Keep Your Inventory Golden, Even When Markets Shift
Right now, higher operational costs and cooling consumer demand mean cash is king.
So whether you’re selling million-dollar diamonds or affordable, high-volume costume jewelry, buying the right inventory, at the right time, is critical to keep your cash flow healthy.
Count on Inventory Planner’s top-rated demand forecasting and reliable buying recommendations to know exactly what to buy and when to buy it to meet demand and your sales goals, while avoiding cash flow killers like overstock and out-of-stocks.
Features for jewelry brands
Forecast accurately, buy confidently
Knowing exactly how much you will sell (right down to the last earring) is essential for making informed purchasing decisions. Inventory Planner cleverly predicts demand and offers reliable buying recommendations for all your products. Plus, it factors in fluctuations like holiday seasons, flash sales, YoY sales shifts for ultimate accuracy. It even reveals key details like how much you’ll lose if you delay ordering.
Customized for retail and wholesale items
Wholesale and retail products sell at different paces and quantities, so they need a different approach. Inventory Planner separates retail and wholesale goods and uses separate forecasting models, so you get buying recommendations that you can rely on (and you never overstock or run out of stock again!).
Release cash from overstocked items
When you’re dealing in gemstones, gold and other glittery things, the value of your inventory is higher than most businesses. That means you’re at risk of having more cash tied up in slow-moving inventory, which stops you investing in other things. Inventory Planner highlights any items that aren’t selling fast enough alongside the associated cost, so you can quickly see which items to liquidate first to release cash.
SKU-level inventory insights
If you stock lots of different variants (including shape, material, color and size), it can be extremely challenging to work out how much of each variant to re-order. Inventory Planner makes it simple. It forecasts sales and provides purchasing recommendations at variant level, saving you hours on tedious, error-prone calculations.
Bundle and assembling made simple
Inventory Planner forecasts demand by bundle and assembly and breaks it down to purchasing recommendations for each component, so you know exactly what to buy and when to buy it (and you can stop overbuying some components and underbuying others, which messes up your cash flow).
Forecast for multiple warehouses
Inventory Planner accurately forecasts customer demand for each of your inventory locations including your own warehouses, brick and mortar stores, Amazon FBA and 3PLs. Based on forecasted demand, it offers reliable inventory buying recommendations including warehouse transfer insights to help you balance inventory across locations before ordering new stock.
Actionable inventory insights
Inventory Planner translates your inventory and sales data into 200+ meaningful metrics that help you make cash-boosting decisions. Plus, integrating with Google Analytics, Inventory Planner offers you extra insights by coupling your inventory performance with marketing metrics.
Plan your purchasing budgets
Make sure you properly plan how much you’ll invest in jewelry inventory with Inventory Planner’s Open-to-Buy (OTB) feature. It lets you plan your buying budgets by month or retail weeks based on metrics like previous years’ revenue, expected margins and even the exact number of units you need to order based on retail price.
Buy new styles with confidence
Does investing in new products feel like a gamble? Inventory Planner eliminates the guesswork by allowing you to ‘borrow’ sales data from similar products as a reference to predict future demand for new products. You’ll then get buying recommendations for every variant (including size, color, material), so you can invest with confidence.
Get your customer demand forecasts and inventory buying recommendations
Book a demoFaq
Frequently Asked Questions
It starts with your data
Your inventory and sales data is the foundation on which our accurate forecasting and inventory planning is built on. That’s why we’ve made it easy to seamlessly and securely add it to Inventory Planner.
No matter where you store your data (whether it's your online stores, inventory and order management systems, warehouse management systems, or ERP, EDI, accounting tools and spreadsheets); we’ll get you connected so that you get forecasting and inventory buying recommendations that are accurate, reliable and always up-to-date.
See all Integrations