Jewelry stock is costly and has to be managed meticulously. Inventory carrying costs are high due to fluctuations in prices, security concerns and heave investment required. Software provides tools to analyze and significantly reduce this cost that smoothens cash flow and increase profits. Stock accounting gives proper picture of metal stock and its moment. It suffices statutory requirements.
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Stock Inward
Purchase can be recorded using entry of purchase invoice. Some times invoice (Accounting part) receives after receiving goods. In this case goods receipt can be recorded using Delivery Note. (Only stock accounting.) Stock inward on approval basis , location wise stock inwards can be handled effectively. Appropriate effects are made in respective stock registers |
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Stock Accounting
Normally each organization kept required stock register in particular formats. Software provide old method of GS-11 (Old metal),GS-12(New metal) register. Alternatively you can maintain stock in single stock register. Sub contractors stock with proper accounting of allow, wastage is done. Summary report is provided to tally stock register with trading account stock statements. |
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Labeling & Inventory management
Labeling gives unique identity to each ornament. Labeling can be done with manual tags, barcodes or RFID tags. All necessary information could be stored against label. Using label no. All information can be capture while entering ornament details Labeling is necessary to generate whittle information reporting and developing security measurements against shop lifting, leakages in precious stock items. Software provides cost effective option for bar coding. Labeling in case of multiple branches is handled in proper way.
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Subcontractor (Smith) Working
Customer orders with all details can be taken. Booking of ornaments, booking with modifications, order based on customer samples or shop samples; are handled appropriately by the software. Work to be given to smith, receipt of order item alone with sample if any, delivery to customer; this supply chain can be automated. Multiple time advance or gold received from customer is taken into account while preparing order sales bill. All details of the order alone with its status can be viewed any moment. |
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