Jewel Wholesale & Retail

Diamond Inventory Module

Diamond Inventory module keeps track of the receipts and issues of diamonds and stones. It is integrated throughout with the sales and purchase flow. The module allows categorizing and grouping diamonds and stones on the basis of common attributes. This helps in efficiently managing the inventory. This module helps in minimizing inventory cost and optimizing inventory levels by alerting the users on reorder levels. Inventory reports can be used to find out details of receipts, issues, transfer entries and adjustments made.

• Diamond and color stone inventory module provides the capability to create and maintain Receipt, Issue, Transfer and Physical Inventory entry
• Diamond inventory by lot number as well as by quality, clarity and shape
• Supports certified diamond management
• Purchase Memo: Diamonds from vendor can be received by vendor invoice or by vendor memo. Tracking open vendor memo and memo reconciliation with vendor
• Sales Memo: Sending diamonds to customer on memo. Open memo tracking and open memo aging, memo reconciliation with the customer
• Inventory classification: What is owned and what is in hand. What amount of vendor's  inventory is with us on vendor memo. What is our inventory with the customer on sales memo
• Inventory valuation based on weighted cost and market price
• Barcode enabled
• Integrated with Sales, Purchase and Accounting modules
• Physical Inventory system allows entering physical inventory, compare with system inventory, process adjustment data and update stock
• Stock report gives memo stock and stock-in-hand separately