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Applying RFID Technology In The Jewelry Industry – Transparent, Reputable
Currently, RFID technology has been widely applied in various fields, including the jewelry industry. RFID allows for quick identification and tracking of multiple products at the same time, even when they are not in direct sight. RFID is also the optimal solution in preventing counterfeit goods, preventing counterfeiters from exchanging fake gold, improving management efficiency and optimizing gold shop operations. The following article by IT Nam Viet will help readers explore the application of RFID technology in the jewelry industry in detail, follow along!
Applying Rfid Technology In The Jewelry Industry
What Does a Jewelry Industry RFID System Include?
Accordingly, an RFID system in gold shop management includes the following basic components:
RFID Jewelry Management Labels
Each RFID label is considered the “identity” of the tagged object, containing a unique identifier, storing detailed information about the product such as design, production batch, production date, barcode weight, etc. Depending on the usage needs and investment budget, this RFID label can be disposable or reusable.
Usually, large-scale gold shops will use 2 fixed RFID readers (tray-type desktop readers) and handheld RFID readers at the same time. The main task of the RFID reader is to read products, count and control the status of goods in real time, helping managers easily track products by quantity, type code,…
ID code reader and writer
To proactively identify and encode each jewelry product sold, imported, or changed when necessary, gold and gemstone businesses can equip additional RFID code readers and writers, making it easy to edit and delete ID codes without the need for intervention from the supplier. However, this will more or less affect security, so not everyone is authorized to perform the function.
Gold shop management software
Accordingly, jewelry management functions using RFID technology will be integrated into the software, improving security and work efficiency, thereby helping businesses optimize operating costs effectively.
RFID Technology Application in the Jewelry Industry
As mentioned, RFID is applied in many categories of the jewelry industry, typically including:
RFID application in jewelry inventory management
RFID allows businesses to track the quantity and exact location of each piece of jewelry in real time. In addition, the RFID jewelry management system has the ability to warn when inventory levels fall below the allowable threshold, helping businesses plan to replenish goods in a timely manner, meeting customer needs in the most optimal way. In particular, data collected from the RFID system also allows businesses to provide detailed analysis, thereby building more effective business strategies.
RFID application in fast product information retrieval, absolute customer satisfaction
With RFID readers, product information is retrieved in detail, including material, weight, gold and silver type, warehouse date, selling price, etc. This helps businesses demonstrate professionalism and gain high appreciation from the majority of customers.
RFID application against counterfeiting
With the ability to track product location throughout the transportation process, RFID technology application helps minimize the risk of theft and loss. Moreover, with RFID against counterfeiting, customers will be completely assured when shopping for gold, silver and precious stones at the store.
In addition to jewelry products, RFID can also be used to track and manage valuable fixed assets in stores and warehouses such as display cabinets, inventory equipment, tools and equipment. This helps to effectively schedule maintenance, inventory assets periodically and ensure the safety of these assets.
Benefits of Using RFID in Jewelry Store Management
In fact, managing a gold and gemstone business thoroughly is not a simple matter, requiring a lot of human resources, effort and time. With RFID solutions, the management and operation of gold shops becomes easier, helping businesses optimize costs effectively.
Here are the “golden” benefits for businesses when using RFID in jewelry industry management:
Accurately and quickly retrieve and search for jewelry products that customers need.
Automation in the jewelry inventory process, helping to reduce time and personnel costs, significantly increasing operational efficiency.
Enhancing transparency and reputation for gold, silver and gemstone businesses, building a professional brand image in the eyes of customers.
Improving customer experience and satisfaction with the business.
Applying RFID helps businesses differentiate themselves, improve management capabilities, respond quickly to market changes, thereby increasing competitiveness compared to competitors in the same region.
Evaluating the Advantages and Disadvantages of RFID Technology in the Jewelry Industry
Applying RFID technology in gold shop management will have advantages and limitations that you need to note, follow the information below:
RFID has high security, reads information quickly, as long as the RFID card is within the reader’s coverage area.
Automatic data collection feature, helps eliminate time-consuming and error-prone manual data entry processes.
RFID tags can withstand harsh weather conditions, even if the label is dirty, torn, etc., the system can still read it.
RFID solutions provide the ability to display and manage information about goods and products immediately, improving management efficiency.
However, the implementation of RFID systems requires higher costs than other solutions. This is a significant obstacle for small and medium-sized gold shops. Regarding the cost issue, please refer to the article: “How Much Does RFID Cost? Tips to Optimize Costs When Investing in RFID Systems“. In addition, RFID tags in metal and liquid environments can be interfered with, affecting the operation of the entire system.
Gold and Silver Management Process Using RFID Technology
The jewelry management process using RFID technology includes the following steps:
Step 1 – Importing: Input jewelry products are classified, RFID tags are attached to the jewelry object, information is logged into the system and brought to the desired store or warehouse location.
Step 2 – Exporting products: When the goods are on the display cabinet, the staff searches for the products in it and exports them, exports the receipt and prints the data, summarizing the quantity in the warehouse.
Step 3 – Inventory: Inventory work is done quickly based on management software integrated with RFID technology, accordingly, data on quantity, type, … is displayed through the management system.
IT Nam Viet – A Prestigious RFID Solution Provider for the Jewelry Industry
IT Nam Viet is proud to be a prestigious RFID technology provider, with more than 10 years of experience and has successfully implemented hundreds of projects of different sizes. IT Nam Viet has affirmed its position as a trusted partner of businesses nationwide, committed to bringing customers genuine RFID products at the best prices on the market.
Genuine products, quality RFID solutions.
Professional and dedicated consulting services, focusing on listening and understanding customer needs, consulting RFID solutions suitable for each scale and specific business.
Competitive, detailed, transparent quotes, ensuring optimal benefits for customers.
Accompanying the project for the entire life of the project, 24/7 consulting support, thoughtful after-sales service.
Above is information about RFID solutions in the jewelry industry that your business can refer to. If you need advice and support, please contact us via Hotline (+84) 962 888 179!
My name is Le Nam Viet, currently FOUNDER & CEO of Nam Viet IT Company, I graduated from Ho Chi Minh Polytechnic University. I have more than 3 years of experience providing RFID chip technology solutions, RFID scanners, barcode labels and barcode readers. It’s a pleasure to share my knowledge with readers.
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