To predict the demand for jewelry items in the future, you must have knowledge of product performance of the past. And that is one of the important functions of a well-designed jewelry software program.
Of course, no matter how well designed, a jewelry software program cannot totally eliminate intuition and luck. But having a well-organized and accurate history of sales provided through jewelry software reports, will take much of the guesswork out of inventory management.
A jewelry software program will help you look at a number of forecasting factors such as product history and the expected demand. The reports generated by your program should give you an in-depth analysis of numbers, both for historical sales and ongoing sales curves. At the very minimum, you should be able to rely on your jewelry software reports for 60% of your forecasting decisions with 20% based on experience and 20% on intuition.
Naturally, the more you become familiar with your jewelry software, the more reliable your inventory planning will become. You will never obtain 100% accuracy but 90% is an achievable goal.
DON’T BE TIMID ABOUT CUSTOMIZING YOUR JEWELRY...
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