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Inventory software management solution is the core of a business and running one with no or indistinct inventory may create chaos. For the past several decades, inventory management has been done manually using physical registers and lately digital spreadsheets.
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Until the last decade, it was just enough to have a physical storefront to sell products, but this is not the case now.
Studies show the fact that, by the end of 2024, mobile apps are going to gross a revenue of $980 billion across the globe.
The diamond industry is still largely run on old-fashioned ways of procurement, production, and sales. In this mode of operations, merchants usually have to suffer big losses due to dead stocks and unsold items.
Like the any other industries, raw diamond and diamond jewelry industries have also forever been changed after the invention of CRM (Customer Relationship Management) systems.
Irrespective of the nature and size of a business you run, inventory management is a crucial function to source, store, track, and manage your stocks and facilitate sales process.
It is estimated that by the end of 2024, mobile apps will be generating a revenue of more than $935 billion.
Any diamond trading business in this sector may need an ERP system tailored to the unique needs of the industry.
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