How to Manage Inventory for Your Small Business: 7 Tips to Kickstart Your Strategy

Small businesses tend to have more trouble with inventory management than large-scale businesses. And that’s not because they have more goods to deal with but more specifics to deal with, i.e., management tips and procedures. A lacking here will be causing more damage to their [...]

The Importance of Working Capital Management for Small Business

In all industries and especially in retail jewelry, efficient Working Capital is essential. Working Capital is defined as the difference between Current Assets and Current Liabilities. One measurement of a Company’s health is the Current Ratio, or Ratio of Current Assets to Current Liabilities. [...]

Keep Inventory Turning: In with the New, Out with the Old

There is very little that is more important than managing your most valuable asset — your inventory. You can achieve unprecedented metrics for your company by paying special attention to the three critical areas of inventory management: Replenishment, New Purchasing and Aged Inventory. Replenish [...]