Most companies are nowadays taking up the digitalization of their operations very seriously. Consequent to this digitalization, all companies have realised that today data is king. Hence they are vying for more and more accurate data. Barcoding is one such system to generate extremely accurate data. This data can help companies across industries by providing deep insight and analysis with regards to tracking, inventory management and much more. When we are talking about barcoding systems, we aren’t just discussing simple barcodes that you see on products in retail stores. A Barcode system can provide detailed and real-time information specific to your business and is very easy to implement.
Till a while back only large companies invested in tools that could give them such data. But today all companies; no matter how large or small, have a keen interest in accurate and up to date data. This data could be customer-related or company information or even operations. That is why we have numerous tools such as CRM etc. This trend is further accelerated with the availability of low cost and easily accessible tools. There are various data collection methods and can be a basic customer feedback survey or a complex system which includes wireless data collection mechanisms. All such data, if used and analysed properly can help a company increase profitability.
Some of the top reasons why you should use barcoding systems
They are very affordable
Barcodes are an extremely cheap method to gather data and streamline in-house processes. The running cost is almost negligible. For just a few paise, a trackable barcode will more than pay for itself from the very first time it is scanned. The hardware and software required for scanning barcodes is highly affordable and has almost no running and maintenance cost. This cost factor of barcoding is further highlighted when compared to other similar solutions.
Tally based barcode solutions can save your business crucial money by replacing antiquated paper-based systems that cost more to manage.
Detailed Tracking
One of the top reasons companies use barcodes is to track items; such as to know if goods are in a warehouse or in transit. Scanning an item’s barcode is a very easy way to note its actual location at any given time. This is doable by anyone and does not require any special training. Also, the data is automatically captured and logged with a single swipe.
Simplified Inventory Management
Managing inventory is a mundane but extremely important task for any company. Imagine a scenario that you are trying to process an order only to learn that the products you need aren’t in stock! The tracking aspect of barcode systems makes inventory management much easier and less time-intensive.
Accurately manage assets
Assets of all kinds are very easily managed and monitored an enhanced level of accuracy with a barcoding solution. It could be office equipment or raw materials needed for production. Assets can be easily identified and information is automatically be added to the monitoring software or ERP.
Increase in Efficiency
In today’s world, time is money. How much ever emphasis laid on this is less. Any solution making processes smoother, simpler and faster is a sure shot to save you money in the long run. Instead of manual handling and tracking of inventory, a quick one-second scan is all it takes to collect and document the required data.
Significant Error Reduction
To err is human. We all agree. In addition to significantly increasing efficiency, barcode solutions eliminate the issues occurring due to human errors or manual working. Anyone doing data entry manually is bound to make errors at some point. As an example, even the most experienced typists will make some typos in any document. With a barcode solution, automatic scanning makes the data entry error-free.
Thus, a barcode solution is a sound investment for any company as it helps inform the concerned persons where everything is at any point in time. With a well-implemented system, you can get a high-level view which one can drill down to a single item.
Get in touch with us today here to learn how we can help you keep track of your assets, increase productivity and reduce costs.
