Automatic Identification & Data Collection (AIDC) technology communicates information about items wirelessly using different technologies. One such technology is RFID, these systems help in asset identification and tracking by using radio signals. These solutions are particularly useful in the retail sector. For example, the RFID jewelry tracking system is very popular in the said industry, as it provides a lot of operational streamlining and security.
So, let's discuss the functions & benefits of implementing an RFID jewelry tracking system in your business.
What is the Use of RFID in Jewelry Tracking?
Radio Frequency Identification or RFID is an AIDC technology that communicates data wirelessly using radio signals. With the successful integration of an RFID system, you can scan for all the items in your facility. Asset tracking is one of the primary functions of this technology. The readers in your facility can read any tagged item within its interrogation zone. Then automatically update the database with the location of the item and time of reading.
Functions of RFID Jewelry Tracking System
RFID systems provide a variety of functions and services to users. Automatic data collection provides automation and optimization of a variety of operations, like-
(A). Inventory Audit
An essential task necessary to manage a business is inventory management & keeping. With the help of RFID, you can heavily optimize the process of stock audit. A UHF reader can identify & log more than a thousand RFID jewelry tags with the push of a button. This allows you to reduce the time you waste auditing your inventory, improves the accuracy of the whole operation & performs audits daily.
(B). Item Tracking
By placing multiple readers throughout the facility, your RFID system can find out the location of an item based on the reader that identified it. In addition, the system is connected to the database allowing it to provide real-time location-tracking capabilities. Users can easily find the location of any item within their facility & also track its movement.
(C). Price Configuration
RFID tags can also be reprogrammed with the help of a near-field reader. Depending on where you store your items' pricing data (in the database or the tags), you can simply use an NFC reader to change the price of items depending on the condition of the market.
(D). Database Integration
As mentioned above, RFID systems can communicate with the database in real-time. This allows it to update the information in the database in case of an item movement, sale, billing, incoming items, etc. Database integrations allow the users to get access to real-time operations of the business.
(E) Ease of Billing
Tags can hold all the identifying information regarding an item, like the product code, batch number, group, price, etc. By integrating an RFID reader at the billing station, you can automate the entire process of filling in the item details and creating a bill. This severely cuts down on the time spent on billing per customer and updates the inventory database in real time.
(F). Search & Retrieval System
By tracking the exact location and movement of items, and updating the database in real-time regarding its location, it becomes very easy for users to locate any item throughout the facility. Instead of manually browsing through the shelves, you can just search for the item using the database and retrieve it easily. This streamlines operations & build a business’s goodwill toward customers.
(G). Item Security
Lastly, with the integration of security gates at the exit points, these systems can alert you anytime an item is about to exit the premises without authorization. In addition to that, these systems also deter and reduce the instances of stock shrinkage and help in pointing out any gaps in the security of your facility. According to the data, RFID systems can reduce theft by 55% and the instances of stock shrinkage by 75% in the retail sector.
Benefits of Implementing an RFID Jewelry Tracking System
Now that we’ve discussed the functionality that RFID tracking systems provide to a jewelry business. Let’s check out the benefits of using radio frequency identification technology for tracking purposes.
(A). Automation of Operations
As you may already be aware by now, these systems automate a lot of time-consuming tasks like inventory management, billing, database updating, etc. This allows you to relocate your staff to perform more productive tasks.
(B). Data Collection
In today’s market, having access to customer data like purchase patterns, item demand, etc are key aspects of running a business. With the help of AIDC systems like these, businesses can easily collect such information and use it to create custom marketing campaigns and optimize their sales.
(C). Accuracy
These systems eliminate the possibility of errors, providing an excellent degree of accuracy in operations like data collection, item tracking, inventory management, etc.
(D). Reduces Item Loss
As we discussed above, these systems improve the security of your business. By reducing the instances of stock shrinkage and theft, these systems prevent a lot of unnecessary loss of items.
Conclusion
In short, using an RFID jewelry tracking system can provide much-needed optimization to businesses like retail, warehousing, etc. They allow for improved operations by providing an element of automation and accuracy. RFID also helps with accurate data collection which can help improve marketing campaigns.
Frequently Asked Questions
Q1. What is RFID and how does it help track a product?
Ans - It refers to Radio Frequency Identification, it is a type of AIDC technology that uses radio signals to operate. You can use RFID tags on items and track their movement & location within your facility using RFID readers. Readers can identify & collect information on any tag that is within their interrogation field. So, whenever a tag moves from the interrogation zone of one reader to another, the systems send the information to the database, allowing for some tracking capabilities.
Q2. What is RFID software?
Ans - There are two aspects to any electronic technology, namely – hardware, and software. The tags, readers & antennae are all part of RFID hardware. However, they cannot communicate with your database on their own. This is where RFID software comes in. They allow the hardware to communicate with your system and allow users to operate the technology.
Q3. Can RFID detect location?
Ans - Yes, by using RFID readers strategically to create different zones within your facility, you can use this technology to find out the last known location of an item.
Q4. What is the range of RFID tracking?
Ans - The range of an RFID system depends on various factors like – Operational Frequency, Obstacles, Surface Material of the Item, Type of Tag (Active or Passive), Signal Energy, etc. In short, the range of this technology can vary from 10 centimeters, all the way to a little over 100 meters.
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