Lazurde Uses RFID Solution for Efficient Jewelry Warehouse Inventory Management
Client Description
Lazurde is among the foremost producers and sellers of jewelry in the Middle East with a reputation for offering top of the range ranges of gold, diamond, gemstone, and fashion jewelry. Due to its wide range of jewelry and the wide distribution network, which supplies retailers, distributors, and e commerce customers in the GCC and beyond, inventory management has been of utmost importance to Lazurde.
The inventory management system needs to account for all of Lazurde’s precious jewelry, keeping precise records of stock and running smooth warehouse operations. Manual methods such as counting and barcode scanning may become tedious, cumbersome, and susceptible to human error because of the huge quantity and value of jewelry being managed.
For the sake of improving inventory management processes and operations in its warehouse Lazurde deployed the RFID Jewelry Warehouse Inventory Management System from Acube Infotech.
Technologies Used
RFID Jewelry Tags
UHF RFID Fixed Readers
RFID Handheld Readers
RFID Inventory Management Software
RFID Warehouse Management Dashboard
Real time Inventory Tracking
Warehouse Location Management
ERP Integration
Operational Problems
Jewelry inventory management is much more complicated than managing the inventory of any other regular retail products. The reason is that each jewel is a valuable commodity, whose entire journey through the life cycle of the warehouse needs to be traceable. Even the smallest inventory mistake can result in serious issues.
Prior to adopting RFID technology, warehouse activities involved manual inventory counts, barcode reading, and physical confirmation. Such tasks took quite a lot of time and effort to accomplish.
Some of the problems faced by the company were:
Invisible Inventory Tracking
Employees did not have real time visibility into inventory tracking since the stock was manually tracked and could not determine the location and presence of jewelry.
Time Consuming Inventory Counts
Taking inventory counts was a manual process that involved scanning each product separately; hence it was a time consuming process and sometimes required several hours or even days.
Manual Inbound and Outbound Shipment Verification
Manual verification was needed both when receiving and dispatching goods which led to increased processing time and human errors.
Difficulties in Locating Jewelry Products
Locating specific jewelry products in order to process the order sometimes involved searching for the products in various warehouse locations.
Inventory Mismatches
Sometimes there were mismatches in inventories because of manual work and sometimes misplaced products.
Labor Intensive Process
Inventory verification, shipments validation and taking inventory counts involved a lot of manual work.
Increasing Complexity in Operations
With growing volumes of the product and using traditional inventory management solutions it became increasingly hard to keep inventory records up to date.
The company needed an intelligent inventory management system that would automate warehouse processes and provide full inventory visibility and precision.
Solution
The Acube Infotech has rolled out the RFID Jewelry Warehouse Inventory Management System, which is a state of the art system designed to provide automation in tracking and managing valuable jewels in warehouse operations. This solution offers real time visibility of inventory, fast stock verification, automated receiving and dispatch, inventory audit, and warehouse management. With the help of RFID technology, this system reduces manual activities and ensures full traceability of all jewels in the warehouses.
An RFID Jewelry Warehouse Inventory Management system was installed by Acube Infotech for high value jewelry. It integrates RFID hardware, inventory management software and warehouse automation to form an inventory tracking ecosystem.
Each jewelry piece comes fitted with RFID jewelry tags that are encoded with uniquely identifiable electronic numbers. Unlike barcode technology RFID technology allows multiple objects to be identified at once without needing line of sight scanning.
RFID readers identify movements of RFID tagged objects every time the jewelry pieces move past RFID checkpoint or when they are read using handheld RFID readers.
Centralized inventory management software instantly updates inventory databases regarding availability, warehousing locations, movement and transactions.
How the RFID Jewelry Warehouse Inventory Management System Works
RFID Tagging
Each jewelry item gets RFID tag with a unique identification number that is connected with product information in the inventory management software.
Product Information includes:
- Product ID
- SKU
- Collection
- Material
- Weight
- Category
- Warehouse Location
- Inventory Status
Receiving Process
As soon as new jewelry inventory comes to the warehouse all tagged items get identified immediately using RFID readers.
No need for manual barcode scanning since the system will do verification and update of the inventory database based on incoming shipments and purchase orders.
Advantages include:
- Faster receiving
- Accurate shipment verification
- Less manual data entry
- Immediate inventory availability
Warehouse Storage
After receiving jewelry items are assigned to specific warehouse locations.
All movements are automatically tracked allowing warehouse staff to know the location of each tagged item at any point in time.
Inventory Counting
Using RFID handheld readers, warehouse staff can perform inventory counts by just walking around the storage area. Counting of thousands of jewelry items takes only minutes.
This way there is no need for manual counting and increases accuracy of inventory.
Item Search
Searches for a particular jewelry item become much faster. The employees at the warehouses can use the RFID handheld reader to locate the item easily.
Order Picking
When picking an order from the warehouse, the employees make use of RFID to check whether the right jewelry items have been picked. This process prevents any picking mistakes.
Packaging and Shipping
Before shipping out the goods, the RFID reader will automatically confirm what has been packed. Each jewelry item will be confirmed to be present before shipping.
Inventory Reports
Managers will have access to real time dashboard that will show:
- Current inventory
- Stock level in the warehouse
- History of movement
- Inventory differences
- Audit reports
- Performance reports
Key Features
Important Features of RFID Jewelry Warehouse Inventory Management System include:
- Real time inventory visibility
- Jewelry tracking using RFID
- Bulk inventory counting
- Item location
- Automated receiving
- Inventory movements
- Inventory reconciliations
- Dashboards reporting
- User access control
- Audit trail
- Integration with ERP system
- Exception notifications
Results Obtained
After the implementation of RFID technology, several positive results were realized regarding inventory management, operational efficiency, and warehouse productivity.
Increased Accuracy of Inventory
The accuracy of inventory was increased to over 99%, leading to very few inventory discrepancies.
Fast Inventory Counting
Counting of inventory that took hours through manual techniques could now be done within minutes using the RFID handheld reader.
Visibility of Real Time Inventory
The warehouse team was able to get real time information about the inventory in the warehouse.
Increased Productivity in Jewelry Warehouse
With automation of processes, manual labor was eliminated, thus leaving workers free to do other important operational activities.
Quick Processing of Orders
The workers in the warehouse were able to find the products faster and process the orders with great accuracy.
Elimination of Manual Activities
Manual scanning, paper work, and repetitive inventory validation were automated.
Validation of Shipments
Validation of inventory with RFID helped in ensuring that right inventory is shipped out.
Traceability of Inventory
Inventory movements were all automatically tracked in real time.
Advantages for Business
Visibility of the Entire Warehouse
Business managers are provided with accurate and up to date inventory data instantly.
Inventory Precision
RFID eliminates mistakes that arise from manually managed inventories.
Enhanced Operational Efficiency
Automation will allow improving the efficiency of warehouse processes.
Fewer Losses in the Inventory
Precise tracking of the inventory leads to fewer losses.
Customer Satisfaction
Accuracy of inventory data and faster order fulfillment improve customer satisfaction.
Future Scalability of Warehouse Operations
An RFID based system allows further scaling of warehouse operations while not increasing the workload.
Better Business Insights
Reporting will provide managers real time insights into business operations.
Why use RFID for Jewelry Inventory Management?
A jewelry warehouse handles products that are expensive, compact, and very similar looking. Conventional inventory management processes have been found inadequate in meeting the demands of these kinds of facilities.
Through RFID, inventory processes can be automated and many of the challenges associated with barcode technologies overcome.
As opposed to barcodes RFID technology facilitates the identification of multiple pieces of jewelry at once without necessarily having to scan directly. This significantly increases the speed of the inventory process. In conclusion RFID technology benefits jewelers, wholesalers, distributors and retailers.
Why Choose Acube Infotech
Acube Infotech is a renowned supplier of RFID solutions in the UAE and GCC offering inventory management systems for retail, manufacturing, warehouses, logistics, healthcare, hospitality and jewelry industry sectors.
Acube Infotech’s RFID Jewelry Warehouse Inventory Management Solution is aimed at helping organizations automate inventory activities, increase the efficiency of their warehouse management, and ensure nearly 100% inventory accuracy.
We offer the following features:
- Full scale RFID integration
- RFID hardware and software
- System integration
- ERP integration
- Training
- Support
- Continuous system improvement
With a lot of experience in implementing RFID solutions, Acube Infotech helps businesses optimize their warehouse activities by saving money and improving performance.
High value jewelry inventory management requires a lot of precision and visibility to run operations. The traditional methods of inventory management have proven difficult in ensuring fast audits, manual processes, inventory discrepancies and delays in order fulfillment due to the dynamic nature of the modern warehouse environment.
Through the integration of Acube Infotech’s RFID Jewelry Warehouse Inventory Management System, Lazurde managed to revolutionize its warehouse processes through automated inventory tracking, real time inventory visibility, faster inventory audit, accurate shipments and increased productivity.
The company was enabled to manage thousands of jewelry items in the most efficient way possible by making sure that all the processes were done with precision and perfect accuracy.
With more companies adopting digital transformation, RFID technology is becoming an investment that cannot be avoided by any jewelry manufacturer or retailer who wants to enhance their inventory control, optimize their warehouse operations and provide their customers with the best experience.
Want to Optimize Your Jewelry Warehouse Operations?
Through our RFID Jewelry Warehouse Inventory Management System, we help jewelry manufacturers, wholesalers, distributors and retailers automate inventory tracking, optimize warehouse operations, achieve 99%+ inventory accuracy and get full visibility of every jewelry item in the warehouse lifecycle.