In this economy, return on investment is everything. When money is tight, squeezing the most out of your resources is not only efficient, but essential. While some experts might suggest that thinking outside the box is the answer to your business problems, the innovative power of TracTech Systems indicates that thinking inside the box is much wiser.

TracTech Systems is a revolutionary product that is redefining ROI.  Not only will you get a tremendous return on investment, but you’ll also get Reliable, On-time Inventory every time you use TracTech Systems. The key to this technology is in the box – a device that accurately and quickly scans items through the use of radio frequency identification, or RFID, tags.

RFID technology has been used for a variety of functions, but TracTech Systems is the first product to harness this powerful tool for the diamond and jewelry industry. TracTech Systems eliminates human error and countless hours with its rapid, flawless scanning.

But counting inventory is just the beginning.  TracTech Systems also integrates seamlessly with software packages such as LogicMate, Diaspark and Microsoft Dynamics NAV. Because each RFID has its own serial number, you can use TracTech Systems to assign notes to specific pieces, including weight, price, history and any other relevant information. Your information can be updated effortlessly

TracTech Systems also acts as a loss-prevention agent. Instead of finding out about a missing item days later, TracTech allows you to see gaps in your inventory instantly. You can even verify shipments upon receipt, as TracTech can scan items through sealed boxes.

Using TracTech in conjunction with your company’s software can help your staff’s efficiency by performing tasks in bulk, preparing for a trade show and sales reps lines have never been so easy. TracTech can also help you create bills and memos for customers in seconds, as well as receive multiple memos at once.

With TracTech Systems, you can perform comprehensive inventory scans in minutes rather than days. TracTech offers unmatched efficiency and accuracy and will pay for itself many times over. Thanks to the power of TracTech, you’ll be able to realize a whole new definition for ROI: Reliable, On-time Inventory.

According to GN Diamond, this direct diamond dealer is the fastest growing diamond company in America. And with business moving at such a rapid rate, GN Diamond needed technology that could keep up. The solution: TracTech Systems.

“This technology is fantastic,” said Theresa Ligato at GN Diamond. “All you have to do is put your items in boxes and TracTech reads them and assigns information, quick and easy.”

Theresa explained that since integrating TracTech Systems into the daily operations at GN Diamond, efficiency has dramatically increased.

“I used to do everything by hand,” Theresa said. “This has been great for shows, and we’ve been implementing it more and more…every month we’ve been doing something different with it.”

One aspect Theresa found particularly helpful was the fact that TracTech Systems doesn’t just offer inventory numbers, but provides information about each piece. Thanks to the RFID tags, TracTech can tell the story of every item in your inventory.

“You can add the weight of the item, stock number, customer name – all very accurately and quickly,” explained Theresa. “I can even insert customer names and print receipts using my current software.”

The RFID tags also help to prevent losses and keep even the largest roster of clients manageable.

“This is very helpful for returning items that are on memo,” said Theresa. “You used to have to write it down – now you can use the RFID for returns and do 10 customers at once.”

Theresa noted that GN Diamond was very pleased with the amount of customization and versatility TracTech Systems offered.

“We’re very happy with it” she said. “We’re planning on implementing it for our jewelry inventory next.”

Theresa expects TracTech Systems to perform exceptionally in this field as well.

“With TracTech, I can do inventory every day” Theresa said. “The more you use it, the better it gets.”

New York, NY August 2nd 2010 – TracTech Systems, the leading producer of Radio Frequency Identification (RFID) diamond and jewelry inventory management technology, has announced a partnership with jewelry software manufacturer LogicMate. In addition to enhancing the abilities of TracTech’s inventory management system, LogicMate provides customized networking, design, programming and hosting services. This alliance finds two leading service providers of the retail and wholesale jewelry industry collaborating to expand their offerings.

“Working with LogicMate is a significant step forward in TracTech’s efforts to revolutionize inventory management in the diamond and jewelry industry,” explained TracTech Systems CEO Keven Peck. “Our companies are a perfect match because we both focus on providing innovative business solutions.”

LogicMate is a trusted name in business technology and has focused on software for jewelers and diamond sellers since 1989. LogicMate’s programs align with the inventory management equipment manufactured by TracTech Systems. The collaboration will allow retailers and wholesalers to not only precisely manage inventory, but also create customized sales reports and product catalogs.

“LogicMate is a company that combines cutting-edge innovation with decades of experience,” said Peck. “We felt this alliance would enable both of our companies to enhance each other’s success and improve the solutions we offer.”

The alliance of TracTech Systems and LogicMate will enable the firms to offer comprehensive software and programming services to jewelry and diamond retailers and wholesalers. With TracTech Systems based in New York and LogicMate based in California, the companies will be able to relate to clients from a variety of sectors and markets and draw upon their combined experiences to provide unmatched customer service.

ABOUT TRACTECH SYSTEMS

TracTech Systems is the leader in RFID inventory management thanks to its revolutionary system of RFID tags and readers. TracTech Systems eliminates human error and identifies large batches of items instantly, so there is no need to count inventory by hand. TracTech Systems can accurately scan hundreds of diamond and jewelry pieces in seconds and can create custom sales reports. TracTech Systems is compatible with a number of software packages, including LogicMate, DiaSpark and Microsoft Dynamics NAV. This technology has been featured in publications such as the MJSA Journal and Instore Magazine.

“TracTech Systems Inventory Management System is designed to enable jewelry manufacturers and diamond dealers to inventory hundreds of items in seconds, TracTech uses jewelry tags that contain computer chips. Bins or trays filled with merchandise are run through a reader and instantly inventoried. Multiples of the same item are given their unique number so detailed tracking is possible.”

What’s revolutionary about RFID is that it allows for multiple items to be scanned and identified virtually simultaneously, eliminating the need to scan each item individually. The information carried by a chip and its associated ID can also contain comprehensive information about the related item, from when and where it was bought, to its price and weight.

RFID technology has been around for more than 10 years but has been previously limited to use on a larger scale for identifying containers and pallets of goods. TracTech™ is one company that is applying the technology to the jewelry and diamond industries. The company’s RFID inventory-management system enables a group of items to be placed in a specially designed bin, which is then put inside a reader.

“When I show it to people, their reaction is ‘wow.’ It’s amazing how swift and in control of your inventory you become. Retailers can check their inventory on a daily basis an identify a loss in a one-day period, says Keven Peck, president of TracTech™

Although the current product is most applicable for manufacturers, TracTech™ is now working on a hand-held scanner tailored for retailers and due for release in the third quarter of 2009.

Designed to bring speed, accuracy, and control to inventory management, TracTech is a jewelry management system that combines Radio Frequency Identification (RFID) technology and strategically placed tag readers to wirelessly scan hundreds of items in seconds. TracTech™ assigns each item its own unique ID so the system can report detailed history of missing item, reducing time spent on recovering missing inventory. In addition, the system can verify the contents of boxes after they have been sealed for shipping. Compatible with most existing software systems and hardware, TracTech™ can be fully integrated into an existing system and set up to provide detailed and customized reports.