There are over 6500 gold jewelry stores in Thailand, and each store has hundreds of pieces of gold jewelry. Jewelry is delicate and valuable, which requires jewelry inventory checking to be accurate and efficient.
With inventory constantly moving, some Thai gold jewelry stores devised a handwritten labeling system to identify each piece of jewelry. “Handwriting different labels is very time-consuming. And it cannot prevent theft. There must be a better way”, says Mr. Kunchai, a gold jewelry retailer in Bangkok. He’s right. There is a better way, and RFID-tagging inventory is the ibetter way.
To start with, ISO 15693-compliant passive 13.56 tags are wrapped around each piece of jewelry. Each tag is encoded with that item’s unique ID number. All of this information is saved previously in the database of the store’s IT system.
Tagged jewelry are kept in trays that hold up to 100 items. At the end of each business day, a store employee uses a Chainway C5000 RFID handheld reader to capture all the tags and send these IDs to the inventory software. If any tags are not accounted for, the software alerts the staff.
During business hours, the trays are kept in secure display cases. When a customer requires an item, the item is taken to the counter where staff uses another Chainway RFID handheld reader to record the inventory change. For each item purchased, the records are updated in real time. Before closing, tags are read one more time and tag data is compared with the updated inventory database. Once again, if any tags are unaccounted for, the software sends an alert to staff.
Since deploying this RFID inventory tracking system, Mr. Kunchai has seen instant results. Not only do their jewelry look more clean and professional, but inventory management now takes significantly less time in a more accurate way. RFID helps him manage inventory better.
Given the very nature of jewelry business, it is not a surprise that jewelry store operations are the most expensive ones in the retail sector. More and more high-end retailers like Kunchai are turning RFID technology for a safer and more efficient inventory management.
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