“Thefts, faulty inventory management and other such problems make it essential for every manufacturer to assign bar codes to their products,” says the author of the article “Barcodes are essential tools in product tracking and inventory management.”
This article identifies two important reasons for manufacturers to use barcodes. I’ll add a third reason, though you’ll have to wait a minute or scroll down right now to see what it is.
1. Preventing Theft. How do barcodes prevent theft? If manufacturers or retailers have barcodes, they can monitor how many products are received, stored and sold. If at any point in this process fewer products are on hand than expected, managers can go back and find who was in charge of the products when one or more went missing.
This creates a strong deterrent against employees stealing equipment and products. It also helps companies know where their most vulnerable spots are and strategize how to strengthen them.
2. Fixing Faulty Inventory Management. Many things can go wrong in inventory management. Someone could input the wrong number into a company’s inventory database, resulting in the wrong product being ordered or the right products being sent to the wrong location.
Inventory barcode software helps solve these problems. Employees don’t have to type product information into a computer by hand; they can simply use a barcode scanner to automatically update a company’s inventory system. This cuts the risk of typos creeping into data.
3. Increasing Speed. Barcodes don’t just improve the reliability of inventory management data, they make the process much faster. Speed is essential because customers want their orders filled as quickly as possible. If one manufacturer can perform a job faster than another then that manufacturer has a competitive advantage.
Inventory barcode software lets manufacturers quickly receive new parts and products into their warehouses. It also lets them speedily locate those parts and products when they need to use them in the manufacturing process and eventually sell them.
Manufacturers should use inventory barcode software to prevent theft, reduce errors in their data and speed up the manufacturing process. This will help them save money and be more competitive.