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Currently most of the jewelers track inventory on daily or weekly basis. This is often a completely manual process, which requires handling of each jewelry item separately, and is therefore, very time consuming and prone to errors. This type of inventory tracking may lead to misplacement, loss or even theft. In a premium business such as this, even a small error or loss can be significantly expensive. Huge amounts can be lost due to inefficient and slow inventory tracking.
While RFID is widely being used as an effective tool in retail industry, one application where it has immediate and direct benefits is Jewelry tracking. RFID based jewelry tracking system enables tracking inventory via scanning and therefore instant stock update while increasing the staff productivity. Moreover, by automating these processes, the Jeweler can focus on his core business, viz selling Jewelry.
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