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Value Proposition
While some end uses search for a viable ROI in the use of RFID tracking, one application that has clear and immediate benefit is using RFID in jewelry tracking. Tracking jewelry inventory is uniquely suited to the use of RFID for several reasons.
Current Process
Currently, most jewelers track inventory on daily or weekly basis. This is often a completely manual process, which is very time-consuming, requires handling of each jewelry item, and is error-prone.
Designing the System
There are a number of different ways in which the RFID system can be deployed, each having varying levels of accuracy, but also costs and complexity to install and maintain.
Item Level Reader Systems
For jewelry applications, there are basically three options for RFID tracking of the jewelry items.
RFID Frequency
Most RFID jewelry tracking applications deploy one of the frequencies: HF (13.56 MHz). It offers specific benefits.
Tag Form Factors
There are several ways that the RFID inlay can be introduced into the jewelers tagging system.
Photo Gallery of Successful Implementation of Proof of concept.
Recommendations
For jewelers interested in pursuing a pilot for RFID Jewelry Tracking, it is critical to define the points as listed in the "Designing the System" section.
ROI using RFID for Jewelry Retail Application
Value Proposition:
While some end uses search for a viable ROI in the use of RFID tracking, one application that has clear and immediate benefit is using RFID in jewelry tracking. Tracking jewelry inventory is uniquely suited to the use of RFID for several reasons:
1. The high value of the jewelry items makes the loss of even one item potentially very expensive, thereby making it easy to quickly recognize an ROI.
2. Since many jewelry displays are set up daily and then stored in safes in the evenings, there is ample opportunity for loss of product.
3. Due to the fluctuation in jewelry value as the price of gold fluctuates; the insurance costs of inventory can vary. It is critical to maintain accurate inventory in order to maintain accurate insurance records.
4. For some stores, the jewelry inventory can be consigned inventory. Again, it is critical to maintain clear records of inventory as the value of the jewelry fluctuates.
5. Jewelry sales require one-on-one attention of the jewelry sales person who tends to be highly specialized. Any time a sales associate is not working on mundane tasks such as inventory tracking is time they have freed up to spend working with their customers.
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