Proper inventory record keeping is a necessary tool in helping a jewelry business be successful.
Taking the time to establish and maintain accurate and up-to-date inventory records will save you time and money in the event of an insurance claim. If you have a loss, your inventory records will prove what inventory has been lost and its value so that your claim may be settled quickly.
Accurate and comprehensive inventory records can make or break a jewelry business.
Jewelers who can quickly identify fast-selling, high-margin items can maximize their profit, while less organized business owners trying to manage their inventory by a gut feeling and mental notes could face larger problems than simply untapped revenue.
As you grow, having insurance for your jewelry business is essential. But not just any insurance will do. With jewelry business insurance from Jewelers Mutual Group, you’ll have peace of mind knowing that your business is protected by a company founded by jewelers, for jewelers in 1913.
Tension has increased across the entire country leaving jewelers especially vulnerable to loss. Read this post to get security advice on how to stay safe during protests. Plus, get tips on addressing damages, filing claims, and seeking emotional support.
Choosing the fastest, cheapest, and most secure option to ship jewelry could be challenging before the term “Coronavirus” became part of our everyday language.
In a twist of fate, shipping has now become one of the most embraced solutions for the jewelry industry.