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What is the role of barcodes in inventory management?

Warehouses, fulfillment centers, and logistics companies each depend on careful inventory management. Maintaining an accurate picture of where items are is essential to running an efficient operation. What role is played by barcodes in inventory management?
 
Barcode systems are one of the most essential technologies for any inventory management operation. Barcodes offer reliable, real-time insights that can streamline common inventory management workflows. As a method of counting, tracking, and tracing goods, barcodes are the proven solution.
 
HOW DO BARCODES WORK? 
 
At a basic level, barcodes represent letters, numbers, and symbols. A barcode can communicate product information in real-time. As a result, they allow for transparency throughout the logistics or manufacturing process. Barcodes can communicate product locations, serial numbers, purchase orders, or other information.
HOW DO BARCODES SUPPORT INVENTORY MANAGEMENT?
 
Barcode inventory systems can assign locations to specific items, such as a bin, shelf, or stock room. Printed barcode labels allow companies to clearly see item locations.
 
When a barcode scan happens, an inventory management system can update an item’s status. The system can also print a shipping label, and show that the product needs to be replenished. The use case for barcodes in any operation can be tailored to the company’s specific needs.
 
Barcodes also eliminate the need for time-consuming and error-ridden manual processes. By replacing paper-based tasks with barcode scanners, inventory management can become more accurate.
 
Plus, barcodes enable faster and easier analytics for data insights and inventory tracking. When integrated with an inventory control solution or ERP, barcodes make real-time transaction processing possible.
 
WHAT TYPES OF BARCODE SOLUTIONS ARE BEST FOR INVENTORY MANAGEMENT OPERATIONS?
 
Radley Corporation’s barcode software solution streamlines the data collection process for inventory managers. From automatic data capture in the warehouse to streamlined picking, packing, and shipping, Radley’s barcode solution makes it possible for inventory operations of any size to improve productivity, traceability, and accuracy.
 
To see how implementing a barcode system can enhance any manufacturing, warehousing, logistics operation, schedule a product demo with Radley today.
 
Learn more about Warehouse Management systems by reading our GUIDE to WMS SYSTEMS.
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