Reducing fraud and theft in gold and jewelry shops
The radio frequency identification technology “RFID” emerged as a tool that revolutionized the fields of retail, as it highlighted its role in automating the way of managing and monitoring inventory, and automating and simplifying sales and purchase processes, and IntellAu system mainly relies on the “RFID” technology dedicated to gold and jewelry shops, and facilitating retail operations and managing inventory accurately and quickly.
We will learn in this article how this technology works and what benefits it offers to reduce cases of theft, fraud, and manipulation inside gold and jewelry stores.
What is the radio frequency identification technology RFID?
It is a wireless technology that uses electromagnetic fields to identify objects automatically. This is done by installing the electronic chip “RFID tag” on the precious products, these chips carry an identification code for the product and more information about it so that the electromagnetic waves emitted from the reader “RFID Reader” are applied to the chip to be able to read the data on it and send it to the system.
The radio frequency identification technology helps to reduce fraud and theft, by:
1. Accurate chip signals: The "RFID" chips send clear signals to the system in case of any malfunction, defect, or damage in any chip, which enables you to quickly solve the problem and prevent tampering with the products. The "RFID" chips send several signals, some of which have a normal reading when the chip is wrapped on the product correctly, a signal is sent indicating that the product is in the branch and on the system, and another signal with an abnormal reading when the chip is cut from the product, the chip sends a signal indicating that the product is on the system and not in the branch, and the correct reading is in case of selling the product and keeping the removed chip, the signal indicates that the product has been sold and is not in the branch. Through this information, shop owners can eliminate fraud and detect it early.
2. Continuous monitoring of inventory: The "RFID" technology allows accurate tracking and monitoring of inventory continuously in all branches without the need for traditional inventory, where shop owners can use the "RFID" chips embedded in each product to track inventory movement and by scanning the chips regularly, they can identify the discrepancies between the actual inventory and the system records, which allows them to deal with theft or manual errors immediately.
3. Tracking supply chains: The RFID technology allows accurate tracking to ensure the security of supply chains, as linking RFID chips to individual products allows accurate tracking and real-time visibility across the supply chain. This level of follow-up allows for quick identification of any anomalies, contradictions, or errors, which contributes to preventing theft and also responding quickly to any security incidents.
4. Encrypting and authenticating data: The RFID technology also plays an effective role in improving security procedures within the work environment in retail shops, as the systems that support RFID technology allow shop owners and managers to restrict unauthorized access to sensitive areas and limit it to specific people only, such as storage rooms or areas of precious products, which reduces the chances of theft and fraud.
The RFID technology provides great advantages in preventing losses and fraud. However, the best option is to integrate RFID technology with the current inventory monitoring systems to form an integrated solution based on RFID technology, which is provided by the integrated IntellAu system.
To see the chips provided by IntellAu system and how to install them, you can visit our website.
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