Name: FTS Diamond Inventory
Author: Foogle Tech Software

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FTS Diamond Inventory is a software solution designed to efficiently manage and track diamond inventory for businesses in the diamond industry. According to the vendor, this solution is suitable for companies of varying sizes, including wholesalers, retailers, manufacturers, jewelry designers, and gemologists. By offering features for inventory management, sales tracking, reporting, and more, FTS Diamond Inventory aims to streamline operations and improve efficiency for professionals in the diamond industry.

## Key Features

**Inventory Management**: FTS Diamond Inventory enables users to effectively track and manage diamond inventory, including carat weight, cut, clarity, and color. Users can easily add, edit, and remove inventory items and assign unique identification numbers to each diamond for easy tracking. The software also allows users to generate reports on inventory levels, stock movement, and other relevant metrics.

**Sales Tracking**: Users can record and track sales transactions, including customer information, salesperson details, and diamond specifications. FTS Diamond Inventory enables users to generate invoices and receipts, monitor sales performance, and analyze sales trends. The software provides a comprehensive view of sales history and customer preferences.

**Reporting**: FTS Diamond Inventory offers users the ability to generate comprehensive reports on inventory, sales, and financials. These reports provide insights into inventory turnover, sales performance, and profitability. Users can customize reports based on specific criteria and parameters and export them in various formats for further analysis or sharing.

**Diamond Grading**: Users can capture and store diamond grading information, including carat weight, cut, clarity, and color. FTS Diamond Inventory allows users to access grading certificates and documentation for each diamond, compare the grading of different diamonds, and utilize the grading information for pricing and valuation purposes.

**Supplier Management**: FTS Diamond Inventory provides features for managing supplier information and maintaining a comprehensive supplier database. Users can track supplier orders and deliveries, monitor supplier performance, and maintain a record of supplier interactions. The software streamlines communication and collaboration with suppliers, facilitating efficient supply chain management.

**Customer Relationship Management (CRM)**: FTS Diamond Inventory offers CRM functionalities to maintain a database of customer information, including contact details and purchase history. Users can track customer preferences and buying patterns, manage customer inquiries, requests, and complaints, and leverage CRM features to enhance customer satisfaction and loyalty.

**Integration with Diamond Industry Standards**: FTS Diamond Inventory supports seamless integration with industry-specific standards and protocols for effective communication and data exchange. The software ensures compatibility with diamond certification bodies and grading systems, supports industry-specific barcode and labeling requirements, and stays up-to-date with industry regulations and standards.

**Security and Access Control**: FTS Diamond Inventory implements robust security measures to safeguard sensitive diamond and customer data. Users can control user access and permissions based on roles and responsibilities. The software maintains data confidentiality and integrity through encryption and secure protocols, and regularly backs up data to prevent loss and enable data recovery.

**User-Friendly Interface**: FTS Diamond Inventory offers an intuitive and user-friendly interface for easy navigation and operation. The software provides customizable dashboards and views to cater to individual user preferences. It offers quick search and filtering options for efficient data retrieval and supports multi-language and multi-currency capabilities for global operations.

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Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

Inventory Management

Foogle Tech Software

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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FTS Diamond Inventory

Overview

What is FTS Diamond Inventory?