Inventory, oh Inventory!
Alexia, Brooke, Karina and many others have asked:
"What is included in inventory? Is Inventory just my finished jewelry? Do I include metals and gemstones that haven't been made into anything too?"
Short answer: yes, include the following:
- Raw Materials available for production
- Works in Process not yet ready for sale
- Finished Goods available for sale
Would I be able to add SKU numbers for my finished pieces and variations if I use different gemstones? I am looking for an easy to use and maintain inventory system. Currently, I am using Excel with my own spreadsheet.
I've used benchworks, jewelry manager, and craft manager, but could not keep up with them. I find spreadsheets easier to maintain. [read more]
Now is the time to learn how to properly track and price jewelry inventory. Get the excel workbook!
Do you have jars, bins, or plastic sorted containers of beads and stones you bought with pure joy and excitement to use them, but they are still sitting there? Have you wondered how to use your gemstone inventory?
The correct way to use your gemstone inventory is similar to how you should treat your clothes.
We often talk about inventory management as tracking bought and sold, but rarely do we focus on managing the levels of it.
When gemstones are stored, it's often the classic "out of sight out of mind" scenario.
Have you heard the rule that when you buy one new item of clothing you have to get rid of one you don't use? Well, it's the same with stones.
If they're out of site, you won't use them. Sure, in the back of your mind, the existence of them is floating around. Perhaps you even know what you want to do with them. [read more]