Barcode software creates and scans barcodes of different products. With the software, a barcode itself would be useless; it needs the software to create it to decode the information in the barcode. This info typically includes product description, price, manufacturer’s name, manufacturing date, expiry date (if applicable), the number of SKUs, and warehouse location to track it.
Businesses that deal with hundreds and thousands of different products daily can use barcode software to increase operational efficiency. Businesses operating in any sector, from healthcare, construction, retail, and manufacturing, can use it to streamline their supply chain management.
You can even use the barcode software on your assets to track them. It comes with a handheld barcode scanner that you can connect to your phone via Bluetooth or a smartphone app that acts as the scanner.
Therefore, let us look at how barcode software can benefit your business.
1. Better Forecasting
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Using barcode software makes it easier to assess sales made in the quarter to forecast sales for the next period. Since it contains detailed information about products in stock, in transit, and the number of SKUs sold within a specific period, it becomes easier for the sales team to predict numbers and for the supply chain team to order the required inventory in time.
You can check out the barcode software by Code Corp and avail the required services best suited to your business model and sector. You can also use it to assess your assets’ condition and determine their costs. All you need to do is draw up a report containing the asset information with a quick scan of a barcode system. It will let you know which assets have outlived their usable lifespan and which ones you need to replace in time. It is a good way to automate your asset planning and monitor the associated costs to determine the best way to reduce costs.
2. Accurate Tracking
The barcode asset tracking software embedded in the barcode software makes it easier to track your assets. It is especially useful if you want to sell older inventory items before newer ones. This process can become costly and time-consuming if done manually with thousands of different items.
Moreover, you can use your smartphone app to track the items and exchange relevant information with your team members. It makes communication easier between the warehouse manager and the transit officer. They can use the software information to keep track of the SKUs in their possession, making it easier to find out if any item is missing.
It also makes asset tracking easier from the vendor to the point of sale and the end consumer. If a customer files a complaint regarding any issue, you can use the barcode software to track the product and assess all the related information.
3. Easily Create Quick Custom Labels
The barcode software does not just let you print and scan barcodes, but it also lets you create custom labels and tags for your products. You can add information on the labels, such as shipping details, addresses, coupons, price tags, ID badges, and graphics.
You may find pricing details on a product with its barcode. This printed information authenticates the product from its counterfeits. The counterfeit or fake products may not have a barcode or price tags, making it easier to differentiate.
The software contains over 100 templates based on your brand identity, with multiple color schemes based on the product type. You only need to print the tags of different products once using the barcode information already present in the software. It automates the process, eliminating the hassle of printing thousands of tags.
4. Eliminate Double Entry
Unlike manual computer entries, a barcode scanner simplifies product entry since it integrates with the server. You only need to enter the product information once to send it to the server. It eliminates the possibility of duplicate entries and minimizes errors.
Moreover, it makes asset purchasing and inventory decisions easier. Under the manual system, you may reorder items already included in your inventory. It may result in longer wait times when employees wait for the order to arrive before shipping them.
Additionally, a single entry makes the selling process a lot easier. If certain items have already left your facility, you only need to pass them through the system once to enable the tracking system. You can then use your software to track their location and see the items marked as sold and unsold. You can use this information to categorize products into different classes and assess their sale probability. It further helps in sales forecasting.
Conclusion
Barcode software does not just help you streamline your inventory, but it also helps minimize business costs by automating the management of all business products and assets. You can use it to assess the value of your products and track your inventory items in real time.
Moreover, you can easily make sales projections for the coming month or quarter by categorizing different products. The custom label-making procedure makes labeling your items easy and less time-consuming.
Lastly, it helps eliminate double entries leading to wait times and inaccurate accounting. You only need to add product information once in the software. Then, you can easily track the location of different items once they leave your facility.