Over the last year, everywhere we looked we noticed one glaring problem: Managing inventory has become an antiquated and inefficient process, especially in the jewelry industry.

We found the three most popular methods of keeping track of inventory involved the use of labelled bins, barcode tags, manual counts, or a combination of the three. These might work fine initially for small batches of inventory, but as a business grows, keeping track of larger and larger stock levels become inefficient.

These Methods may be:

• Incompatible with products, as some inventory pieces may be too small to tag or too fragile to keep in bins.

• These solutions are almost always aesthetically unpleasant for storefronts and can increase transaction times.

• Taking inventory is usually a slow and drawn out process, sometimes halting business.

• All these methods introduce human error, leading to inventory problems down the line.

• Most importantly, managing inventory using these methods is expensive.
  Tags cost money to constantly print and reprint, and employee costs for taking inventory of a growing business are constantly rising.