Implementing FineLine’s RFID inventory labels for jewelry, accessories, and watches, retailers have the opportunity to improve their inventory accuracy to 98% or greater.
Jewelry, accessories, and watches have long been regarded as “hard-to-tag” products. This is due to the merchandise size and metal composition, packaging size and materials, and various merchandising methods; racks, glass cases, and other fixtures where products are often densely packed. Being hard-to-tag refers to the aesthetics of the inventory label on the merchandise and inventory management. If the barcode label is placed out of sight, or is illegible, inventory counts can be inaccurate. This leads to increased time and labor costs to count merchandise on the retail floor, fewer and/or inaccurate cycle counts, and even the possibility of theft.
To address the need for improved scanning and tag readability, FineLine has rolled out 5 additional RFID inventory labels for jewelry, accessories, and watches. The labels are compliant with the RFID performance and quality specifications required by Auburn University’s ARC program. With FineLine’s RFID inventory labels, RFID scanning equipment is better able to scan and count densely packed merchandise, such as earring cards, watch boxes or cuffs, and rings.
The expanded RFID inventory labels product line includes:
- multiple antenna sizes and shapes
- new IC for improved read performance in smaller antenna sizes
- removable adhesives for application to delicate packaging
- pattern adhesives for direct application to merchandise
- color for branding and merchandise placement
- legible small text
Retailers within the jewelry market segment have seen remarkable sales growth in e-commerce, as consumers pivoted to increased online shopping this year. To accommodate the shift to online shopping, retailers must now more than ever ensure that inventory management and item tagging is at its highest level of accuracy. Retailers that are successfully making the shift, are implementing item level RFID tagging for inventory accuracy and turning their stores into fulfillment centers. Retailers are also utilizing RFID earlier in the supply chain to maximize ROI, at distribution centers, retail back rooms, and the retail store fronts. Implementing FineLine’s RFID inventory labels for jewelry, accessories, and watches, retailers have the opportunity to improve their inventory accuracy to 98% or greater, up from as low as 60%.
According to Statista.com, the value of the total global jewelry market will increase from approximately 278.56 billion U.S. dollars in 2018 to 480.5 billion U.S. dollars by 20251 . To claim a piece of this market, retailers are called to improve inventory accuracy, customer satisfaction, and ultimately the bottom line. FineLine’s new RFID inventory labels are specifically designed to improve inventory accuracy for merchandise and packaging with limited real estate, varied materials, and dense displays. With the right tagging solutions from FineLine Technologies, retailers can realize the seamless integrated supply chain, which is pivotal to success in brick and mortar, buy-online-pick up in store, and e-commerce sales channels.
References
- This statistic shows the value of the jewelry market worldwide from 2018 to 2025. In 2018, the total global jewelry market was valued at approximately 278.56 billion U.S. dollars and was forecast to reach a value of 480.5 billion U.S. dollars by 2025. Visit Statista.com Article