RFID IN ENTERPRISE JEWELRY SOFTWARE
INNOVEZ ONE pioneered the one of the first RFID jewelry system in 2002 using FEIG readers.
What is RFID ?
RFID stands for Radio Frequency IDentification. RFID is used for automatic data capture (ADC). Using RFID tags which carry a unique identification codes, they are assigned to each product item in the supply chain. From the time of tagging, RFID offers real-time visibility into the movements of inventory and shipments to when the product exits the supply chain.
RFID uses radio waves by which the data in each RFID tag is captured in a reader captures information wirelessly in real-time.
What Does it mean for a Jewelry Business?
With RFID attached to each jewellery item, hundreds of pieces of jewelry items in the display areas (shelves), strongroom and along the supply chain can be tracked ALL at the SAME TIME! This translate to enormous cost savings for inventory management, losses due to theft or displacements. Savings of thousands of dollars a year for the jeweller! In addition with a real-time visibility of the inventory empowers you to make accurate purchasing decisions. RFID can help you ensure an optimal supply chain inventory levels, while lowering you overall operating expenses.
Save Overall Operating Costs
Inventory management takes up more than 60% - 70% of the operational time of a jewelry business. Currently tracking thousands of jewelry items in the strongroom and retail display spaces are time consuming and error prone. Using RFID hundreds of jewelry items can be automatically captured in the entire supply chain with little human intervention.
Locate & Track Your jewelry Real Time
EJS use RFID to track and trace thousands of your jewelry pieces real-time as they move from the strongroom to consignments, to retail display shelves to eventual final sales of each piece of jewelry. Accurate traceability of each and every individual jewelry piece is now possible with EJS. This enables you to make quick and accurate inventory decisions that results in an optimal supply chain inventory levels.
Enhanced the Security of Your Store
By tagging each jewelry with RFID, displaced or missing items can be found quickly. RFID also implements early theft detection by issuing an alert when a jewelry piece is removed without proper checkout by the authorised personnel. During trade exhibition, it is not uncommon to lose jewelry pieces due to theft. Security in an exhibition area is never as good as your own store with controlled access to expensive items. With EJS, our team has carefully designed handheld (PDA) RFID and laptop software solutions that provides monitoring and business accounting tools for you to perform at the same level of efficiency as if you are in your own store.
Increase Potential Retail Sales
RFID empowers the retail business with detail knowledge of customer shopping behaviour within your stores. Using RFID, find out the average shelf life of the jewelry item, the effectiveness of product physical positioning in relation to sales, customer buying patterns.
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