Benefits of Products Barcodes

How does Barcodes Works?

Barcodes work through the combination of a symbology (the barcode) and a scanner that can read the symbols and convert them into useful information, often information about an item’s origin, price, type, and location. The scanner reads the barcode and automatically enters the information stored in it into a system – often some type of database.

This tool has provided many, many benefits for businesses. It paved the way for the globally connected distribution channels we now have and it is what allows big Departmental Stores like BigBazaar, Walmart, Pentaloon to ensure they have products properly stocked and priced around the stores located in all cities. It has also become a crucial tool to help small and medium businesses, as well as hospitals and government groups, keep track of assets and improve their efficiencies.

Some of the ways businesses use barcodes include:

1. Keeping track of inventory. A basic inventory tracking system consists of software and a barcode scanner or mobile computer. Inventory items (like products you sell, supplies, or raw materials) will all have barcode labels, so when you remove an item from stock, you just scan the barcode to reduce the available count in your inventory tracking software, instead of having to type in a SKU.
2. Keeping track of assets. Any business, no matter how large or small, has IT assets and fixed assets. Barcoded asset tags are attached to each individual asset, and can be scanned to check items in or out in your asset tracking software. It’s a great way to improve accountability and makes audits much easier.
3. Use barcodes in return mail. Add a barcode to the return-mail registration postcard that matches the product’s serial number, and then you can instantly track which serial numbers are registered, and which aren’t. Plus, your customers won’t have to locate and transcribe a lengthy serial number.
4. Include barcodes in a mail merge. If your company is hosting an event, you can add barcodes to an RSVP card so you can track who has responded – without trying to translate anyone’s handwriting.
5. Add barcodes to invoices. Add a barcode that represents the customer number or the individual invoice number so when it’s returned with payment, you can easily locate the customer account or invoice number. This will prevent problems like applying payments to the incorrect customer account or invoice.