Top Inventory Planning Solution For Jewelry Brands

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.

"We have more than 20,000 SKUs, with up to 5,000 new products added each year, so staying on top of our inventory has previously been a challenge – and overselling was an easy mistake to make. Inventory Planner has changed all that."

Jeff Elvin, President Dakota Stones

Get your customer demand forecasts and inventory buying recommendations

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Faq

Frequently Asked Questions

1. Who is Inventory Planner for?

Inventory Planner is the market-leading inventory planning software that is designed to help retailers, e-commerce brands, wholesalers and manufacturing merchants to make data-driven, profit-boosting inventory purchasing decisions based on reliable customer demand predictions, with different supply patterns factored in.

We support 2,600+ worldwide brands from startups to billion-dollar companies in every industry imaginable – from jewelry and fashion to FMCG.

If your business holds inventory in your own warehouses, brick and mortar stores, or if you use Amazon FBA or 3PLs, and you want to reduce your excess inventory or safety stock ratio while keeping stockout risk low, Inventory Planner is for you.

2. Do I still need Inventory Planner if I already have an Inventory Management System (IMS)?

Short answer: yes! Longer answer: Inventory Management Systems are useful for tracking goods, but they don’t help you forecast demand and plan your inventory purchasing, especially when market trends are rapidly changing and consumer demand is unpredictable. Inventory Planner does.

In a nutshell, if you’re using an IMS, but still experiencing out of stock or excess stock issues, you should try Inventory Planner.

To learn more about the difference between an IMS and Inventory Planner, and pick the right system for your business, take a look at this guide.

3. Should I book a demo or start a 14-day free trial?

A virtual demo with one of our pros is the best and fastest way to see exactly how Inventory Planner will work specifically for your businesses, without needing to connect and configure your data yourself.

However, we understand you might prefer to dive straight in and explore for yourself (especially if you’re a demand forecasting or inventory planning specialist) so we also offer a 14-day free trial.

4. How is Inventory Planner different from other providers?

We’re proud to stand out from the crowd in a number of ways, including…

We’re true leaders in our field: Unlike generic inventory softwares, Inventory Planner is a market-leading specialized solution. We started back in 2012 (when inventory planning wasn’t even a ‘thing’!) and we’ve spent more than a decade fine-tuning our forecasting and inventory planning models so they get results, even in turbulent times.
Our forecasting is transparent and customizable: We believe you can only make informed decisions when you fully understand your data. With Inventory Planner, you’ll know exactly how your forecasting has been calculated (and you can tweak it to suit your needs), so you can take our forecasts and purchasing recommendations and use them to help you meet your goals.
We’re always evolving, just like the retail market: As part of Sage Group, we’re able to invest heavily and regularly in our innovation, so we’re always a step ahead of our competition when it comes to offering reliable forecasting and intelligent purchasing recommendations, even as markets shift.

5. Is it easy for me to implement and configure Inventory Planner on my own?

There are two options:

Implement and learn the system on your own
Inventory Planner is built to be intuitive, so you can self-implement the system and configure your forecasting strategies if you have experience with forecasting softwares and the bandwidth available.
Faster onboarding, led by us (RECOMMENDED)
If you’re looking for optimal time-to-value, we recommend our guided onboarding, led by us. This is the faster and hassle-free way to get set up for success. Our forecasting pros will get you and your team up and running on Inventory Planner quickly (on average within 30 days), including system integrations, data migration, bespoke forecasting strategy configurations, tests and intuitive training. It’s the best way to ensure you get the most from Inventory Planner.

6. What's the SKU limit with Inventory Planner?

Inventory Planner is a scalable solution built to work for businesses of any size, from startups to billion-dollar companies – so there is no SKU limit.

Plus, with our Data Warehouse Connectors, data from any source can be seamlessly synced with Inventory Planner (which means no siloed data or delayed syncs for businesses with large data sets across various platforms).

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.

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