Diamond Wholesaler Uses RFID to Manage High Value Inventory
IGC Brand Services, a diamond jewelry wholesaler, is using RFID technology to document the locations of more than 10,000 diamonds and pieces of jewelry with a value in excess of $5 million. In this very busy environment, display wallets are assembled by sales staff and taken out on the road. Product is allocated among 20 to 40 pending large orders. Shipments from the factory, which depend on the accuracy of the firm's inventory counts, must be sorted and placed into current stock. Packages arrive filled with product being returned from consignment. Damaged goods, which must be accounted for, are sold for scrap. It is imperative that all of these movements be logged without slowing down the business process. Learn how RFID has enabled the firm to maintain accurate records and stay ahead in the highly competitive industry.