners can make it possible to search the product in a single click. This is because unique barcodes are allocated to each product and entered in the jewellery Point of Sale system. For each unique barcode entry, there lies the product name, description of the product, unit numbers, price, material used, brands, and other details to simplify the shopping, billing, and checking out processes. Moreover, the categorization of products makes it easier to manage inventory.
Omnichannel shopping experience
The jewellery management system enables the store owners to add the digital channel to their already-existing physical store. It enables them to display an online catalog featuring the products, images, prices, any offers or discounts, and other details. The digital channel gives an additional option for the customers to check out the products on the mobile, and customers can have a look at a wider range of options. Purchasing is also made possible if the mobile POS features have been integrated with the jewellery store POS software.
Managing employees’ performance
Jewellery Management System has the feature of keeping track of employees through their check-in and checkout time, allocation of work, trading of shifts, leaves, sales made, any complaints, and other factors.
This feature enables the store owners to manage their employees well since any untoward access to the items in a jewelry store can turn out to be an extremely costly affair.
Providing multiple payment options
Jewellery POS software available in the jewellery management system integrates multiple payment options so that customers can select the option convenient to them.
The various payment options include credit cards, mobile payments, gift cards, cash, contactless payments, and many others.
Facilitating repairs and returns
Jewelry is a thing, which may require repairing in a few months. Moreover, there is a possibility of the user returning the jewelry.
The jewellery billing system must have this feature to enable bookings for repairs and returns, status updates, and completion of the transaction.
This adds to making the customer experience better.
Tracking customer’s preferences and journey
The jewellery management system keeps track of the customers – their order, the reason for purchase if shared, purchase history, preferences, and other details. These details enable the store owners to wish the customers on their birthdays and anniversaries to show that they care. Such information can be used to target them in the new marketing and promotional campaigns when a new product arrives in the store or at the time of festivals or special events. Such initiatives by storeowners give the customers a feeling of personal, customized services.
Monitoring the sales by product categories
The jewellery management system gives a better view of the sales figures, expenses, and profits, all in real-time.
It comes with a reporting feature that enables the storeowners to generate total sales reports, sales by each product category, sales volume per customer, and similar reports to get an insightful analysis useful for further strategic decision-making.
Thus, a robust POS system can turn the business fortunes by lowering the cost of doing business, improving the returns, and increasing productivity through enhanced customer experience.
Ari’s jewellery management system ensures an advanced level customer experience through its various features and benefits. It facilitates product security, faster transactions, tracking of orders, and quicker decision-making. It helps in faster bill generation, generation of insightful reports on customers and orders, multi-lingual support, multi-store management, RFID support, and real-time synchronization to improve the experience of customers and hence, lead to business growth.
Try Ari Jewellery Management System for free before making the final purchase!