Keeping a check on your inventory and stock levels is vitally important for smaller businesses. The money you have tied up in stock is money that is literally sitting on a shelf and not being used. However, when you have an accurate way of measuring the stock you have and have a system which shows you what stock is being used and which stock isn’t being used you can make business processes a lot smoother.
Barcoding all your stock items is one way to keep track of what you own. A barcode label can be stuck onto each and every item you have in stock and when you do a stock take, the label can be read easily and quickly using an electronic barcode reader.
Using barcodes enables you to keep accurate records of your stock and hence perform accurate data modelling of your usage of stock items. Human error is not unknown in traditional stock taking methods but using barcodes eliminates this.
Using barcode readers is also simple too, instead of manually writing information about the product such as its name and serial number you simply have to scan the item with the reader to input the information.