The price of sterling silver – ouch!!!

I just placed an order for sterling silver components.  How quickly $1000 can slip through your hands!

One of the many lessons I have learned in this jewelry making business of mine is that I have to stay on top of my inventory. Between the Venetian Glass Beads and the sterling silver components, the supplies that I use in Dolce Beada are pretty expensive.  Whether it be the supplies or the finished product, if I don’t know what I have already I end up spending a lot of money unnecessarily.  And I have had to learn this lesson the hard way.  For example last week I discovered that I have 1000 2″ sterling silver headpins – that’s probably 3 years worth – just sitting here.  Oops, how did that happen. When I order supplies, I try to think of my supplies as money – I wouldn’t leave $1000 just sitting under my desk right??  So I try not to over do it when I place that order.  The other thing I really try to be careful about is that I am really ordering the component that I need.  There is nothing worse than ordering a bead for a specific project and then discovering you ordered it in the wrong size!

I think it mainly comes down to being organized.  When I have a place for everything, it is much easier to see when and what I need to reorder.  The other thing that I did a few years ago was to put all of my inventory on Quickbooks.  This was an extremely tedious process but it has definitely helped me to track what I have and also how much each piece of jewelry costs.

Now, perhaps I should clean up my desk – I may unearth some more treasures I have forgotten about.

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