Bar Coding For Effective Warehouse and Inventory Management

Inventory management is a process which helps keeping track of the goods at the warehouse and other details such as manufacturing, sales, and shipping of goods as well. Bar coding is an effective way to track the inventory. 

Let us check out how barcoding is useful in warehouse and inventory management:

• Efficacy of bar coding: The use of bar coding in the inventory makes the warehouse management very efficient. The bar codes will help to scan the information much quickly on the warehouse computer network. This will ensure that the human work force required to perform the same task is reduced thereby saving on the time and costs. It will also reduce human introduced errors. 
• Providing accurate information: Using bar coding ensures that all the information is accurate and up-to-date. You could also check out for how long the product has been at the warehouse and the price at which it was purchased. Further, it is also ensures that the warehouse is not over-stocked and the goods don’t go waste. You could also eliminate obsolete stocks from the warehouse. 
• Fulfilling the orders: The use of barcodes will help the staff to ship the goods to the right destination very easily. This will ensure that the products aren't returned very often. In other words, the orders can be fulfilled without any hassles. You can check for accuracy by comparing the bar codes on the packaging sheet with the bar codes on the products. This will eliminate inaccuracies to a great extent. Further, customer satisfaction levels will also go several notches up.
• Understanding the potential customer base: It is important to understand the potential customer base and you can do this by finding out where the products are shipped from the warehouse. This will help in determining which of the areas place the maximum orders. It would then become easier to market your services in that particular area and higher profits can be yielded as a result. 

While some companies use scanning tools in their warehouse to keep a track on the goods, this again has its own limitation which can cause errors. A bar code for all the inventories in the warehouse is a must to do away with inaccuracies. The bar code labels will provide complete info about the products in the warehouse. In other words, it is the most reliable method as it will eliminate typographical and date entry errors.

For more information about the benefits of bar coding in Warehouse and Inventory Management , visit McLane Logistics Technology  at 4001 Central Pointe Parkway, Temple, TX 76504 or call us at 1-800-989-7568.