In 2005 American consumers spent $59.4 billion buying jewelry and watches, posting a dramatic 10.2 percent two-year growth trend. As a category in the durable goods segment, jewelry and watches outperformed the overall durable goods sector, which only rose 8 percent in the same two-year period. This level of increasing sales has created a demand for improved inventory management systems in an ever increasing competitive market. Keeping track of this inventory, which is typically required on a daily and or weekly basis may just have gotten a little easier.
Northern Apex has recently announced that it has been chosen by Indiana based Peter Franklin Jewelers www.peterfranklinjewelers.com, direct diamond and colored gemstone importer to incorporate item level RFID inventory management tracking for their retail stores. Peter Franklin Jewelers, established in 1988, will begin tagging its custom manufactured jewelry, collectables and watch inventory with paper thin, ?" mini 13.56 MHz HF RFID tags.
The Northern Apex RFID solution will help Peter Franklin more efficiently and accurately track and inventory its large assortment of designer and signature collection jewelry. Eventually all items will have a tag attached to the box or the item itself. The Northern Apex integrated RFID tags, readers, and antennas will allow Peter Franklin to take inventory significantly quicker and more accurate on a daily, weekly or as often as needed basis, without wasted time handling each piece or item individually. "Using RFID is going to help free up our store personnel to focus more attention upon the customer needs", says President Pete Ball. "Peter Franklin Jewelers is a well respected establishment with multiple stores requiring constant inventory management. Their willingness to adapt new technology and their efforts to be an innovative industry leader matches very well with our anticipated product plans", says Northern Apex General Manager Mike Gigli. "We believe the RFID package of readers, tags and software will help jewelry stores save countless hours spent doing inventory, thus freeing up store personnel to better care for the customer.
For nearly a decade, Northern Apex has developed a reputation for innovation, customer focus and value providing RFID integrated components, engineered solutions and complete RFID turnkey systems", added Gigli. "The net result of implementing our inventory solution will allow the jewelry store operations to perform regularly scheduled inventory checks as well as to reduce time required to perform pre-open and post-close inventory status and vault storage tasks." The use of RFID requires close proximity thus not requiring direct "line of sight" as such technologies as barcode require. "We can scan an entire case or specifically a complete tray of jewelry in a manner of seconds with our specifically designed case RFID wands", adds Sales Executive Matt Foreman of Northern Apex. "This allows the inventory to be performed more frequently, quicker and without handling each piece individually." "Peter Franklin expects to expand this technology to all stores by the end of 2007", added Ball.
The use of RFID technology among retailers is increasing. RFID chips emit radio signals: When attached to products, they allow retailers to track inventory with a precision never before possible. More efficient supply chains and more effective inventory management are current benefits of the technology.
About Northern Apex-RFID Corporation
Northern Apex-RFID has positioned itself as an industry leader in RFID integration and packaged solutions with nearly a decade of fielded solutions. Northern Apex-RFID specializes in cost effective hardware development and custom software, providing quick-turn, RFID integrated solutions. Since 1998, Northern Apex has deployed read only, read/write, active and passive RFID solutions based on smart chip technology. Northern Apex-RFID is one of the most diversified RFID solution providers in the country based on the range, number and complexity of solutions delivered over their long history. For more information on Northern Apex-RFID visit company's website at http://www.northernapex-rfid.com.
About Peter Franklin Jewelers
Peter Franklin Jewelers is a manufacturing jeweler and a direct diamond and colored gemstone importer servicing Northeast Indiana and Northwest Ohio. As a full-service independent jeweler, we supply the highest quality in manufacturing, sales and repair of all jewelry. We offer a wide selection of the following types of jewelry: Wedding and Anniversary, Gold, Platinum, Diamond Fashion, Colored Gemstone, Custom, Watches and much more. For more information see our website at www.peterfranklinjewelers.com.