ESSENTIAL TIPS FOR MANAGING YOUR JEWELRY INVENTORY

How much jewelry inventory should you own and how do you manage it? 
Inventory management is a process of keeping track of your stocked jewelry, and documenting their weight and dimensions, number of pieces by attributes and variations, and location.

Here is Blings management guide: 
Efficient and effective jewelry inventory management is critical to your business because it helps you minimize the holding costs by knowing when to replenish them and when to buy materials to manufacture them. Needless to say, negligent or inappropriate management of inventory can lead to loss of revenue from unmet sales targets because of failure to replenish the pieces when necessary or loss of more money for overstocking leading to unsold inventory.

 There are many costs – some are hidden –  involved in negligent inventory management (or the lack thereof). These costs can be avoided with the right inventory management techniques. 
In this post, we’re going to talk about the costs involved in sloppy inventory management, the benefits of efficient inventory management, and the techniques you could apply for a healthy supply chain
Dead stocks are items that remain unsold when it should’ve been sold already and cannot be sold anymore. In the jewelry industry, especially in fashion or costume jewelry trade, dead stocks may comprise of pieces that had gone out of style or season. It becomes irrelevant to the market; therefore, its value declines.