While barcode labeling has been in use to manage inventory for over 20 years, it is an often overlooked method in manufacturing, retail and distribution. Not only is it a cost-effective system, but it has also proved to be efficient at reducing overheads and delays while providing up-to-the-minute inventory status.
If used optimally, i.e., integrated with the business information system, barcoding speeds up the entire data recording process. The integration allows for complete inventory cycle counts, and the reconciliation takes a shorter time as well. It will enable you to track movement right from receiving, through picking, packing and shipping.
With all of the above in mind, it becomes clear that no matter the size of the business, inventory management using barcodes is an effective way of saving costs, shortening timelines and most importantly, precise handling of products. Here are some ways in which barcode inventory management improves your bottom line:
The simplicity of the barcode inventory management reduces the time spent on employee training. Reducing the time needed to master the entire process means training costs are significantly reduced and the employees are not burdened with learning the entire inventory or its pricing. Shortening the training process also cuts costs for the business, saving on both trainees and trainers.