Here is why Barcodes are good for Your Inventory Management

by Deepti Gaur Digital marketing Specialist

Supervising and overseeing the inventory and stock is one of the crucial management processes for a business. The top-tier management itself overlooks the functions of ordering the inventory, its storage and administering the quantity of products that have to be sent off for sale.

The custom cloud based inventory management software has been employed by many businesses because any slightest negative impact of poor management can have its own repercussions on the business. Barcodes, the machine-readable data coded with product information have proved themselves as a better partner in managing the inventory.

Here are the reasons why the online inventory management software are best paired with barcodes -

1) Uncomplicated and Effortless

It’s nothing like a complicatedly coded safe that needs high IQ to break in. it is easy to maintain and update inventory with software. In fact, manually entering every single alphanumeric SKU code to the excel sheets is way more tiring and time-consuming than scanning the barcode with the reader. Custom inventory management software can be easily associated with barcode readers. Whenever a product is scanned with a barcode reader, the SKU code containing the product information is automatically added to the inventory. Eliminating any chances of error in product update. To add a cherry on the top, a product can be easily recalled for any enquiry for the associated data with a barcode scan – real time and convenient.

2) Easy on budget

Now expenditure or costs are calculated in more than one way. Barcode system is way more economic mode of inventory update. Keeping the record of the stocks in excel costs time, elongated hours of labor and training. Cloud based inventory management system allows barcode entries. These entries are way quicker, and contribute to the overall profit margin of your business by reducing the costs and hours of manual labor and encouraging productivity. Have we mentioned the tax benefits a business can draw by accurate recording of the inventory costs?

3) Makes business a part of the technology band wagon

It is always good to be a part of technology and more than that, to upgrade by the advancements. Incorporating barcode inventory management is definitely a big plus as it comes with the assurance of cost savings. The real time access to the inventory 24x7 also guarantees customer satisfaction.

 

4) Security Guaranteed

A best online inventory management ensures the data and information security. Protecting the product codes and data is not only a part of company’s policy, but is also very instrumental in safeguarding customers’ interests. Barcodes ensure that no two product information are mixed or overlapped, which is always on risk for manual data entry. Secondly, the product information can be traced at any given minute with just a scan.

Conclusion: How barcodes can improve the operations and ameliorate the inventory keeping?

No business wants to slit their earned share of profits and market stake for ill management of the inventory. Online inventory management software can be custom developed by custom software development companies to accommodate barcode readers in the system. It will ease the creases from the inventory.

Source:- http://www.sooperarticles.com/technology-articles/software-articles/here-why-barcodes-good-your-inventory-management-1620026.html

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Created on Dec 1st 2017 00:20. Viewed 420 times.

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