Retail

RFID Solutions for Jewelery Tracking

Overview

Business Need

Currently most of the jewelers track inventory on daily or weekly basis. This is often a completely manual process, which requires handling of each jewelry item separately, and is therefore, very time consuming and prone to errors. This type of inventory tracking may lead to misplacement, loss or even theft. In a premium business such as this, even a small error or loss can be significantly expensive. Huge amounts can be lost due to inefficient and slow inventory tracking. While RFID is widely being used as an effective tool in retail industry, one application where it has immediate and direct benefits is Jewelry tracking. RFID based jewelry tracking system enables tracking inventory via scanning and therefore instant stock update while increasing the staff productivity. Moreover, by automating these processes, the Jeweler can focus on his core business, viz selling Jewelry.

Our Solution

Ashtopus Technologies’s solution can be deployed in-store or at the warehouse and be used for updating and tracking inventory. Jewelry items can be tagged with discrete, tamper-evident RFID tags with unique identification numbers linked with full details of the item. On scanning the items with a small reader, the information can be transmitted to an inventory database, which runs on a standard PC in the store/warehouse.

Once attached to an item, the tag cannot be removed without deactivation. Any tampering and / or misplacement can be detected while taking inventory using a handheld RFID reader. Thus within a short time inventory can be taken and uploaded to the database which facilitates smooth business through seamless visibility. At the end of the business day, the stocks at store can be scanned and reconciled with the updated database. If any tags are uncounted for, the software has the capability to send alerts to the staff.

Business Benefits

Automation of inventory check process at store

A reduction in the person-effort involved in Inventory audit, thus enabling faster tally of the inventory at set intervals Electronic recording of the goods movement from Inventory room to the store display Reduction in shrinkage, superior theft alerting Enhanced visibility into supply chain from manufacturing unit to Stores, and for exhibitions/external

Displays

Stock Take in Minutes

Cut the time it takes to do stock takes several folds. RFID requires no line-of-sight so you can scan many tags in seconds even while they are hidden under trays. You can even make stock takes faster by using multiple scanners simultaneously.

Track Anywhere

Unlike most RFID systems, Ashtopus Technologies offers the mobility to scan anywhere. On the road with a sales rep, trunk shows, to-and-from the vault. Know exactly where all of your items are at any time. Ashtopus Technologies reports can be exported to an Excel file.

On-Demand Visibility

Ashtopus Technologies reports outline in detail any missing, misplaced or stolen items on the next scan. It specifies which employee scanned the item last and the date/time of the last scan. Daily inventory scans have been proven to reduce shrink, saving thousands of dollars each year.

Leaner Inventory

More frequent stock takes allow you to gather crucial information about your inventory. Uncover aging items and popular items on-demand to help you make better restocking decisions. Track which items were shown to a customer by placing the jewelry items on the Pad Scanner. Not only is this a great tool for displaying images and item information to your client, it also generates salesperson performance and item show-to-sale ratio.