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Why are barcodes important?

by on November 1, 2019 in Latest News, Lead Article, News you can use, Nuggets, Retail

Why are barcodes important?

Barcodes have long been implemented in different industrial processes such as in manufacturing, in logistics, and even in retail.

Barcodes have provided a seamless and efficient way of data recording and tracking. It has proved to be effective even with inventory.

Aside from these, the reasons listed below emphasizes the importance of barcodes.

With barcodes, errors are mitigated

Without barcodes, manual tracking of inventory is necessary. This entails the need for several personnel and employees to inspect each of the goods individually. Thus, there is a great risk of human error in this process. There are several studies that show that the errors that come with manually entered data are significantly higher than those automatically recorded. With barcodes, items in the inventory can be tracked more accurately compared to manual data entry. In addition to this, the entire inventory process is completed faster.

Product inventories

With barcodes, data entry and tracking can be scaled

Without barcodes, the recording and tracking of product inventories would nearly be impossible on a large scale.

It is definitely tedious and time consuming to record hundreds of thousands of products, together with other details such as product description or date of manufacture among others. With barcodes, data entry and tracking is possible, even on a large scale. It will only take a couple of seconds to extract the data for a particular product in the inventory if the data recording was done with barcodes. This is as opposed to having to inspect each item recorded individually.

With barcodes, cost and resources are minimized

Without barcodes, a business may need to employ several personnel dedicated for data entry and inventory tracking. However, more employees may translate to more expenses for the business. With barcodes, the budget may prove to be a significant upfront because of the acquisition cost to buy barcodes, as well as the technology that needs to be installed for its implementation.

In the long run, however, barcodes prove to be more cost effective because of the need for only a few employees dedicated to inventory and product tracking.

Additionally, even if the business scales up with large volumes of data, there is really no need to employ more employees or acquire a new technology for barcode implementation, only more barcodes are needed, which is definitely cheaper than having to hire and train more personnel.

It usually only takes a few minutes to learn the proper use of a barcode scanner, as opposed to having to train several personnel to familiarize themselves with an entire inventory or pricing process. Furthermore, barcodes are generally inexpensive to design and print even if these are customized in various finishes or materials.

With barcodes, product tracking is faster

Without barcodes, each item is individually inspected. This process is not only tedious for the employees, but it also consumes a significant amount of time. With barcodes, product tracking can be done in a matter of seconds, even with hundreds and thousands of data to inspect.

Apart from this, notice how barcodes make the lives of cashiers in checkout counters much easier because the sales clerks do not need to type in the individual product prices. Each time the barcode of a product is scanned, the product details are automatically logged with the appropriate inventory. More often than not, the data scanned is directly fed to a central server, making the information available instantaneously and in real time.

With barcodes, several processes can be more efficient

Without barcodes, different data collection processes may need to employ different procedures. This means that the data collection in the pricing process can hold a totally different method compared to the inventory process.

With barcodes, the data collection for the pricing process and the inventory process can be one and the same. This same process can even be used in the data collection for logistics to track incoming and outgoing products, and even the equipment used in the process. Apart from barcodes being suitable for several processes, the overall data collection process also improves.

This is because barcodes generally provide a clean and accurate data for report generation and analysis. With barcodes, other relevant and pertinent information can also be included in the reports such as the equipment involved in the production or the date of product manufacturing among others.

Barcodes make the process of data recording and monitoring truly seamless and efficient. Without barcodes, several industrial processes such as those in manufacturing or logistics, which involve a significant amount of data, prove to be tedious.

Not only this, but without barcodes, the risk of error is definitely much higher.

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