In the diamond and jewellery industry, it is essential to maintain an accurate and reliable stock. However, outdated practices, which come with human error, can never give exact and reliable figures. Manual stock counting wastes a lot of time, which finally leads to an inefficient and unproductive workforce. This is where RFID technology can redefine businesses by quickly and accurately tracking inventories
New applications for RFID technology are constantly emerging to solve an age old problems across industries. In the retail industry, every store has inventory which may range into the thousands, even hundreds of thousands of pieces and dollars. Jewellery stores have millions of dollars invested in thousands of earrings, necklaces, and bracelets. With RFID jewellery tags, inventory automation becomes a viable option.
Placing an RFID tag on every piece of jewellery is the major part of jewellery tracking application and will go with a handheld reader to scan the items. Blue Floras has identified the cost effective RFID tags with best accuracy after having intensive R&D.
The android application software will ease the inventory auditors to upload the scanned items in real time to the cloud which in turn visible to higher management or inventory department with various analytical reports.
If you have inventory on the showroom floor, perform a quick sweep of the inventory by waving the handheld reader from side to side capturing all the tags. To get an accurate inventory check, bring the handheld reader within a few inches of each tag.
Recent findings by IDTechEx Research show that the demand for RFID technology is growing rapidly across the globe with the market predicted to triple in 2020 to $23.4 billion from $7.88 billion this year.By 2024, RFID business will have grown another 29 per cent to $30.24 billion and will play a role in almost every industry.